374Water Releases 2023 Results
374Water Releases 2023 Results
Announced Collaboration with DIU, Arcadis and Clean Earth to Advance PFAS Remediation for Defense Sites
Announced new contract with City of Orlando
宣佈與DIU、Arcadis和Clean Earth合作，推進國防場所的全氟辛烷磺酸修復工作
宣佈與奧蘭多市政府簽訂新合同
DURHAM, NC / ACCESSWIRE / March 29, 2024 / 374Water Inc. (NASDAQ:SCWO), a global social impact and cleantech company offering a revolutionary waste management solution for the environment, today provides a business update and reports its financial results for the fourth quarter and year ended December 31, 2023.
北卡羅來納州達勒姆/ACCESSWIRE/2024年3月29日/374Water Inc.（納斯達克股票代碼：SCWO）是一家爲環境提供革命性廢物管理解決方案的全球社會影響力和清潔技術公司，今天提供了最新業務並報告了截至2023年12月31日的第四季度和年度的財務業績。
"In the fourth quarter, we've made significant progress with our AirSCWO 6 system, moving closer to its deployment to Orange County Sanitation District which we still expect to occur in the first half of this year," said Jeff Quick, Interim CEO of 374Water. "We are excited to have recently secured a contract with another major municipality in Orlando, a testament to the compelling nature of our SCWO technology. While our sales cycle is lengthy, we expect our pipeline to accelerate following successful system installations."
374Water臨時首席執行官傑夫·奎克表示：“在第四季度，我們在AirsCWO 6系統方面取得了重大進展，即將部署到奧蘭治縣衛生區，我們預計仍將在今年上半年進行部署。”“我們很高興最近與奧蘭多的另一個主要城市簽訂了合同，這證明了我們的SCWO技術的引人注目。雖然我們的銷售週期很長，但我們預計在成功安裝系統後，我們的銷售渠道將加快。”
Financial Highlights
財務要聞
- For the twelve month period ended December 31, 2023, the Company generated revenue of $744,000 which compares to $3,016,000 for the twelve months ending December 31, 2022, a 75% decrease.
- Our 2023 revenue reflects continued emphasis on operations and manufacturing with a focus on deploying our sold unit. At the same time, we continue to conduct treatability studies and cultivate long-term customer relationships.
- Total Operating Expenses increased as the Company makes strides in building its pipeline while commercializing and improving its technology:
- For the twelve month period ended December 31, 2023, Total Operating Expenses increased to $7,535,000 from $5,093,000 driven primarily by an increase in Compensation and Related expenses to $2,855,000 from $1,645,000 and an increase in General and Administrative expenses to $2,675,000 from $1,566,000.
- For the full year, Compensation and Related expenses increased primarily due to increases in payroll and benefit expenses as a result of deliberate growth of our talented and capable workforce to meet our development objectives, improve operations and customer service and drive innovation.
- For the full year, General and Administrative expenses increased primarily as a result of increased marketing expenses thoughtfully incurred to expand our customer base and brand awareness.
- For the twelve month period ended December 31, 2023, Total Operating Expenses increased to $7,535,000 from $5,093,000 driven primarily by an increase in Compensation and Related expenses to $2,855,000 from $1,645,000 and an increase in General and Administrative expenses to $2,675,000 from $1,566,000.
- 在截至2023年12月31日的十二個月期間，該公司的收入爲74.4萬美元，而截至2022年12月31日的十二個月爲3,016,000美元，下降了75％。
- 我們2023年的收入反映了對運營和製造業的持續重視，重點是部署我們的銷售部門。同時，我們將繼續進行可治療性研究並建立長期的客戶關係。
- 隨着公司在商業化和改進技術的同時，在建設管道方面取得長足的進步，總運營支出也隨之增加：
- 在截至2023年12月31日的十二個月期間，總運營費用從5,093,000美元增加到753.5萬美元，這主要是由於薪酬及相關費用從1,645,000美元增加到2855,000美元，以及一般和管理費用從1,566,000美元增加到267.5萬美元。
- 全年薪酬及相關支出增加的主要原因是工資和福利支出的增加，這是我們爲實現發展目標、改善運營和客戶服務以及推動創新而精心培育才華橫溢和有能力的員工隊伍的結果。
- 全年一般和管理費用增加的主要原因是爲擴大我們的客戶群和品牌知名度而精心花費的營銷費用增加。
- 在截至2023年12月31日的十二個月期間，總運營費用從5,093,000美元增加到753.5萬美元，這主要是由於薪酬及相關費用從1,645,000美元增加到2855,000美元，以及一般和管理費用從1,566,000美元增加到267.5萬美元。
Capital Structure
資本結構
- As of December 31, 2023, the Company had working capital of $13,528,000 compared to $7,061,000 at December 31, 2022. This increase in working capital provides sufficient capital to execute the Company's goals and objectives.
