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Stock impact report

Energy Recovery Reports its First Quarter 2025 Financial Results

Energy Recovery, Inc. (ERII) 
Last energy recovery, inc. earnings: 4/30 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.energyrecovery.com
Company Research Source: Business Wire
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the first quarter ended March 31, 2025.First Quarter HighlightsQ1’25 financial results were in-line with internal expectations and consistent with our communicated expectations for quarterly revenue cadence in 2025.Revenue of $8.1 million, a decrease of $4.0 million as compared to Q1’2024 due to timing of revenue from contracted projects.Gross margin of 55.3%, a decrease of 370 bps, as compared to Q1’2024, due primarily to a decrease in revenue spread over fixed costs.Operating expenses of $17.0 million, a decrease of 5.8%, as compared to Q1’2024, due primarily to a decrease in employee costs, partially offset by $0.5 million of restructuring charges, $0.4 million of impairment costs, and an increase in costs related to our manufacturing transformation.Loss from operations of $12.6 million, a decrease of 14.9%, as compared to Q1’2 Show less Read more
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