---
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"
generated_at: "2026-06-03T02:38:06.399020+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Energy Recovery reports Q1 2024 revenue of $12.1M, net loss of $8.3M, reaffirms full-year guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001421517-24-000092
- JSON: https://secwatch.observer/filing/0001421517-24-000092.json
- Plain text: https://secwatch.observer/filing/0001421517-24-000092.txt

## Key facts
- Earnings Releases
  Energy Recovery, Inc. reported financial results for first quarter ended March 31, 2024.
  - Period: first quarter ended March 31, 2024
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1421517/000142151724000092/0001421517-24-000092-index.htm

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