May 2023 Investor Presentation
Latest News
Energy Recovery Reports First Quarter 2023 Financial Results
Energy Recovery Awarded Over $8 Million in Desalination Contracts in Chile
Energy Recovery's PX G1300 Technology Unveiled as Key Component in Epta Group's Next-Generation CO2 Refrigeration System
Latest Presentation
Upcoming Event
2023 ERII Annual Meeting of Shareholders
Latest Financial Results
$13.4M
Revenue of $13.4 million, and within February 2023 guidance
60.9%
Lower gross margin of 60.9%, as compared to Q1’2022, driven mainly by an increase in pump and hydraulic turbocharger revenue in the original equipment manufacturer and aftermarket channels, and a decrease PX® Pressure Exchanger® revenue in the megaproject channel.
6%
Operating expenses grew 6% in the first quarter, as compared to Q4’2022, from growing sales and marketing expenditures in support of new businesses, and some variability in the timing of research and development expenses.
$8.1M
Loss from operations of $8.1 million primarily attributable to lower revenue and gross margin due to expected timing of megaproject shipments.
Source: Q1 2023 Earnings Release
For complete information regarding our financials, see our periodic filings
Latest Annual Filing
For Fiscal Year Ending Dec 31, 2022
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Innovative Technology Made to Solve Complex Issues
Energy Recovery (NASDAQ:ERII) creates technologies that solve complex challenges for commercial and industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make commercial and industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers' operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing and research and development facilities across California and Texas with sales and on-site technical support available globally.
Energy Recovery at a Glance
222
Employees
11
Countries with employees
$125M
Product Revenue
As of Dec. 31, 2022 • 2022 10-K
For complete information regarding our financials, see our periodic filings.
2022 Revenue Breakdown
Revenue by Operating Segment in FY2022
As of Dec. 31, 2022 • 10-K 2022
Revenue by Primary Geographic Markets in FY2022
As of Dec. 31, 2022 • 10-K 2022
YoY Product Revenue
(in thousands)
As of Dec. 31, 2022 • 10-K 2022
Environmentally and Socially Conscious with Every Decision
Creating innovative and sustainable energy recovery solutions to positively contribute to our environment is at the core of our business. That is why we continue to prioritize our award-winning Environmental, Social, and Governance (ESG) program in every part of our business.
Explore Our ESG Program
IR Contacts
Corporate Office
Energy Recovery
1717 Doolittle Drive
San Leandro, CA 94577
United States
Investor Relations
Energy Recovery
1717 Doolittle Drive
San Leandro, CA 94577
United States
346-382-6927
ir@energyrecovery.com
Transfer Agent
AST Financial
800-937-5449
help@astfinancial.com