- 截至2023年12月31日，該公司的營運資金爲13,528,000美元，而截至2022年12月31日爲7,061,000美元。營運資金的增加爲執行公司的宗旨和目標提供了足夠的資本。
Operational Highlights
運營亮點
- The Company continues to gain traction with new customers. After the close of the quarter, the Company announced a new contract with the City of Orlando, highlighted by the deployment of an AirSCWO 6 service unit, which will be integrated into Orlando's Iron Bridge Water Pollution Control Facility. This unit is expected to be deployed in the second half of 2024 as the Company aims to satisfy manufacturing requirements for the previously-sold unit, and is designed to treat no less than 400 metric tons of sludge monthly during a three-month collaboration period for fees totaling $812,000. This contract aims to enhance the facility's operational efficiency and reduce its environmental footprint.
- The Company announced its participation in a pivotal environmental initiative spearheaded by the Defense Innovation Unit (DIU) within the Department of Defense (DoD). This collaboration is dedicated to showcasing advanced technologies for the treatment of persistent contaminants, specifically per- and polyfluoroalkyl substances (PFAS). The Company is excited to be working alongside companies like Arcadis and Clean Earth for this project.
- The Company announced in partnership with Global Partners for Development, the Homa Bay Blueprint, a clean water initiative for Africa's Great Lakes region. Featuring 374Water's advanced AirSCWO technology, this project in Lake Victoria aims to improve health and ecology for Homa Bay's 1.3 million inhabitants and devastate ecology. Preparations involve the University of Nairobi, Kenya's Ministry of Water and Environment, Homa Bay government, and local stakeholders.
- 374Water continued its progress tracking for an expected first half 2024 deployment to Orange County Sanitation District, working collaboratively with the customer to make final improvements to ensure the system meets all of the customer's requirements.
- The Company has made tangible progress in pursuit of building a C-Suite that can appropriately scale the business and expects to name a permanent CEO as soon as possible.
- The Company is in the process of transitioning from its existing manufacturing location to its own, larger facility in furtherance of its business plan. The Company has identified a location sufficient to house manufacturing and laboratory space and anticipates being fully operational in this space or similar space in July of this year. During 2023 and into 2024, the Company has undertaken initiatives to build in-house operational expertise for managing the new facility.
- 該公司繼續獲得新客戶的關注。在本季度結束後，該公司宣佈 與奧蘭多市的新合同，AirsCWO 6服務單位的部署突顯了這一點，該服務單位將整合到奧蘭多的鐵橋水污染控制設施中。該裝置預計將於2024年下半年部署，因爲該公司的目標是滿足先前出售的裝置的製造要求，並設計在三個月的合作期內每月處理不少於400公噸的污泥，費用總額爲812,000美元。該合同旨在提高該設施的運營效率並減少其環境足跡。
- 該公司宣佈將參與一項關鍵活動 環境倡議 由國防部（DoD）的國防創新股（DIU）牽頭。此次合作致力於展示處理持久性污染物的先進技術，特別是全氟烷基和多氟烷基物質（PFAS）。該公司很高興能與Arcadis和Clean Earth等公司合作開展該項目。
- 該公司與全球發展夥伴合作宣佈， 霍馬灣藍圖, 非洲大湖區的一項清潔水倡議.這個位於維多利亞湖的項目採用了374Water先進的AirsCWO技術，旨在改善霍馬灣130萬居民的健康和生態，破壞生態。準備工作涉及內羅畢大學、肯尼亞水和環境部、霍馬灣政府和當地利益相關者。
- 374Water繼續跟蹤預計於2024年上半年在奧蘭治縣衛生區的部署進度，與客戶合作進行最終改進，以確保系統滿足客戶的所有要求。
- 該公司在建立能夠適當擴展業務的高管方面取得了切實的進展，並希望儘快任命常任首席執行官。
- 該公司正在從現有的製造基地過渡到自己的更大的工廠，以推進其業務計劃。該公司已經確定了足以容納製造和實驗室空間的地點，預計該空間或類似空間將於今年7月全面投入運營。在2023年和2024年，公司已採取舉措來建立管理新設施的內部運營專業知識。
For more on AirSCWO or about our team, visit 374Water.com or follow us on LinkedIn.
