Energy Recovery (ERII) Tops Q1 EPS by 1c

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Go back to Energy Recovery (ERII) Tops Q1 EPS by 1c

Energy Recovery Reports First Quarter 2016 Results

May 4, 2016 6:53 PM EDT

FIRST QUARTER SUMMARY:

Record quarter total gross margin of 67.5%(1)Total revenue increased 93% year-over-year to $11.3 millionProduct gross margin increased to 63.4% from 56.8%, an increase of 660 basis points year-over-yearOperating expenses decreased 14% year-over-year to $9.8 millionNet loss of $(2.0) million, or $(0.04) per share compared to net loss of $(8.3) million, or $(0.16) per share, in the prior year quarterAdjusted net loss of $(1.0) million, or $(0.02) per share compared to adjusted net loss of $(5.2) million, or $(0.10) per share, in the prior year quarter(1)

SAN LEANDRO, Calif., May 04, 2016 (GLOBE NEWSWIRE) -- Energy Recovery Inc.... More