374Water Inc. Reports Q2 2023 Net Loss of $1.65 Million Amid Revenue of $49.86 Thousand

374Water Inc.(SCWO) and its subsidiari es have unveiled their unaudited condensed consolidated financial statements for the second quarter of 2023, reflecting both revenue growth and a net loss. The company's strong revenue performance demonstrates promising progress, while the net loss indicates ongoing challenges.

Net Loss Narrows as Revenue Grows

374Water Inc. announced a net loss of $1.65 million for the second quarter of 2023, marking a reduction compared to the net loss of $1.21 million in the same period last year. Despite the loss, the company's performance indicates a strategic push towards profitability. The management's efforts to optimize operations and manage expenses have contributed to this reduction in net loss.

Revenue Surges in Q2 2023