Energy Recovery Inc
NASDAQ:ERII
Income Statement
Earnings Waterfall
Energy Recovery Inc
Revenue
|
128.3m
USD
|
Cost of Revenue
|
-41.3m
USD
|
Gross Profit
|
87.1m
USD
|
Operating Expenses
|
-68m
USD
|
Operating Income
|
19.1m
USD
|
Other Expenses
|
2.5m
USD
|
Net Income
|
21.5m
USD
|
Income Statement
Energy Recovery Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
43
N/A
|
41
-6%
|
38
-5%
|
39
+1%
|
30
-22%
|
32
+7%
|
36
+13%
|
43
+19%
|
45
+3%
|
50
+12%
|
53
+5%
|
53
+0%
|
58
+9%
|
61
+5%
|
62
+1%
|
66
+8%
|
69
+4%
|
68
-1%
|
75
+10%
|
80
+7%
|
75
-7%
|
81
+8%
|
83
+3%
|
85
+3%
|
87
+2%
|
89
+2%
|
110
+23%
|
112
+2%
|
119
+6%
|
126
+6%
|
103
-18%
|
97
-6%
|
104
+7%
|
108
+3%
|
107
0%
|
117
+9%
|
126
+7%
|
106
-15%
|
107
+0%
|
113
+6%
|
128
+13%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(17)
|
(16)
|
(16)
|
(17)
|
(14)
|
(15)
|
(16)
|
(18)
|
(19)
|
(20)
|
(20)
|
(19)
|
(18)
|
(19)
|
(18)
|
(18)
|
(19)
|
(18)
|
(20)
|
(21)
|
(18)
|
(20)
|
(19)
|
(19)
|
(20)
|
(21)
|
(22)
|
(25)
|
(28)
|
(32)
|
(32)
|
(30)
|
(33)
|
(33)
|
(33)
|
(36)
|
(38)
|
(34)
|
(34)
|
(36)
|
(41)
|
|
Gross Profit |
26
N/A
|
25
-3%
|
23
-9%
|
22
-2%
|
17
-25%
|
18
+7%
|
20
+14%
|
25
+24%
|
26
+2%
|
30
+17%
|
33
+11%
|
34
+3%
|
40
+16%
|
42
+6%
|
44
+3%
|
48
+10%
|
50
+4%
|
51
+1%
|
55
+9%
|
60
+8%
|
57
-5%
|
61
+8%
|
64
+4%
|
66
+3%
|
67
+1%
|
68
+2%
|
87
+29%
|
88
+0%
|
91
+4%
|
95
+5%
|
71
-25%
|
66
-7%
|
71
+7%
|
74
+4%
|
74
0%
|
81
+9%
|
87
+8%
|
72
-17%
|
73
+0%
|
77
+7%
|
87
+12%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(28)
|
(27)
|
(28)
|
(29)
|
(35)
|
(41)
|
(42)
|
(42)
|
(37)
|
(36)
|
(35)
|
(37)
|
(37)
|
(36)
|
(37)
|
(37)
|
(41)
|
(43)
|
(44)
|
(47)
|
(47)
|
(47)
|
(50)
|
(53)
|
(56)
|
(60)
|
(60)
|
(59)
|
(57)
|
(58)
|
(55)
|
(55)
|
(57)
|
(58)
|
(62)
|
(64)
|
(63)
|
(64)
|
(64)
|
(64)
|
(68)
|
|
Selling, General & Administrative |
(23)
|
(22)
|
(22)
|
(22)
|
(25)
|
(29)
|
(31)
|
(31)
|
(29)
|
(27)
|
(26)
|
(27)
|
(26)
|
(26)
|
(26)
|
(25)
|
(27)
|
(28)
|
(28)
|
(29)
|
(29)
|
(29)
|
(30)
|
(31)
|
(32)
|
(34)
|
(33)
|
(33)
|
(34)
|
(34)
|
(36)
|
(36)
|
(37)
|
(38)
|
(40)
|
(44)
|
(45)
|
(47)
|
(48)
|
(49)
|
(51)
|
|
Research & Development |
(4)
|
(5)
|
(5)
|
(6)
|
(10)
|
(11)
|
(11)
|
(10)
|
(8)
|
(8)
|
(9)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(13)
|
(15)
|
(15)
|
(17)
|
(17)
|
(17)
|
(19)
|
(22)
|
(23)
|
(20)
|
(20)
|
(19)
|
(23)
|
(21)
|
(19)
|
(19)
|
(20)
|
(20)
|
(21)
|
(21)
|
(18)
|
(17)
|
(16)
|
(16)
|
(17)
|
|
