---
schema_version: "secwatch.filing_event.v1"
accession: "0001421517-23-000147"
form_type: "8-K"
ticker: "ERII"
cik: "0001421517"
company_name: "Energy Recovery, Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T12:38:41.676398+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Energy Recovery Q2 rev $20.7M, net loss $1.7M; reaffirms FY2023 guidance

## Summary
- Revenue $20.7M (up 2% YoY) within lower end of guidance; $5.7M megaproject shipment delayed to Q3.
- Gross margin 65.4% at upper end of 64%-66% guidance range.
- Loss from operations $2.6M; net loss $1.7M ($0.03 loss per share).
- Adjusted EBITDA $0.2M; cash and investments $97.5M.
- Company affirms full-year 2023 revenue guidance; desalination and wastewater on track.

## SEC filing metadata
- accession: 0001421517-23-000147
- form_type: 8-K
- ticker: ERII
- cik: 0001421517
- company_name: Energy Recovery, Inc.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1421517/000142151723000147/0001421517-23-000147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421517/000142151723000147/erii-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001421517-23-000147
- JSON: https://secwatch.observer/filing/0001421517-23-000147.json
- Plain text: https://secwatch.observer/filing/0001421517-23-000147.txt

## Key facts
- Earnings Releases
  Energy Recovery, Inc. reported second quarter and six months ended June 30, 2023 results: revenue $20.7 million, net income ($1.7 million), EPS ($0.03). Guidance reaffirmed.
  - Period: second quarter and six months ended June 30, 2023
  - Revenue: $20.7 million
  - Net income: ($1.7 million)
  - EPS: ($0.03)
  - Guidance: reaffirmed
  - Result: reported results
  source text: (“Energy Recovery” or the “Company”) today announced its financial results for the second quarter and six months ended June 30, 2023. Second Quarter Highlights • Revenue of $20.7 million, within the lower end of guidance. Revenue was lower due to a timing delay of a $5.7 million megaproject shipment that will subsequently be recognized in the third quarter. •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421517/000142151723000147/0001421517-23-000147-index.htm

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