Energy Recovery, Inc. (OQ:ERII)

Business Focus: Industrial Machinery

Sector:  Industrials Industry:  Industrial Machinery & Equipment
See Regulatory Filings on SEC
Company Contact
Address: 1717 Doolittle Dr
SAN LEANDRO CA 94577-2231
Tel: N/A
IR: See website
Key People
Yu Lang Mao
Independent Chairman of the Board
Chris M. Gannon
President, Chief Executive Officer, Director
Joshua Ballard
Chief Financial Officer
Nocair Bensalah
Vice President - Operations
Rodney Clemente
Vice President - Water
Eric O. Siebert
Vice President - Oil and Gas
Emily C. Smith
Vice President - Corporate Development
William W. Yeung
General Counsel
Business Overview
Energy Recovery, Inc. is an energy solutions provider to industrial fluid flow markets. The Company's solutions convert wasted pressure energy into a reusable asset and preserve or eliminate pumping technology in hostile processing environments. Its segments include Water, Oil & Gas, and Corporate. The Water Segment focuses on products sold for use in reverse osmosis water desalination. The Oil & Gas Segment consists of products sold for use in hydraulic fracturing, gas processing, and chemical processing. The Company offers energy recovery devices (ERDs) in the water desalination market with its pressure exchanger (PX) and turbocharger technologies. The Company offers VorTeq hydraulic fracturing system, IsoBoost, and IsoGen product lines to the oil and gas market. The Company's customers include engineering, procurement and construction companies, original equipment manufacturers, international oil companies, national oil companies, and exploration and production companies.
Financial Overview
For the six months ended 30 June 2019, Energy Recovery, Inc. revenues increased 23% to $42.6M. Net income decreased 58% to $6.4M. Revenues reflect Product revenue increase of 24% to $35.3M, License and development revenue increase of 19% to $7.3M. Net income was offset by Corporate segment loss increase of 9% to $9.9M. Basic Earnings per Share excluding Extraordinary Items decreased from $0.28 to $0.12.
Employees: 143 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $384.66M as of Jun 30, 2019
Annual revenue (TTM): $82.54M as of Jun 30, 2019
EBITDA (TTM): $17.55M as of Jun 30, 2019
Net annual income (TTM): $13.45M as of Jun 30, 2019
Free cash flow (TTM): $0.85M as of Jun 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 54,964,637 as of Jul 26, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization