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Nagar Yaacov, a significant shareholder of 374Water Inc. (NASDAQ:SCWO), has sold a substantial portion of his holdings in recent transactions. According to the latest SEC filing, Yaacov disposed of a total of 107,223 shares of common stock over two consecutive days. The timing of these sales comes as the stock has declined over 73% in the past year, currently trading near its 52-week low of $0.30.
On March 26, Yaacov sold 45,998 shares at a price of $0.4209 each. The following day, he sold an additional 61,225 shares at $0.4143 per share. These transactions amounted to a total value of $44,726. After these sales, Yaacov’s ownership in the company stands at 36,281,237 shares. InvestingPro analysis reveals concerning fundamentals, with the company showing negative gross margins and rapid cash burn.
These transactions reflect Yaacov’s ongoing management of his investment in 374Water, a company known for its innovative solutions in the motors and generators sector. With a market capitalization of $51.76 million and an overall weak financial health score according to InvestingPro metrics, investors should carefully monitor the company’s performance.
In other recent news, 374Water Inc. reported its fourth-quarter 2024 earnings, revealing a decrease in revenue to $445,000, down from $743,000 the previous year. The company also reported a larger-than-expected net loss of $12.4 million, compared to $8.1 million in the prior year, with operating expenses increasing by 59% to $11.9 million. Despite these setbacks, 374Water remains optimistic about its future growth, projecting revenue between $4 million and $6 million for 2025. The company has also announced a new waste destruction contract with the University of North Carolina at Chapel Hill, potentially worth over $5 million. Additionally, 374Water is expanding its manufacturing capacity and pursuing partnerships with Treatment, Storage, and Disposal Facilities (TSDFs). Analysts from Alliance Global Partners (NYSE:GLP) have inquired about the company’s manufacturing capacity, which currently allows for the production of two to four systems simultaneously. The company is actively pursuing strategic partnerships to support its business growth and is confident in its ability to meet future demand.
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