secwatch.observer — SEC 8-K summary
======================================

Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001421517-25-000076
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Recovery Q1 revenue falls 33% to $8.1M; net loss widens to $9.9M
-----------------------------------------------------------------------

- Revenue $8.1M, down 33% YoY from $12.1M, driven by timing of contracted projects.
- Gross margin 55.3%, down 370 bps from 59.0% due to lower revenue spread over fixed costs.
- Net loss $9.9M ($0.18 per share) vs. $8.3M loss in Q1'24; operating loss $12.6M.
- Adjusted EBITDA loss $8.7M; cash and investments $106.7M.
- Operating expenses down 5.8% to $17.0M; includes $0.5M restructuring and $0.4M impairment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151725000076/0001421517-25-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151725000076/erii-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001421517-25-000076

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