Energy Recovery Inc

For the period ended Sep 30, 2024. Filed Oct 30, 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.

Sep 30, 2024 · Filed Oct 30, 2024

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

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Condensed Consolidated Statements of Operations

Three Months Ended September 30, · Nine Months Ended September 30,
2024 · 2023 · 2024 · 2023
(In thousands, except per share data)
Revenue	$38,584	$37,036	$77,873	$71,160
Cost of revenue	13,472	11,154	28,060	23,580
Gross profit	25,112	25,882	49,813	47,580
Operating expenses:
General and administrative	7,673	7,369	24,771	21,704
Sales and marketing	6,413	5,411	18,669	15,397
Research and development	3,969	3,969	12,264	12,043
Total operating expenses	18,055	16,749	55,704	49,144
Income (loss) from operations	7,057	9,133	(5,891)	(1,564)
Other income (expense):
Interest income	1,711	1,083	4,816	2,486
Other non-operating income (expense), net	57	(38)	(45)	(129)
Total other income, net	1,768	1,045	4,771	2,357
Income (loss) before income taxes	8,825	10,178	(1,120)	793
Provision for (benefit from) income taxes	344	518	(699)	(906)
Net income (loss)	$8,481	$9,660	$(421)	$1,699
Net income (loss) per share:
Basic	$ 0.15	$ 0.17	$ (0.01)	$ 0.03
Diluted	$ 0.15	$ 0.17	$ (0.01)	$ 0.03
Number of shares used in per share calculations:
Basic	57,756	56,443	57,409	56,346
Diluted	58,290	57,969	57,409	57,761

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