Energy Recovery Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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, | |||
|---|---|---|---|
| 2024 · 2023 · 2022 | |||
| (In thousands, except per share data) | |||
| Revenue | $144,948 | $128,349 | $125,591 |
| Cost of revenue | 48,015 | 41,270 | 38,235 |
| Gross profit | 96,933 | 87,079 | 87,356 |
| Operating expenses: | |||
| General and administrative | 33,074 | 28,864 | 28,341 |
| Sales and marketing | 25,423 | 22,164 | 16,277 |
| Research and development | 16,236 | 17,001 | 17,909 |
| Restructuring charges | 2,476 | — | — |
| Total operating expenses | 77,209 | 68,029 | 62,527 |
| Income from operations | 19,724 | 19,050 | 24,829 |
| Other income (expense): | |||
| Interest income | 6,218 | 3,756 | 908 |
| Other non-operating income (expense), net | (207) | (101) | 334 |
| Total other income, net | 6,011 | 3,655 | 1,242 |
| Income before income taxes | 25,735 | 22,705 | 26,071 |
| Provision for income taxes | 2,685 | 1,201 | 2,022 |
| Net income | $23,050 | $21,504 | $24,049 |
| Net income per share: | |||
| Basic | $ 0.40 | $ 0.38 | $ 0.43 |
| Diluted | $ 0.40 | $ 0.37 | $ 0.42 |
| Number of shares used in per share calculations: | |||
| Basic | 57,213 | 56,444 | 56,221 |
| Diluted | 57,822 | 57,740 | 57,641 |
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