374Water Retains Nasdaq Listing Following Strategic Overhaul

The environmental technology firm 374Water Inc. has successfully regained compliance with Nasdaq's minimum listing standards, securing its position on the Nasdaq Capital Market. This resolution follows a period of strategic corporate actions, including a reverse stock split and leadership changes, shifting investor focus squarely onto the company's operational execution and its ambitious revenue targets for the coming year.

In tandem with its financial restructuring, 374Water has reconstituted its board of directors. Stephen J. Jones assumed the role of Chairman in mid-December, with Bradley Freels and Charles Weiser joining the board at the turn of the year. This refreshed leadership team is now tasked with steering the company's growth.

On the operational front, the company ended the previous year with a significant development. In late December, it secured grant funding in the state of Minnesota for a project aimed at destroying PFAS, often called "forever chemicals," within wastewater sludge. This initiative leverages 374Water's proprietary AirSCWO technology, a process that uses supercritical water oxidation to break down hazardous organic waste.

Financial Restructuring and Compliance Achieved

The path to Nasdaq compliance was achieved through a 1-for-10 reverse stock split, which became effective in late December. This corporate action was designed to elevate the company's share price above the critical $1.00 threshold. The strategy proved successful, with the share price closing above $1.00 for ten consecutive trading days, hitting the milestone on January 9. Formal confirmation from Nasdaq was received on January 14, eliminating the immediate threat of delisting.

Should investors sell immediately? Or is it worth buying 374Water Common Stock?

Financial Health and Forward Guidance

A review of the company's third-quarter 2025 results reveals a mixed financial picture. Revenue showed substantial growth, reaching $760,000—a significant increase from the $81,000 reported in the same period the prior year. However, this was offset by a net loss of $4.3 million, driven by considerably higher operating expenses.

For the full fiscal year 2025, management anticipates revenue of approximately $4.0 million. Looking ahead to the current year, 2026, the company has set a revenue forecast in the range of $6 to $8 million.

Liquidity remains a key focus. As of the end of Q3 2025, 374Water held cash reserves of $0.9 million. The company intends to utilize its existing At-The-Market (ATM) equity program, which provides for the sale of up to $7.0 million in shares, to extend its cash runway into the second quarter of 2026.

Investors can expect a clearer view of the company's recent performance later this month. 374Water plans to release its fourth-quarter and full-year 2025 financial report on either March 26 or 27, 2026.