Announcement • Jul 08
374Water Inc. Announces CFO Changes 374Water Inc. announced the appointment of Chuck Weiser, CPA, as Chief Financial Officer, effective 07 July 2026. Mr. Weiser succeeds Adrienne Anderson who has served as Interim Chief Financial Officer and will continue supporting the Company as a financial consultant focused on SEC reporting, compliance, and corporate finance initiatives. Mr. Weiser brings extensive operational, financial, and capital markets experience as well as expertise in finance, accounting, strategic planning, business development, turnaround management, private equity, and capital raising. Most recently, he served as Chief Financial Officer of Alonti Catering Kitchens, overseeing finance, accounting, tax, budgeting, and strategic planning. Prior to Alonti Catering Kitchens, Mr. Weiser served as Managing Director of Imperial-Texas, where he provided accounting, financial, and consulting services to businesses across multiple industries. Earlier in his career, he served as Executive Vice President and Chief Financial Officer of American Green Technology, a leading manufacturer and distributor of lighting products serving commercial, industrial, and healthcare markets worldwide. Mr. Weiser currently serves on 374Water's Board of Directors and will continue in that capacity while assuming the role of Chief Financial Officer. Mr. Weiser holds a Master of Business Administration in Finance and Accounting and a Bachelor of Business Administration from the University of Texas at Austin. He is a Certified Public Accountant licensed in both Texas and Florida. Reported Earnings • May 17
First quarter 2026 earnings released: US$0.26 loss per share (vs US$0.26 loss in 1Q 2025) First quarter 2026 results: US$0.26 loss per share (further deteriorated from US$0.26 loss in 1Q 2025). Net loss: US$4.57m (loss widened 24% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has fallen by 56% per year, which means it is performing significantly worse than earnings. New Risk • Apr 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$16m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$16m free cash flow). Earnings have declined by 48% per year over the past 5 years. Revenue is less than US$1m (US$215k revenue). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (US$48.9m market cap). 