有關AirsCWO或我們團隊的更多信息，請訪問374water.com或在LinkedIn上關注我們。
About 374Water
關於 374Water
374Water Inc. (Nasdaq:SCWO), is a global cleantech, social impact company whose mission is to preserve a clean and healthy environment that sustains life. We are pioneering a new era of sustainable waste management that supports a circular economy and enables organizations to achieve their environmental, social, and governance (ESG) and sustainability goals. Follow us on LinkedIn.
374Water Inc.（納斯達克股票代碼：SCWO）是一家全球清潔技術、具有社會影響力的公司，其使命是保護維持生命的清潔健康的環境。我們正在開創可持續廢物管理的新時代，該時代支持循環經濟，使組織能夠實現其環境、社會和治理（ESG）和可持續發展目標。在領英上關注我們。
Cautionary Language
警示語言
This press release contains "forward-looking statements," as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning.
本新聞稿包含 “前瞻性陳述”，該術語由1995年《私人證券訴訟改革法》（PSLRA）定義，這些陳述可以用 “期望”、“計劃”、“項目”、“將”、“可能”、“預期”、“相信”、“應該”、“打算”、“估計” 等詞語來識別。
Investor Contact:
投資者聯繫人：
Heather Crowell
ir@374water.com
希瑟·克羅威爾
ir@374water.com
Media Contact:
媒體聯繫人：
Christian Rizzo
media@374water.com
克里斯蒂安·裏佐
media@374water.com
374 Water Inc. and Subsidiaries
Consolidated Balance Sheets
As of December 31, 2023 and December 31, 2022
374 Water Inc. 及其子公司
合併資產負債表
截至 2023 年 12 月 31 日和 2022 年 12 月 31 日
| 2023 | 2022 | |||||||
Assets |
||||||||
Current Assets: |
||||||||
Cash and cash equivalents |
$ | 10,445,404 | $ | 4,046,937 | ||||
Accounts receivable, net of allowance of $2,909 and $0, respectively |
64,792 | - | ||||||
Other receivables |
39,749 | - | ||||||
Unbilled accounts receivable |
1,494,553 | 918,164 | ||||||
Inventory |
2,276,677 | 1,660,710 | ||||||
Investments |
- | 1,944,464 | ||||||
Prepaid expenses |
581,085 | 153,455 | ||||||
Total Current Assets |
14,902,260 | 8,723,730 | ||||||
Long-Term Assets: |
||||||||
Property and equipment, net |
230,971 | 143,079 | ||||||
Intangible asset, net |
988,029 | 1,050,022 | ||||||
Total Long-Term Assets |
1,219,000 | 1,193,101 | ||||||
Total Assets |
$ | 16,121,260 | $ | 9,916,831 | ||||
Liabilities and Stockholders' Equity |
||||||||
Current Liabilities: |
||||||||
Accounts payable and accrued expenses |
$ | 572,297 | $ | 1,449,582 | ||||
Accrued contract loss provision |
500,000 | - | ||||||
Accrued legal settlement |
135,000 | - | ||||||
Unearned revenue |
130,000 | 200,109 | ||||||
Other liabilities |
36,787 | 13,528 | ||||||
Total Current Liabilities |
1,374,084 | 1,663,219 | ||||||
Total Liabilities |
1,374,084 | 1,663,219 | ||||||
Commitments and contingencies (Note 10) |
||||||||
Stockholders' Equity |
||||||||
Preferred stock: 50,000,000 Convertible Series D preferred shares authorized; par value $0.0001 per share, nil issued and outstanding at December 31, 2023 and 2022, respectively |
- | - | ||||||
