Energy Recovery ( (ERII) ) has released its Q1 earnings. Here is a breakdown of the information Energy Recovery presented to its investors.
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Energy Recovery, Inc., a leader in energy efficiency technology, specializes in designing and manufacturing solutions that enhance energy efficiency and generate cost savings across various industries, with a strong presence in the desalination sector.
In its first quarter of 2025, Energy Recovery reported financial results that aligned with internal expectations, despite a notable decrease in revenue compared to the previous year. The company experienced a revenue decline to $8.1 million, attributed to the timing of revenue from contracted projects.
Key financial metrics revealed a gross margin of 55.3%, a decrease from the previous year, primarily due to reduced revenue spread over fixed costs. Operating expenses saw a slight reduction, but the company reported a net loss of $9.9 million, with an adjusted EBITDA loss of $8.7 million. Despite these challenges, the company maintained a robust cash and investment position of $106.7 million.
Looking ahead, Energy Recovery’s management remains focused on its strategic goals for 2025, emphasizing continued innovation and efficiency improvements to navigate the evolving market landscape.