secwatch.observer — SEC 8-K summary
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Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001421517-21-000139
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Recovery Q3 product revenue down 24% YoY, EPS $0.02, signs PX G1300 deal
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- Product revenue $20.8M (-24% YoY); net income $1.1M ($0.02 diluted EPS) vs $5.4M ($0.10) in Q3 2020.
- Megaproject channel -36%; OEM +19%, aftermarket +2%; received sixth industrial wastewater order.
- Agreement to deploy PX G1300 in Vallarta Supermarkets California; LOI with European grocery chain.
- Cash & investments $108.4M; mgmt expects Q4 to be a historic revenue quarter despite supply chain.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151721000139/0001421517-21-000139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151721000139/erii-20211104.htm
  HTML page:      https://secwatch.observer/filing/0001421517-21-000139

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer