Trade Energy Recovery Inc - ERII CFD

Energy Recovery Company profile

About Energy Recovery, Inc.

Energy Recovery, Inc. creates technologies that solve challenges for industrial fluid-flow markets. The Company's segments include Water and Emerging Technologies. Water segment includes the continued development, sales and support of the Pressure Exchanger (PX), hydraulic turbochargers and pumps used in its seawater desalination and industrial wastewater activities. Emerging Technologies segment includes the continued development, sales and support of activities related to technologies, such as the VorTeq used in the oil and gas market, the ISOBoost used in natural gas processing, the PX G1300 used in industrial and commercial refrigeration applications and certain other new products. It designs and manufactures solutions that reduce waste and energy consumption across a range of industrial processes. Its solutions are marketed, sold in, or developed for, the fluid-flow and gas markets, such as water, industrial waste, oil and gas, chemical processing and refrigeration.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Energy Recovery, Inc. revenues decreased 13% to $103.9M. Net income decreased 46% to $14.3M. Revenues reflect Oil&Gas segment decrease of 100% to $53K, Americas segment decrease of 90% to $3.3M. Net income also reflects Other Sales and marketing increase of 48% to $10.7M (expense), Interest income decrease of 78% to $204K (income).

Equity composition

Common Stock $.001 par, 04/11, 200M auth., 52,603,629 issd. Insiders own 21.14%. IPO 2/7/08, 8.1Mshares @ $8.50 by Citi, HSBC. Credit Susie and Janney Montgomery Scott LLC.