Investor Relations

Latest Financial Results

May 1, 2024 • 4:00 PM EDT

Q1 2024 Quarterly Results

Quarter Ended Mar 31, 2024

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$12.1M

Revenue of $12.1 million, which is in-line with our February 2024 guidance.

59.0%

Gross margin of 59.0%, a decrease of 190 bps, as compared to Q1’2023, due primarily to higher manufacturing costs and an increase in inventory scrap.

$18.1M

Operating expenses of $18.1 million, an increase of 11%, as compared to Q1’2023, due primarily to increased investments within sales and marketing and Executive transition costs.

$129.5M

Cash and investments of $129.5 million, which include cash, cash equivalents, and short- and long-term investments.

For complete information regarding our financials, see our periodic filings

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Latest Presentation

November 2023 Investor Presentation

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Upcoming Event

2024 ERII Annual Meeting of Shareholders

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Latest Financial Results

Q1 2024

Quarter Ended Mar 31, 2024

$12.1M

Revenue of $12.1 million, which is in-line with our February 2024 guidance.

59.0%

Gross margin of 59.0%, a decrease of 190 bps, as compared to Q1’2023, due primarily to higher manufacturing costs and an increase in inventory scrap.

$18.1M

Operating expenses of $18.1 million, an increase of 11%, as compared to Q1’2023, due primarily to increased investments within sales and marketing and Executive transition costs.

$129.5M

Cash and investments of $129.5 million, which include cash, cash equivalents, and short- and long-term investments.

For complete information regarding our financials, see our periodic filings

Latest Annual Filing

For Fiscal Year Ending Dec 31, 2023

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Innovative Technology Made to Solve Complex Issues

Energy Recovery (NASDAQ:ERII) is a trusted global leader in energy efficiency technology. Building on our pressure exchanger technology platform, we design and manufacture reliable, high-performance solutions that generate cost savings and increase energy efficiency across several industries. With a strong foundation in the desalination industry, Energy Recovery has delivered transformative solutions that increase operational efficiency and provide a positive environmental impact to our customers worldwide for more than 30 years. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research, and development facilities across California and Texas, with sales and on-site technical support available globally.

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Energy Recovery at a Glance

269

Employees

12

Countries with employees

$128M

Product Revenue

As of Dec. 31, 2023 • 2023 10-K

For complete information regarding our financials, see our periodic filings.

2023 Revenue Breakdown

Revenue by Operating Segment in FY2023

As of Dec. 31, 2023 • 10-K 2023

Revenue by Primary Geographic Markets in FY2023

As of Dec. 31, 2023 • 10-K 2023

YoY Product Revenue

(in thousands)

As of Dec. 31, 2023 • 10-K 2023

Environmentally and Socially Conscious with Every Decision

Sustainability is at the core of what we do. In addition to developing and manufacturing solutions that help our customers reduce their emissions, we are dedicated to applying the principles of sustainability to our own operations.

Explore our Sustainability 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