Depreciation & Amortization |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(6)
|
(7)
|
(6)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(3)
N/A
|
(2)
+21%
|
(5)
-151%
|
(7)
-29%
|
(19)
-165%
|
(23)
-23%
|
(22)
+6%
|
(16)
+24%
|
(12)
+28%
|
(6)
+50%
|
(2)
+64%
|
(3)
-19%
|
3
N/A
|
6
+74%
|
6
+9%
|
11
+65%
|
9
-14%
|
8
-18%
|
11
+43%
|
13
+19%
|
10
-22%
|
14
+40%
|
14
-2%
|
13
-8%
|
10
-18%
|
8
-25%
|
27
+252%
|
29
+6%
|
34
+16%
|
37
+11%
|
16
-56%
|
12
-29%
|
14
+19%
|
16
+15%
|
13
-20%
|
16
+27%
|
25
+53%
|
8
-66%
|
9
+4%
|
13
+48%
|
19
+46%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
2
|
3
|
4
|
|
Non-Reccuring Items |
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
|
Pre-Tax Income |
(3)
N/A
|
(2)
+30%
|
(5)
-167%
|
(7)
-31%
|
(18)
-170%
|
(23)
-25%
|
(22)
+6%
|
(17)
+24%
|
(12)
+28%
|
(6)
+51%
|
(2)
+64%
|
(2)
-13%
|
4
N/A
|
6
+72%
|
7
+9%
|
11
+63%
|
10
-12%
|
8
-15%
|
12
+42%
|
14
+19%
|
11
-19%
|
16
+38%
|
16
-1%
|
15
-6%
|
12
-16%
|
10
-22%
|
27
+177%
|
28
+4%
|
32
+16%
|
38
+18%
|
17
-56%
|
12
-28%
|
14
+17%
|
16
+15%
|
13
-19%
|
17
+28%
|
26
+56%
|
10
-61%
|
11
+8%
|
16
+45%
|
23
+40%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
1
|
1
|
1
|
0
|
(0)
|
(0)
|
(1)
|
8
|
9
|
20
|
19
|
11
|
10
|
(2)
|
(1)
|
(1)
|
(1)
|
(5)
|
(5)
|
(6)
|
(5)
|
0
|
1
|
0
|
(1)
|
(1)
|
(1)
|
(2)
|
(0)
|
(1)
|
(1)
|
(1)
|
|
Income from Continuing Operations |
(3)
|
(2)
|
(5)
|
(7)
|
(19)
|
(23)
|
(22)
|
(17)
|
(12)
|
(5)
|
(2)
|
(2)
|
4
|
6
|
7
|
11
|
18
|
17
|
32
|
33
|
22
|
25
|
13
|
14
|
11
|
9
|
22
|
22
|
26
|
33
|
17
|
12
|
14
|
15
|
12
|
16
|
24
|
10
|
11
|
15
|
22
|
|
Net Income (Common) |
(3)
N/A
|
(2)
+27%
|
(5)
-138%
|
(7)
-30%
|
(19)
-164%
|
(23)
-25%
|
(22)
+5%
|
(17)
+23%
|
(12)
+31%
|
(5)
+54%
|
(2)
+71%
|
(2)
-16%
|
4
N/A
|
6
+65%
|
7
+8%
|
11
+62%
|
18
+73%
|
17
-7%
|
32
+86%
|
33
+4%
|
22
-33%
|
25
+15%
|
13
-47%
|
14
+4%
|
11
-22%
|
9
-19%
|
22
+149%
|
22
+1%
|
26
+18%
|
33
+24%
|
17
-49%
|
12
-26%
|
14
+15%
|
15
+7%
|
12
-22%
|
16
+31%
|
24
+54%
|
10
-59%
|
11
+7%
|
15
+46%
|
22
+39%
|
|
EPS (Diluted) |
-0.07
N/A
|
-0.05
+29%
|
-0.11
-120%
|
-0.14
-27%
|
-0.36
-157%
|
-0.45
-25%
|
-0.42
+7%
|
-0.32
+24%
|
-0.22
+31%
|
-0.1
+55%
|
-0.03
+70%
|
-0.03
N/A
|
0.07
N/A
|
0.1
+43%
|
0.11
+10%
|
0.18
+64%
|
0.33
+83%
|
0.31
-6%
|
0.57
+84%
|
0.59
+4%
|
0.4
-32%
|
0.45
+13%
|
0.24
-47%
|
0.25
+4%
|
0.19
-24%
|
0.16
-16%
|
0.39
+144%
|
0.4
+3%
|
0.47
+18%
|
0.55
+17%
|
0.3
-45%
|
0.22
-27%
|
0.24
+9%
|
0.26
+8%
|
0.2
-23%
|
0.27
+35%
|
0.42
+56%
|
0.17
-60%
|
0.18
+6%
|
0.26
+44%
|
0.37
+42%
|