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DURHAM, N.C. - 374Water Inc. (NASDAQ:SCWO), a $46 million market cap company specializing in organic waste destruction technology, announced Monday the appointment of Jim Siccardi as Senior Vice President of Investor Relations. The company’s stock has declined 80% over the past year, though InvestingPro data shows impressive revenue growth of 403% in the last twelve months.
Siccardi brings over 20 years of experience in the investor relations field, most recently serving as Vice President of Investor Relations at Energy Recovery, where the company’s market value reportedly quadrupled during his tenure.
His previous roles include Director of Investor Relations at Occidental Petroleum, sell-side analyst positions at Morgan Stanley and Credit Suisse, and portfolio management roles at HSBC Asset Management and PAW Partners. Siccardi holds a BA in Finance and Accounting from Villanova University and an MBA from the University of Notre Dame.
"Having served on the sell-side, buy-side, and corporate side, Jim brings a unique and strategic perspective to Investor Relations," said Chris Gannon, CEO of 374Water, in the press release.
In his new position, Siccardi will focus on strengthening relationships between shareholders and management while communicating the company’s strategy to investors.
374Water develops AirSCWO technology designed to destroy organic wastes and produce dischargeable water streams, mineral effluent, vent gas, and recoverable heat energy. The company serves municipal, federal, and industrial markets.
The appointment comes as the company aims to expand its market presence in waste treatment solutions. According to the company statement, recent regulatory developments regarding Per- and Polyfluoroalkyl Substances (PFAS) may create increased demand for its waste treatment technologies.
In other recent news, 374Water Inc. reported a significant increase in revenue for Q2 2025, reaching $600,000 compared to $37,000 in the previous year. This growth was attributed to increased demonstration services and treatability studies. However, the company’s net loss widened to $4.6 million, up from $2.9 million in Q2 2024. Additionally, 374Water successfully destroyed toxic per- and polyfluoroalkyl substances (PFAS) in landfill leachate using its AirSCWO system, achieving over 99.99% destruction of the compounds. In a show of confidence, several company insiders, including President and CEO Chris Gannon, purchased shares of the company’s stock. These transactions reflect optimism in the company’s AirSCWO technology and its future prospects.
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