374Water Q2 Revenue Triples to $2.2M on Contract Milestones
SCWO sits 33% above its 52-week low of $1.75 on light trading volume (0.3× avg).
Summary
374Water's preliminary Q2 revenue hit $2.2 million, more than triple the prior year, driven by the OC San Factory Acceptance Test milestone and Orlando hub expansion. First-half revenue surpassed $2.8 million, doubling year-over-year. The company expects an additional $2.6 million from the OC San contract as milestones are met. This follows the Q1 report showing improved margins and reduced cash burn, and the June FAT completion that unlocked this revenue. The growth trajectory is accelerating with new contracts and recurring revenue from PFAS waste destruction services.
At the time of this announcement, SCWO was trading at $2.32 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $37.6M. The 52-week trading range was $1.75 to $10.90. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.