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Company Reports Revenue of $2.26M
Reports revenue $2.26M…
374Water Receives Success Memo from U.S. Department of Defense
374Water announced that U.S. Department of Defense, DOD, Defense Innovation Unit, DIU, issued a Success Memo to 374Water's demonstration partner, Arcadis, validating the performance of 374Water's AirSCWO destruction technology. The Success Memo formally validates the economic and technical viability of a regional AirSCWO hub following a robust demonstration and evaluation program under the DoD's Environmental Security Technology Certification Program. It also designates successful completion of the Prototype Project under 10 U.S.C. B'4022 and establishes the conditions under which federal agencies may proceed directly to follow-on production awards.
374Water CEO Emphasizes Revenue Visibility and Growth Potential
"We are working to build a Company that delivers - safely, consistently, transparently, and with urgency," said CEO Danny Bogar. "Our commercial momentum is translating into greater revenue visibility. We have approximately $2.6 million remaining to be invoiced under the OC San contract. Our $600,000 St. Cloud WDS pilot is in Phase III, and we hope to expand that relationship going forward. In addition, with over $4.8M expected from our Olathe, KS contract, an expanded Orlando destruction hub, and multiple strategic collaborations advancing, we believe we are building a foundation for recurring growth. "As we strengthen our balance sheet, align with strategic partners such as Arcadis, and bring new customers to our Orlando hub, we believe the market will recognize the value of 374Water. The opportunity in front of us is significant. Our job now is to execute."
374Water CEO Emphasizes Long-Term Growth and Partnerships
"The second quarter of 2026 has been about building towards long-term growth from a strong technical and operational foundation," said Danny Bogar, Chief Executive Officer of 374Water. "Since I assumed the role of CEO earlier this year, our team has remained focused on alignment and execution. We are converting years of technology development into rapidly growing revenue, more deployed systems, long-term contracts, and durable partnerships. We have expanded our flagship Waste Destruction Services hub in Orlando, executed a MOU with Arcadis to pursue federal PFAS destruction opportunities, completed a rigorous government PFAS demonstration with the Department of Defense validated by independent results, and cleared a critical Factory Acceptance Test for California's Orange County Sanitation District. While there is still significant work ahead, I believe the progress we've made positions 374Water to capitalize on the growing demand for permanent destruction solutions. As society and regulatory pressures increase, customers will seek proven, scalable solutions for the destruction of harmful and persistent pollutants. The second half of 2026 will be about creating additional partnerships, expanding our facility and capacity in Orlando, and commercializing our AFFF waste destruction services."
374Water Completes Phase 2 of Mobile AirSCWO Deployment in St. Cloud, Minnesota
374Water announced the completion of Phase 2 of its mobile AirSCWO deployment in St. Cloud, Minnesota, and provided an update on the campaign as the field team begins Phase 3. The St. Cloud deployment is being conducted under a $600,000 Waste Destruction Services contract with the City of St. Cloud, in partnership with Barr Engineering
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