---
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"
generated_at: "2026-06-22T13:14:07.293601+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Energy Recovery Q3 revenue $30.5M (+47% YoY); net income $4.8M

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1421517/000142151722000149/0001421517-22-000149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421517/000142151722000149/erii-20221102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001421517-22-000149
- JSON: https://secwatch.observer/filing/0001421517-22-000149.json
- Plain text: https://secwatch.observer/filing/0001421517-22-000149.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1421517/000142151722000149/0001421517-22-000149-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1421517/000142151722000149/0001421517-22-000149-index.htm

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