secwatch.observer — SEC 8-K summary
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Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001421517-24-000190
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Recovery Q3 revenue $38.6M (upper end of $35-39M guide); net income $8.5M, down 12% YoY
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- Revenue of $38.6M, up 4% YoY, at top of $35-39M guidance range.
- Gross margin 65.1%, down 480bps due to higher manufacturing and product mix costs.
- Net income $8.5M ($0.15/share) vs $9.7M ($0.17) in Q3'23; adjusted EBITDA $11.6M.
- Cash and investments $139.9M; operating cash flow ($3.0M) vs $7.7M year ago.
- CEO to host Nov 18 webinar detailing five-year strategic plan for desalination, wastewater, CO2 refrigeration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151724000190/0001421517-24-000190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151724000190/erii-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001421517-24-000190

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