Common stock: 200,000,000 common shares authorized, par value $0.0001 per share, 132,667,107 and 126,702,545 shares issued and outstanding at December 31, 2023 and 2022, respectively |
13,266 | 12,669 | ||||||
Additional paid-in capital |
30,684,943 | 16,110,221 | ||||||
Accumulated deficit |
(15,953,504) | (7,849,982) | ||||||
Accumulated other comprehensive income (loss) |
2,471 | (19,296) | ||||||
Total Stockholders' Equity |
14,747,176 | 8,253,612 | ||||||
Total Liabilities and Stockholders' Equity |
$ | 16,121,260 | $ | 9,916,831 | ||||
| 2023 | 2022 | |||||||
資產 |
||||||||
流動資產： |
||||||||
現金和現金等價物 |
$ | 10,445,404 | $ | 4,046,937 | ||||
應收賬款，分別扣除2,909美元和0美元的備抵額 |
64,792 | - | ||||||
其他應收賬款 |
39,749 | - | ||||||
未開票的應收賬款 |
1,494,553 | 918,164 | ||||||
庫存 |
2,276,677 | 1,660,710 | ||||||
投資 |
- | 1,944,464 | ||||||
預付費用 |
581,085 | 153,455 | ||||||
流動資產總額 |
14,902,260 | 8,723,730 | ||||||
長期資產： |
||||||||
財產和設備，淨額 |
230,971 | 143,079 | ||||||
無形資產，淨額 |
988,029 | 1,050,022 | ||||||
長期資產總額 |
1,219,000 | 1,193,101 | ||||||
總資產 |
$ | 16,121,260 | $ | 9,916,831 | ||||
負債和股東權益 |
||||||||
流動負債： |
||||||||
應付賬款和應計費用 |
$ | 572,297 | $ | 1,449,582 | ||||
應計合同損失準備金 |
50 萬 | - | ||||||
應計法律和解 |
135,000 | - | ||||||
未賺取的收入 |
1300,000 | 200,109 | ||||||
其他負債 |
36,787 | 13,528 | ||||||
流動負債總額 |
1,374,084 | 1,663,219 | ||||||
負債總額 |
1,374,084 | 1,663,219 | ||||||
承付款和或有開支（注10） |
||||||||
股東權益 |
||||||||
優先股：授權5000萬股可轉換D系列優先股；面值每股0.0001美元，截至2023年12月31日和2022年12月31日已發行和流通的股票分別爲零 |
- | - | ||||||
普通股：截至2023年12月31日和2022年12月31日已發行和流通的2億股普通股，面值每股0.0001美元，分別爲132,667,107和126,702,545股和126,702,545股 |
13,266 | 12,669 | ||||||
額外的實收資本 |
30,684,943 | 16,110,221 | ||||||
累計赤字 |
(15,953,504) | (7,849,982) | ||||||
累計其他綜合收益（虧損） |
2471 | (19,296) | ||||||
股東權益總額 |
14,747,176 | 8,253,612 | ||||||
負債總額和股東權益 |
$ | 16,121,260 | $ | 9,916,831 | ||||
374 Water Inc. and Subsidiaries
Consolidated Statements of Operations
374 Water Inc. 及其子公司
合併運營報表
|
For the years ended
December 31,
|
||||||||
| 2023 | 2022 | |||||||
Revenue |
$ | 743,952 | $ | 3,015,521 | ||||
Cost of revenues |
(1,852,208) | (2,679,020) | ||||||
Gross margin |
(1,108,256) | 336,501 | ||||||
Operating Expenses |
||||||||
Research and development |
1,496,129 | 1,113,500 | ||||||
Compensation and related expenses |
2,854,494 | 1,644,861 | ||||||
Professional fees |
508,795 | 768,548 | ||||||
General and administrative |
2,675,202 | 1,565,723 | ||||||
Total Operating Expenses |
7,534,620 | 5,092,632 | ||||||
Loss from Operations |
(8,642,876) | (4,756,131) | ||||||
Other Income |
||||||||
Interest income |
446,669 | 67,067 | ||||||
Other income (expense) |
92,685 | (903) | ||||||
Total Other Income, net |
539,354 | 66,164 | ||||||
Net Loss before Income Taxes |
(8,103,522) | (4,689,967) | ||||||
Provision for Income Taxes |
- | - | ||||||
Net Loss |
$ | (8,103,522) | $ | (4,689,967) | ||||
