Financial Information

Latest Financial Results

Q1 2023

Quarter Ended Mar 31, 2023


Revenue of $13.4 million, and within February 2023 guidance


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.


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.


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

Balance Sheet

Includes Current Assets, Liabilities and Stockholder's Equity

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Income Statement

Includes Total Net Sales, Cost & Expenses and Earnings per share

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Cash Flow

Includes Net Income, Adjustments, and Cash flows from investing & financing activities

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