Energy Recovery (ERII) Tops Q3 EPS by 4c
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Energy Recovery Reports Third Quarter 2015 Results
November 5, 2015 4:48 PM ESTTHIRD QUARTER HIGHLIGHTS:
Revenue increased 127% to $12.1 million in the current period, from $5.3 million in the third quarter of 2014 based on strengthening demand and sales in the global desalination market Gross margin improved to 59% from 44%, an increase of 1,500 basis points year-over-year Operating expenses of $7.4 million, down 5% year-over-year Net loss of $(0.3) million, or $(0.01) per share, in the current period, compared to net loss of $(5.5) million, or $(0.11) per share in prior year periodSAN LEANDRO, Calif., Nov. 5, 2015 (GLOBE NEWSWIRE) -- Energy Recovery Inc. (NASDAQ: ERII), the... More
Energy Recovery Reports Third Quarter 2015 Results
November 5, 2015 4:48 PM ESTTHIRD QUARTER HIGHLIGHTS:
Revenue increased 127% to $12.1 million in the current period, from $5.3 million in the third quarter of 2014 based on strengthening demand and sales in the global desalination market Gross margin improved to 59% from 44%, an increase of 1,500 basis points year-over-year Operating expenses of $7.4 million, down 5% year-over-year Net loss of $(0.3) million, or $(0.01) per share, in the current period, compared to net loss of $(5.5) million, or $(0.11) per share in prior year periodSAN LEANDRO, Calif., Nov. 5, 2015 (GLOBE NEWSWIRE) -- Energy Recovery Inc. (NASDAQ: ERII), the... More
