earnings
confidence high
sentiment positive
materiality 0.70
Energy Recovery beats Q2 revenue guidance; reports $27.2M revenue, up 31% YoY
Energy Recovery, Inc.
2024-Q2 EPS reported
-$0.16
revenue$39,289,000
- Revenue of $27.2M exceeded guidance of $20-25M; up 31% YoY from $20.7M.
- Gross margin 64.6% down 80 bps YoY; operating expenses up 21.4% to $19.6M.
- Net loss improved to $0.6M from $1.7M; adjusted EBITDA $5.2M.
- Full-year revenue guidance reaffirmed at $140-150M; nine PX G1300 deployments commissioned.
- Cash and investments $138M; free cash flow $7.9M in Q2.