August 2023 Investor Presentation
Latest News
Energy Recovery Establishes Corporate Emissions Reduction Target; Surpasses $5.9 Billion in Energy Savings for Customers According to Latest Sustainability Report
Energy Recovery Affirms FY 2023 Guidance, Continues Investments in Wastewater and CO2 Business Growth
Energy Recovery Awarded Nearly $17 Million in Desalination Contracts in the Gulf Region
Latest Presentation
Recent Event
Raymond James Sustainable Refrigeration Webinar
Latest Financial Results
Q2 2023
Quarter Ended Jun 30, 2023
$20.7M
Revenue of $20.7 million
65.4%
Gross margin of 65.4%, within the upper range of our guidance of 64% – 66% for the quarter for Water.
$16.1M
Operating expenses of $16.1 million, which included growing investments in sales and marketing, and research and development to support business expansion.
$2.6M
Loss from operations of $2.6 million primarily attributable to lower revenue and gross margin due to timing of revenue recognition of a megaproject shipment.
Source: Q2 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 sustainability efforts 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