Energy Recovery Inc
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
View on SEC.govAbout 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.
Sep 30, 2024 · Filed Oct 30, 2024
ERII$7.33-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| (In thousands) | ||
| Cash flows from operating activities: | ||
| Net (loss) income | $(421) | $1,699 |
| Adjustments to reconcile net (loss) income to cash provided by (used in) operating activities | ||
| Stock-based compensation | 8,512 | 5,811 |
| Depreciation and amortization | 3,050 | 3,075 |
| Right of use asset amortization | 1,317 | 1,223 |
| Accretion (amortization) of discounts (premiums) on investments | (1,049) | (613) |
| Deferred income taxes | (705) | (920) |
| Other non-cash adjustments | 307 | 241 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 15,060 | 10,756 |
| Contract assets | (882) | 1,720 |
| Inventories, net | (7,686) | (5,745) |
| Prepaid and other assets | (2,159) | (1,292) |
| Accounts payable | 879 | 1,043 |
| Accrued expenses and other liabilities | (6,467) | (4,966) |
| Contract liabilities | 1,811 | 240 |
| Net cash provided by operating activities | 11,567 | 12,272 |
| Cash flows from investing activities: | ||
| Sales of marketable securities | — | 2,966 |
| Maturities of marketable securities | 59,423 | 58,705 |
| Purchases of marketable securities | (80,490) | (78,949) |
| Capital expenditures | (1,194) | (1,179) |
| Proceeds from sales of fixed assets | 90 | 82 |
| Net cash used in investing activities | (22,171) | (18,375) |
| Cash flows from financing activities: | ||
| Net proceeds from issuance of common stock | 5,795 | 1,184 |
| Net cash provided by financing activities | 5,795 | 1,184 |
| Effect of exchange rate differences on cash and cash equivalents | (23) | 27 |
| Net change in cash, cash equivalents and restricted cash | (4,832) | (4,892) |
| Cash, cash equivalents and restricted cash, beginning of year | 68,225 | 56,458 |
| Cash, cash equivalents and restricted cash, end of period | $63,393 | $51,566 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.