Energy Recovery Inc
For the period ended Jun 30, 2024. Filed Jul 31, 2024.
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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.
Jun 30, 2024 · Filed Jul 31, 2024
ERII$7.33-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| Three Months Ended June 30, · Six Months Ended June 30, | ||||
|---|---|---|---|---|
| 2024 · 2023 · 2024 · 2023 | ||||
| (In thousands, except per share data) | ||||
| Revenue | $27,199 | $20,723 | $39,289 | $34,124 |
| Cost of revenue | 9,633 | 7,180 | 14,588 | 12,426 |
| Gross profit | 17,566 | 13,543 | 24,701 | 21,698 |
| Operating expenses: | ||||
| General and administrative | 9,532 | 7,269 | 17,098 | 14,335 |
| Sales and marketing | 6,104 | 5,092 | 12,256 | 9,986 |
| Research and development | 3,944 | 3,768 | 8,295 | 8,074 |
| Total operating expenses | 19,580 | 16,129 | 37,649 | 32,395 |
| Loss from operations | (2,014) | (2,586) | (12,948) | (10,697) |
| Other income (expense): | ||||
| Interest income | 1,663 | 782 | 3,105 | 1,403 |
| Other non-operating expense, net | (49) | (126) | (102) | (91) |
| Total other income, net | 1,614 | 656 | 3,003 | 1,312 |
| Loss before income taxes | (400) | (1,930) | (9,945) | (9,385) |
| Provision for (benefit from) income taxes | 242 | (265) | (1,043) | (1,424) |
| Net loss | $(642) | $(1,665) | $(8,902) | $(7,961) |
| Net loss per share: | ||||
| Basic | $ (0.01) | $ (0.03) | $ (0.16) | $ (0.14) |
| Diluted | $ (0.01) | $ (0.03) | $ (0.16) | $ (0.14) |
| Number of shares used in per share calculations: | ||||
| Basic and diluted | 57,366 | 56,363 | 57,234 | 56,296 |
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