secwatch.observer — SEC 8-K summary
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Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001421517-23-000147
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151723000147/0001421517-23-000147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151723000147/erii-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001421517-23-000147

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