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

Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0001421517-25-000116
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Recovery reports Q2 net income of $2.1M; revenue up 3% YoY to $28.1M
---------------------------------------------------------------------------

- Q2 revenue $28.1M (+3% YoY); net income $2.1M vs loss $0.6M in Q2 2024; EPS $0.04.
- Gross margin 64.0% (down 60 bps); operating income $1.5M (+173% YoY) driven by higher revenue and lower opex.
- Adjusted EBITDA $4.4M; adjusted EPS $0.07 (down from $0.09 YoY); management says results in-line with internal expectations.
- Cash & investments $93.7M; six-month net loss $7.8M improved from $8.9M loss.
- Operating expenses down 15.8% YoY due to lower employee and consulting costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151725000116/0001421517-25-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151725000116/erii-20250806.htm
  HTML page:      https://secwatch.observer/filing/0001421517-25-000116

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