{"schema_version":"secwatch.filing_event.v1","accession":"0001421517-22-000149","form_type":"8-K","ticker":"ERII","cik":"0001421517","company_name":"Energy Recovery, Inc.","filed_at":"2022-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.598569+00:00","generated_at":"2026-06-22T13:14:07.293601+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Energy Recovery Q3 revenue $30.5M (+47% YoY); net income $4.8M","bullets":["Revenue $30.5M, up 47% YoY; gross margin 69.1% vs 70.6% prior year.","Net income $4.8M ($0.08 EPS) vs $1.1M ($0.02); adjusted EPS $0.12.","Adjusted EBITDA $7.7M, up 109% YoY.","FY 2022 revenue guidance $121-$125M (16-20% growth).","Installed PX G1300 at Vallarta Supermarkets; shipping units for refrigeration."],"urls":{"canonical":"https://secwatch.observer/filing/0001421517-22-000149","json":"https://secwatch.observer/filing/0001421517-22-000149.json","markdown":"https://secwatch.observer/filing/0001421517-22-000149.md","text":"https://secwatch.observer/filing/0001421517-22-000149.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1421517/000142151722000149/0001421517-22-000149-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1421517/000142151722000149/erii-20221102.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T13:14:07.293601+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5a38612f1b62f6d2d57ebd56353a39c31f8b9d8a","claim":"Energy Recovery, Inc. reported the nine months ended September 30, 2022 results: revenue $83.3, net income $10.3, EPS $0.18.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1421517/000142151722000149/0001421517-22-000149-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended September 30, 2022"},{"label":"Revenue","value":"$83.3"},{"label":"Net income","value":"$10.3"},{"label":"EPS","value":"$0.18"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b38deae75ffb6c4c2be65d1c1b332fee1fea03d7","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1421517/000142151722000149/0001421517-22-000149-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2022"},{"label":"Revenue","value":"$30.5 million"},{"label":"Net income","value":"$4.8 million"},{"label":"EPS","value":"$0.08 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}