secwatch.observer — SEC 8-K summary
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Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0001421517-25-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Recovery Q4 revenue $67.1M (+17% YoY); net income $23.5M; margin expands
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- Q4 2024 revenue of $67.1M, up 17% YoY; full-year revenue $144.9M at midpoint of guidance.
- GAAP net income $23.5M ($0.41 per share); adjusted net income $28.3M ($0.50 per share).
- Gross margin improved to 70.2% (+110 bps YoY) due to manufacturing transformation benefits.
- Operating expenses $21.5M, including $2.5M restructuring costs from workforce reduction and exec transition.
- Cash and investments $99.9M; management to provide 2025 outlook in shareholder letter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151725000047/0001421517-25-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151725000047/erii-20250226.htm
  HTML page:      https://secwatch.observer/filing/0001421517-25-000047

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