Energy Recovery, Inc.
For the period ended Mar 31, 2025. Filed May 7, 2025.
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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.
Mar 31, 2025 · Filed May 7, 2025
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 March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (In thousands, except per share data) | ||
| Revenue | $8,065 | $12,090 |
| Cost of revenue | 3,607 | 4,955 |
| Gross profit | 4,458 | 7,135 |
| Operating expenses: | ||
| General and administrative | 8,574 | 7,566 |
| Sales and marketing | 4,906 | 6,152 |
| Research and development | 3,001 | 4,351 |
| Restructuring charges | 539 | — |
| Total operating expenses | 17,020 | 18,069 |
| Loss from operations | (12,562) | (10,934) |
| Other income (expense): | ||
| Interest income | 1,073 | 1,442 |
| Other non-operating income (expense), net | 6 | (53) |
| Total other income, net | 1,079 | 1,389 |
| Loss before income taxes | (11,483) | (9,545) |
| Benefit from income taxes | (1,603) | (1,285) |
| Net loss | $(9,880) | $(8,260) |
| Net loss per share: | ||
| Basic | $ (0.18) | $ (0.14) |
| Diluted | $ (0.18) | $ (0.14) |
| Number of shares used in per share calculations: | ||
| Basic and diluted | 54,902 | 57,102 |
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