374Water Q2 net loss narrows 41% to $2.7 million; revenue rises 280% to $2.26 million
SCWO•Quarterly results improve as revenue rises
- 374Water posted a second-quarter net loss of $2.7 million, narrowing 41% from the year-earlier quarter.
- Revenue more than doubled to $2.26 million, up 280% year over year.
- Operating loss narrowed 65% to $1.62 million; other expenses rose to $1.07 million.
- Revenue growth was driven by $2 million recognized on the OC San contract after meeting a factory acceptance test.
- Management flagged substantial doubt about going concern; cash was $1.78 million at June 30, 2026.
