Energy Recovery, Inc. (OQ:ERII)

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
Chairman of the Board, Interim President, Chief Executive Officer
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 nine months ended 30 September 2019, Energy Recovery, Inc. revenues increased 19% to $67.4M. Net income decreased 41% to $11.5M. Revenues reflect Product revenue increase of 21% to $57.1M, License and development revenue increase of 6% to $10.4M. Net income was offset by Corporate segment loss increase of 9% to $9.9M. Basic Earnings per Share excluding Extraordinary Items decreased from $0.37 to $0.21.
Employees: 143 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $478.09M as of Sep 30, 2019
Annual revenue (TTM): $85.15M as of Sep 30, 2019
EBITDA (TTM): $17.11M as of Sep 30, 2019
Net annual income (TTM): $13.94M as of Sep 30, 2019
Free cash flow (TTM): -$10.39M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 55,115,628 as of Oct 25, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization