secwatch.observer — SEC 8-K summary
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Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001421517-23-000189
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Recovery Q3 revenue $37.0M (beat guidance), up 22% YoY; net income up 102% to $9.7M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151723000189/0001421517-23-000189-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151723000189/erii-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001421517-23-000189

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