---
schema_version: "secwatch.filing_event.v1"
accession: "0001421517-22-000036"
form_type: "8-K"
ticker: "ERII"
cik: "0001421517"
company_name: "Energy Recovery, Inc."
filed_at: "2022-02-24T23:59:59+00:00"
generated_at: "2026-06-27T04:43:08.188737+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Energy Recovery posts record Q4 product revenue of $33.6M, up 27% YoY; FY product revenue $103.9M (+13%)

## Summary
- Q4 diluted EPS $0.09 vs $0.06 YoY; FY diluted EPS $0.24 vs $0.47 (prior year included $26.9M license revenue).
- FY product gross margin 68.6%; operating expenses fell to 55% of product revenue from prior year.
- Signed new $50M credit agreement with JPMorgan Chase to fund growth and emerging market expansion.
- Announced first Ultra PX contracts for Chinese lithium-ion battery wastewater treatment and PX G1300 for U.S. supermarket CO2 refrigeration.
- Megaproject channel revenue grew 28% in Q4 and 13% for the year; aftermarket up 15% YoY.

## SEC filing metadata
- accession: 0001421517-22-000036
- form_type: 8-K
- ticker: ERII
- cik: 0001421517
- company_name: Energy Recovery, Inc.
- filed_at: 2022-02-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1421517/000142151722000036/0001421517-22-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421517/000142151722000036/erii-20220224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001421517-22-000036
- JSON: https://secwatch.observer/filing/0001421517-22-000036.json
- Plain text: https://secwatch.observer/filing/0001421517-22-000036.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.