Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Energy Recovery, Inc. reported the nine months ended September 30, 2022 results: revenue $83.3, net income $10.3, EPS $0.18.
- Period
- the nine months ended September 30, 2022
- Revenue
- $83.3
- Net income
- $10.3
- EPS
- $0.18
- Result
- reported results
Exact text from the filing
Fiscal Year (Year to Date) GAAP Non-GAAP (1) 2022 2021 2022 vs. 2021 2022 2021 2022 vs. 2021 (In millions, except net income per share, percentages and basis points) Revenue $83.3 $70.3 up 18% $83.3 $70.3 up 18% Gross margin 69.0% 68.4% up 60 bps 69.4% 68.8% up 60 bps Operating margin 12.3% 11.2% up 110 bps 20.3% 17.7% up 260 bps Net income $10.3 $9.0 up 15% $15.8 $11.2 up 41% Net income per share $0.18 $0.15 up 20% $0.28 $0.20 up 40% Effective tax rate 3.5% (12.4%) 9.1% 11.0% Adjusted EBITDA $19.8 $15.5 up 28% Free cash flow $3.3 $2.4
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Energy Recovery, Inc. reported the third quarter ended September 30, 2022 results: revenue $30.5 million, net income $4.8 million, EPS $0.08 per share.
- Period
- the third quarter ended September 30, 2022
- Revenue
- $30.5 million
- Net income
- $4.8 million
- EPS
- $0.08 per share
- Result
- reported results
Exact text from the filing
Third Quarter Highlights: • Revenue of $30.5 million. Full year revenue guidance of $121–$125 million, or 16%–20% year-on-year growth, within gross margin expectations guided last year. • Income from operations of $4.9 million and adjusted income from operations (1) of $6.8 million. • Net income of $4.8 million, or $0.08 per share, and adjusted net income per share (1) of $0.12.
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