Energy Recovery, Inc. (ERII)

Energy Recovery Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	127.04	128.35	125.59	103.9	118.99	86.94
Revenue Growth (YoY)	19.35%	2.20%	20.87%	-12.68%	36.86%	16.68%
Cost of Revenue	40.98	41.27	38.24	32.67	28.25	20.34
Gross Profit	86.06	87.08	87.36	71.23	90.74	66.61
Selling, General & Admin	52.79	51.03	44.62	37.33	33.66	32.27
Research & Development	17.05	17	17.91	20.07	23.45	23.4
Other Operating Expenses	0	0	0	0	2.33	0.58
Operating Expenses	69.83	68.03	62.53	57.4	59.44	56.24
Operating Income	16.23	19.05	24.83	13.83	31.29	10.36
Other Expense / Income	-4.39	-3.66	-1.24	-0.17	-0.84	-1.89
Pretax Income	20.62	22.71	26.07	14	32.13	12.26
Income Tax	1.08	1.2	2.02	-0.27	5.75	1.34
Net Income	19.54	21.5	24.05	14.27	26.39	10.91
Net Income Growth	98.19%	-10.58%	68.54%	-45.92%	141.79%	-50.60%
Shares Outstanding (Basic)	57	56	56	57	56	55
Shares Outstanding (Diluted)	57	58	58	59	57	56
Shares Change	1.55%	0.17%	-1.84%	3.68%	1.02%	1.32%
EPS (Basic)	0.35	0.38	0.43	0.25	0.47	0.20
EPS (Diluted)	0.34	0.37	0.42	0.24	0.47	0.19
EPS Growth	100.00%	-11.90%	75.00%	-48.94%	147.37%	-52.50%
Free Cash Flow	20.87	23.57	9.5	6.85	10.09	-2.11
Free Cash Flow Per Share	0.37	0.42	0.17	0.12	0.18	-0.04
Gross Margin	67.74%	67.85%	69.56%	68.56%	76.26%	76.61%
Operating Margin	12.77%	14.84%	19.77%	13.31%	26.30%	11.92%
Profit Margin	15.38%	16.75%	19.15%	13.73%	22.18%	12.55%
Free Cash Flow Margin	16.43%	18.37%	7.57%	6.59%	8.48%	-2.43%
Effective Tax Rate	5.21%	5.29%	7.76%	-1.89%	17.88%	10.96%
EBITDA	26.44	28.45	32.37	19.94	37.43	16.65
EBITDA Margin	20.81%	22.17%	25.78%	19.19%	31.46%	19.15%
Depreciation & Amortization	5.82	5.75	6.3	5.94	5.3	4.4
EBIT	20.62	22.71	26.07	14	32.13	12.26
EBIT Margin	16.23%	17.69%	20.76%	13.48%	27.01%	14.10%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).