374Water has officially appointed James Pawloski as an advisor to the company. Alongside this role, Pawloski has been proposed as a nominee for an Independent Director position on 374Water's board. His appointment is expected to bolster the company's strategic direction and governance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for 374Water Inc (SCWO, Financial) is $2.50 with a high estimate of $2.50 and a low estimate of $2.50. The average target implies an upside of 792.86% from the current price of $0.28. More detailed estimate data can be found on the 374Water Inc (SCWO) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, 374Water Inc's (SCWO, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for 374Water Inc (SCWO, Financial) in one year is $0.98, suggesting a upside of 250% from the current price of $0.28. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the 374Water Inc (SCWO) Summary page.
SCWO Key Business Developments
Release Date: March 27, 2025
- Revenue: $445,000 for the fiscal year ended December 31, 2024, compared to $743,000 in the prior year.
- Net Loss: $12.4 million for the year ended December 31, 2024, compared to $8.1 million in the prior year.
- Operating Expenses: Increased 59% to $11.9 million for the year ended December 31, 2024, from $7.5 million in the prior year.
- Cash and Cash Equivalents: $10.7 million as of December 31, 2024, compared to $10.4 million as of December 31, 2023.
- Working Capital: $11.5 million as of December 31, 2024, compared to $13.5 million as of December 31, 2023.
- Gross Proceeds from Offering: $12.2 million in November 2024, with net proceeds of $11.3 million.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- 374Water Inc (SCWO, Financial) has developed a proprietary AirSCWO system designed to effectively destroy both solid and liquid non-hazardous and hazardous organic waste.
- The company has a flexible go-to-market strategy offering multiple procurement options, including capital sales, leases, and waste destruction services.
- 374Water Inc (SCWO) has secured a multiphase contract with the University of North Carolina at Chapel Hill, potentially worth over $5 million, to destroy AFFF firefighting foam.
- The company has expanded its intellectual property portfolio by filing multiple patent applications, strengthening its competitive position.
- 374Water Inc (SCWO) has increased its operational capabilities by moving to a new state-of-the-art Biosafety Level 1 facility and expanding its production facility in Orlando.
Negative Points
- The company reported a decrease in revenue for the fiscal year 2024, generating $445,000 compared to $743,000 in the prior year.
- Total operating expenses increased by 59% to $11.9 million for the year ended December 31, 2024, primarily due to increased professional fees and general administrative expenses.
- The net loss for the year ended December 31, 2024, was $12.4 million, compared to $8.1 million in the prior year.
- Manufacturing capacity is currently limited to producing two to four systems at a time, which may constrain growth if demand increases significantly.
- The company is still in the early stages of unlocking market opportunities and faces long sales cycles for its high-capacity systems.
