secwatch.observer — SEC 8-K summary
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Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001421517-22-000120
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Recovery Q2 revenue $20.3M, net loss $2.4M; reaffirms FY revenue $130M
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- Revenue $20.3M, down 2% YoY; net loss per share $0.04 vs. income $0.02 in Q2 2021.
- Adjusted EBITDA $1.0M, down 64% YoY; operating loss $2.9M includes $1.3M VorTeq cessation expenses.
- Full year revenue guidance reaffirmed at $130M (25% YoY growth); gross margin expectations unchanged.
- First PX G1300 commissioned for CO2 refrigeration in southern Europe; second JDA signed with U.S. rack manufacturer.
- Share repurchases of $18.6M (1.0M shares) completed July 1; cash & investments $86.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151722000120/0001421517-22-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151722000120/erii-20220803.htm
  HTML page:      https://secwatch.observer/filing/0001421517-22-000120

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