Energy Recovery Inc

For the period ended Mar 31, 2024. Filed May 1, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 1, 2024

ERII$7.33-0.8%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Balance Sheets

	March 31,2024	December 31,2023
(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$70,781	$68,098
Short-term investments	46,577	40,445
Accounts receivable, net	25,055	46,937
Inventories, net	31,671	26,149
Prepaid expenses and other assets	4,288	3,843
Total current assets	178,372	185,472
Long-term investments	12,137	13,832
Deferred tax assets, net	11,652	10,324
Property and equipment, net	17,889	18,699
Operating lease, right of use asset	11,038	11,469
Goodwill	12,790	12,790
Other assets, non-current	387	388
Total assets	$244,265	$252,974
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$3,492	$3,000
Accrued expenses and other liabilities	8,342	15,583
Lease liabilities	1,854	1,791
Contract liabilities	3,449	1,097
Total current liabilities	17,137	21,471
Lease liabilities, non-current	10,959	11,488
Other liabilities, non-current	132	207
Total liabilities	28,228	33,166
Commitments and contingencies (Note 7)
Stockholders’ equity:
Common stock	65	65
Additional paid-in capital	222,122	217,617
Accumulated other comprehensive loss	(60)	(44)
Treasury stock	(80,486)	(80,486)
Retained earnings	74,396	82,656
Total stockholders’ equity	216,037	219,808
Total liabilities and stockholders’ equity	$244,265	$252,974

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.