Other comprehensive income (loss) |
||||||||
Unrealized losses on marketable securities |
- | (18,968) | ||||||
Foreign currency translation |
2,799 | (328) | ||||||
Total other comprehensive income (loss) |
2,799 | (19,296) | ||||||
Total comprehensive loss |
(8,100,723) | (4,709,263) | ||||||
Net Loss per Share - Basic and Diluted
|
$ | (0.06) | $ | (0.04) | ||||
Weighted Average Common Shares Outstanding - Basic and Diluted |
130,367,662 | 126,641,536 | ||||||
|
在已結束的歲月裏
十二月三十一日
|
||||||||
| 2023 | 2022 | |||||||
收入 |
$ | 743,952 | $ | 3,015,521 | ||||
收入成本 |
(1,852,208) | (2,679,020) | ||||||
毛利率 |
(1,108,256) | 336,501 | ||||||
運營費用 |
||||||||
研究和開發 |
1,496,129 | 1,113,500 | ||||||
補償和相關費用 |
2,854,494 | 1,644,861 | ||||||
專業費用 |
508,795 | 768,548 | ||||||
一般和行政 |
2,675,202 | 1,565,723 | ||||||
總運營費用 |
7,534,620 | 5,092,632 | ||||||
運營損失 |
(8,642,876) | (4,756,131) | ||||||
其他收入 |
||||||||
利息收入 |
446,669 | 67,067 | ||||||
其他收入（支出） |
92,685 | (903) | ||||||
其他收入總額，淨額 |
539,354 | 66,164 | ||||||
所得稅前淨虧損 |
(8,103,522) | (4,689,967) | ||||||
所得稅準備金 |
- | - | ||||||
淨虧損 |
$ | (8,103,522) | $ | (4,689,967) | ||||
其他綜合收益（虧損） |
||||||||
有價證券的未實現虧損 |
- | (18,968) | ||||||
外幣折算 |
2,799 | (328) | ||||||
其他綜合收益總額（虧損） |
2,799 | (19,296) | ||||||
綜合損失總額 |
(8,100,723) | (4,709,263) | ||||||
每股淨虧損——基本虧損和攤薄後 |
$ | (0.06) | $ | (0.04) | ||||
加權平均已發行普通股——基本股和攤薄後普通股 |
130,367,662 | 126,641,536 | ||||||
374 Water Inc. and Subsidiaries
Consolidated Statements of Cash Flows
For the years ended December 31, 2023 and 2022
374 Water Inc. 及其子公司
合併現金流量表
截至2023年12月31日和2022年12月31日的年度
| For the years ended | ||||||||
| 2023 | 2022 | |||||||
CASH FLOWS FROM OPERATING ACTIVITIES |
||||||||
Net Loss |
$ | (8,103,522) | $ | (4,689,967) | ||||
Adjustments to reconcile net loss to net cash used in operations: |
||||||||
Depreciation and amortization expense |
85,816 | 67,573 | ||||||
Stock-based compensation |
925,181 | 610,741 | ||||||
Issuance of restricted stock for services |
71,200 | - | ||||||
Changes in operating assets and liabilities: |
||||||||
Accounts receivable |
(64,792) | - | ||||||
Other receivables |
(39,749) | - | ||||||
Unbilled accounts receivable |
(576,389) | (918,164) | ||||||
Inventory |
(615,967) | (1,660,710) | ||||||
Prepaid expense and other assets |
(427,630) | 65,011 | ||||||
Accounts payable and accrued expenses |
(877,285) | 1,386,601 | ||||||
Contract loss provision |
500,000 | - | ||||||
Accrued legal settlement |
135,000 | - | ||||||
Unearned revenue |
(70,109) | 200,109 | ||||||
Other liabilities |
23,259 | (9,862) | ||||||
Net cash used in operating activities |
(9,034,987) | (4,948,668) | ||||||
CASH FLOWS FROM INVESTING ACTIVITIES |
||||||||
Purchase of property, plant, and equipment |
(105,990) | (144,567) | ||||||
