{"schema_version":"secwatch.filing_event.v1","accession":"0001421517-23-000189","form_type":"8-K","ticker":"ERII","cik":"0001421517","company_name":"Energy Recovery, Inc.","filed_at":"2023-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.017039+00:00","generated_at":"2026-06-09T02:18:26.481902+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Energy Recovery Q3 revenue $37.0M (beat guidance), up 22% YoY; net income up 102% to $9.7M","bullets":["Revenue $37.0M, beat upper end of guidance, up 22% YoY; gross margin 69.9% (up 80 bps).","Net income $9.7M (+102% YoY); adjusted EBITDA $12.0M; cash/investments $105.9M.","CO2 business: multiple new PX G1300 installations planned in Q4; repeat orders; advanced talks with supermarket chains.","Awarded Refrigeration Innovation of the Year for XTE with partner Epta.","Management sees growth in desalination and potential to double wastewater revenue in 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001421517-23-000189","json":"https://secwatch.observer/filing/0001421517-23-000189.json","markdown":"https://secwatch.observer/filing/0001421517-23-000189.md","text":"https://secwatch.observer/filing/0001421517-23-000189.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1421517/000142151723000189/0001421517-23-000189-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1421517/000142151723000189/erii-20231101.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T02:18:26.481902+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":"b721c1aca41c66f27298055307b6abbb482b6adb","claim":"Energy Recovery, Inc. updated its nine months ended September 30, 2023 guidance (reaffirmed).","evidence_excerpt":"On November 1, 2023, Energy Recovery, Inc. issued an earnings press release announcing its financial results for the third quarter and nine months ended September 30, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1421517/000142151723000189/0001421517-23-000189-index.htm","confidence":0.7,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended September 30, 2023"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c7797bf40489c23d016a3368b565c828efbe207f","claim":"Energy Recovery, Inc. reported third quarter ended September 30, 2023 results: revenue $37.0 million, net income $9.7 million, EPS $0.17.","evidence_excerpt":"(“Energy Recovery” or the “Company”) today announced its financial results for the third quarter and nine months ended September 30, 2023. Third Quarter Highlights • Revenue of $37.0 million, exceeding the upper end of our guidance which was attributed to an increase in megaproject revenues. • Gross margin of 69.9%, higher than our estimates due to a change in","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1421517/000142151723000189/0001421517-23-000189-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"$37.0 million"},{"label":"Net income","value":"$9.7 million"},{"label":"EPS","value":"$0.17"},{"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"}