Energy Recovery Inc
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
ERII$7.39+3.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 · 2022 · 2021 | |||
| (In thousands, except per share data) | |||
| Revenue | $128,349 | $125,591 | $103,904 |
| Cost of revenue | 41,270 | 38,235 | 32,670 |
| Gross profit | 87,079 | 87,356 | 71,234 |
| Operating expenses: | |||
| General and administrative | 28,864 | 28,341 | 25,174 |
| Sales and marketing | 22,164 | 16,277 | 12,160 |
| Research and development | 17,001 | 17,909 | 20,069 |
| Total operating expenses | 68,029 | 62,527 | 57,403 |
| Income from operations | 19,050 | 24,829 | 13,831 |
| Other income (expense): | |||
| Interest income | 3,756 | 908 | 204 |
| Other non-operating income (expense), net | (101) | 334 | (31) |
| Total other income, net | 3,655 | 1,242 | 173 |
| Income before income taxes | 22,705 | 26,071 | 14,004 |
| Provision for (benefit from) income taxes | 1,201 | 2,022 | (265) |
| Net income | $21,504 | $24,049 | $14,269 |
| Net income per share: | |||
| Basic | $ 0.38 | $ 0.43 | $ 0.25 |
| Diluted | $ 0.37 | $ 0.42 | $ 0.24 |
| Number of shares used in per share calculations: | |||
| Basic | 56,444 | 56,221 | 56,993 |
| Diluted | 57,740 | 57,641 | 58,723 |
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