Purchases of marketable securities |
- | (1,963,432) | ||||||
Proceeds from marketable securities |
1,963,432 | - | ||||||
Increase in intangible assets |
(5,725) | (52,292) | ||||||
Net cash provided by (used in) investing activities |
1,851,717 | (2,160,291) | ||||||
CASH FLOWS FROM FINANCING ACTIVITIES |
||||||||
Proceeds from the exercise of options and warrants |
137,500 | 25,049 | ||||||
Proceeds from the issuance of common stock |
13,441,438 | - | ||||||
Net cash provided by financing activities |
13,578,938 | 25,049 | ||||||
Effect of exchange rates on cash |
2,799 | (328) | ||||||
NET INCREASE (DECREASE) IN CASH |
6,398,467 | (7,084,238) | ||||||
CASH - Beginning of year |
4,046,937 | 11,131,175 | ||||||
CASH - End of year |
$ | 10,445,404 | $ | 4,046,937 | ||||
SUPPLEMENTAL CASH FLOW DISCLOSURES: |
||||||||
Cash paid for interest |
$ | - | $ | - | ||||
Cash paid for taxes |
$ | - | $ | - | ||||
NON-CASH INVESTING ACTIVITIES: |
||||||||
Change in unrealized loss on AFS investment securities |
$ | - | $ | (18,968) | ||||
Transfers of investment securities from AFS to HTM |
$ | 1,963,432 | $ | - | ||||
Amortization of AFS investment securities unrealized loss in AOCI into interest income as yield adjustment |
$ | 18,968 | - | |||||
| 在已結束的歲月裏 | ||||||||
| 2023 | 2022 | |||||||
來自經營活動的現金流 |
||||||||
淨虧損 |
$ | (8,103,522) | $ | (4,689,967) | ||||
爲使淨虧損與運營中使用的淨現金相協調而進行的調整： |
||||||||
折舊和攤銷費用 |
85,816 | 67,573 | ||||||
基於股票的薪酬 |
925,181 | 610,741 | ||||||
發行服務限制性股票 |
71,200 | - | ||||||
運營資產和負債的變化： |
||||||||
應收賬款 |
(64,792) | - | ||||||
其他應收賬款 |
(39,749) | - | ||||||
未開票的應收賬款 |
(576,389) | (918,164) | ||||||
庫存 |
(615,967) | (1,660,710) | ||||||
預付費用和其他資產 |
(427,630) | 65,011 | ||||||
應付賬款和應計費用 |
(877,285) | 1,386,601 | ||||||
合同損失條款 |
50 萬 | - | ||||||
應計法律和解 |
135,000 | - | ||||||
未賺取的收入 |
(70,109) | 200,109 | ||||||
其他負債 |
23,259 | (9,862) | ||||||
用於經營活動的淨現金 |
(9,034,987) | (4,948,668) | ||||||
來自投資活動的現金流 |
||||||||
購買不動產、廠房和設備 |
(105,990) | (144,567) | ||||||
購買有價證券 |
- | (1,963,432) | ||||||
有價證券的收益 |
1,963,432 | - | ||||||
無形資產的增加 |
(5,725) | (52,292) | ||||||
由（用於）投資活動提供的淨現金 |
1,851,717 | (2,160,291) | ||||||
來自融資活動的現金流量 |
||||||||
行使期權和認股權證的收益 |
137,500 | 25,049 | ||||||
發行普通股的收益 |
13,441,438 | - | ||||||
融資活動提供的淨現金 |
13,578,938 | 25,049 | ||||||
匯率對現金的影響 |
2,799 | (328) | ||||||
現金淨增加（減少） |
6,398,467 | (7,084,238) | ||||||
現金-年初 |
4,046,937 | 11,131,175 | ||||||
現金-年底 |
$ | 10,445,404 | $ | 4,046,937 | ||||
補充現金流披露： |
||||||||
支付利息的現金 |
$ | - | $ | - | ||||
繳納稅款的現金 |
$ | - | $ | - | ||||
非現金投資活動： |
||||||||
AFS投資證券未實現虧損的變化 |
$ | - | $ | (18,968) | ||||
將投資證券從AFS轉移到HTM |
$ | 1,963,432 | $ | - | ||||
作爲收益率調整，將AOCI中AFS投資證券的未實現虧損攤銷爲利息收入 |
$ | 18,968 | - | |||||
SOURCE: 374Water Inc.
資料來源：374Water Inc.
譯文內容由第三人軟體翻譯。