374Water has successfully deployed its AirSCWO 6 (AS6) System to Clean Earth's facility in Detroit, Michigan, as part of an ongoing project with the Department of Defense (DoD). This achievement marks a crucial step in demonstrating the AS6 System's capabilities in commercial settings.
According to Chris Gannon, CEO of 374Water, the installation and configuration of the system will take about three weeks, with initial waste treatment operations scheduled to commence in August. The AS6 System is designed to process six waste streams containing PFAS, three of which originate directly from DoD sites, while the others involve waste concentrated through upstream technologies.
The project's engineering analysis will be conducted by Arcadis, the primary engineering contractor for the initiative. This deployment is expected to showcase the technology's effectiveness, scalability, and adaptability in treating different waste types.
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 1,026.13% from the current price of $0.22. 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 $1.32, suggesting a upside of 494.59% from the current price of $0.222. 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: May 15, 2025
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 air flow system that offers a groundbreaking solution for waste destruction, generating safe dischargeable water and recoverable thermal energy.
- The company is targeting a $450 billion waste destruction and management market, positioning its technology as scalable, modular, and customizable.
- 374Water Inc (SCWO) has secured a waste destruction services contract with the University of North Carolina, potentially worth over $5 million in future revenues.
- The company is actively expanding its operational footprint with plans to deploy systems in key locations such as California, Michigan, and Colorado.
- 374Water Inc (SCWO) has strengthened its leadership team with new appointments, enhancing its capabilities in product innovation and commercialization.
Negative Points
- The company reported a net loss of $3.7 million for the first quarter of 2025, compared to a $2.0 million loss in the prior year quarter.
- Total operating expenses increased by 106% to $3.9 million, driven by higher professional fees, general and administrative expenses, and compensation costs.
- Cash and cash equivalents decreased to $6.9 million as of March 31, 2025, from $10.7 million at the end of 2024.
- The full system installation at Orange County Sanitation District is likely to be delayed by a few months due to further upgrades and permit requirements.
- The company's revenue for the first quarter was $543,000, which, while an increase from the prior year, still reflects the early stage of commercialization.
