{"schema_version":"secwatch.filing_event.v1","accession":"0001421517-24-000092","form_type":"8-K","ticker":"ERII","cik":"0001421517","company_name":"Energy Recovery, Inc.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.345443+00:00","generated_at":"2026-06-03T02:38:06.399020+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Energy Recovery reports Q1 2024 revenue of $12.1M, net loss of $8.3M, reaffirms full-year guidance","bullets":["Revenue of $12.1 million in line with February 2024 guidance of $10-13 million.","Gross margin 59.0%, down 190 bps from Q1 2023 due to higher manufacturing costs and inventory scrap.","Net loss of $8.3 million compared to $6.3 million loss in Q1 2023; adjusted EBITDA loss of $6.2 million.","Signed contracts with potential revenue equal to 60% of 2024 guidance midpoint, up 26% over same period in 2023.","CO2 business completed a 30-day field test of next-generation PX G1300 in Europe and testing with partner Vallarta in California."],"urls":{"canonical":"https://secwatch.observer/filing/0001421517-24-000092","json":"https://secwatch.observer/filing/0001421517-24-000092.json","markdown":"https://secwatch.observer/filing/0001421517-24-000092.md","text":"https://secwatch.observer/filing/0001421517-24-000092.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1421517/000142151724000092/0001421517-24-000092-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1421517/000142151724000092/erii-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T02:38:06.399020+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":"9c5913f8ccf13a76bb40003c1bb42af46c0948c8","claim":"Energy Recovery, Inc. reported financial results for first quarter ended March 31, 2024.","evidence_excerpt":"On May 1, 2024, Energy Recovery, Inc. (the “Company”) issued an earnings press release announcing its financial results for the first quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1421517/000142151724000092/0001421517-24-000092-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"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"}