Energy Recovery, Inc. (NASDAQ: ERII) reported Q2 EPS of ($0.03), $0.03 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $8.6 million versus the consensus estimate of $6.94 million.

Tom Rooney, President and Chief Executive Officer, remarked, "While not a surprise given the historical lumpiness of global desalination, our revenue performance was nonetheless disappointing. This quarter's revenue ranks as the lowest of all second quarters since 2008 and yet, the long-term fundamentals of the global desalination market remain strong. This is precisely why our focus remains on accelerating the commercialization of our oil & gas products and investing heavily in research and development to identify and penetrate increasingly attractive markets. In short, our energy level and enthusiasm about the future have never been higher, nor have our focus and resolve to execute against our strategy."

For earnings history and earnings-related data on Energy Recovery, Inc. (ERII) click here.