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DURHAM, N.C. - 374Water Inc. (NASDAQ:SCWO), a company focused on organic waste destruction technology, announced Wednesday that several company insiders, including board members and senior management, have recently purchased shares of the company’s stock in the open market. The stock, currently trading at $0.33, has shown significant volatility with a 14.6% gain over the past week, according to InvestingPro data.
The purchases were made by multiple company leaders, including President and CEO Chris Gannon, who stated that the transactions reflect confidence in the company’s AirSCWO technology and future prospects. InvestingPro analysis reveals the company holds more cash than debt on its balance sheet, with analysts projecting sales growth of 58% for the current year.
"These share purchases underscore our confidence in 374Water’s vision and the tremendous opportunities ahead for our AirSCWO technology," Gannon said in a press release statement.
Board Member Jim Pawloski added, "There is no better means of showing confidence in a public company than by purchasing its stock in the open market."
374Water’s AirSCWO technology is designed to destroy and mineralize organic wastes, producing dischargeable water streams, mineral effluent, vent gas, and recoverable heat energy. The company serves municipal, federal, and industrial markets. With a market capitalization of approximately $54 million, 374Water maintains a strong liquidity position with current assets exceeding short-term obligations by 2.6 times.
The company reported that it has completed numerous waste destruction projects across various waste streams, which it says is generating demand across its target markets. According to InvestingPro’s Fair Value analysis, the stock appears undervalued at current levels, though investors should note that comprehensive valuation metrics and additional insights are available with an InvestingPro subscription.
Details of the stock transactions were disclosed in Form 4 filings with the Securities and Exchange Commission, as required by regulations.
The announcement comes as the company continues to deploy its waste treatment systems and expand its Waste Destruction Services business. The information in this article is based on a company press release.
In other recent news, 374Water Inc. reported a significant increase in revenue for Q2 2025, reaching $600,000, a substantial rise from $37,000 in the previous year. This growth was primarily driven by an increase in demonstration services and treatability studies. However, the company also reported a larger-than-expected net loss of $4.6 million, compared to $2.9 million in Q2 2024. Additionally, 374Water announced the successful destruction of toxic per- and polyfluoroalkyl substances (PFAS) in concentrated landfill leachate using its AirSCWO system. The company highlighted that its supercritical water oxidation technology achieved over 99.99% destruction of PFAS compounds, with non-detectable levels in the effluent. These recent developments underscore 374Water’s ongoing efforts in environmental technology and its financial challenges.
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