Energy Recovery (ERII) Misses Q1 EPS by 13c
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Energy Recovery Reports Unaudited Financial Results for the Fourth Quarter and Fiscal Year of 2014
March 5, 2015 5:01 PM ESTFOURTH QUARTER SUMMARY:
Total revenue decreased by 36% to $14.8 million in the current period, from $23.2 million in the fourth quarter of 2013 Gross profit margin was 61% in the current period, compared to 63% in the fourth quarter of 2013, as a result of lower production levels and, to a lesser extent, a shift in mix Operating expenses increased by $6.0 million, or 78%, from $7.8 million in the fourth quarter of 2013 to $13.8 million in the current period due to an increase in research & development and legal expenses Net loss of $(4.9) million, or $(0.09) per share, in the current period,... More