Energy Recovery Inc (NASDAQ: ERII) |
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Price: $14.5300
$-0.17
-1.156%
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Day's High:
| $14.755
| Week Perf:
| 2.76 %
|
Day's Low: |
$ 14.45 |
30 Day Perf: |
-2.42 % |
Volume (M): |
150 |
52 Wk High: |
$ 20.27 |
Volume (M$): |
$ 2,182 |
52 Wk Avg: |
$15.43 |
Open: |
$14.69 |
52 Wk Low: |
$12.26 |
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Market Capitalization (Millions $) |
847 |
Shares
Outstanding (Millions) |
58 |
Employees |
270 |
Revenues (TTM) (Millions $) |
133 |
Net Income (TTM) (Millions $) |
19 |
Cash Flow (TTM) (Millions $) |
12 |
Capital Exp. (TTM) (Millions $) |
3 |
Energy Recovery Inc
Energy Recovery, Inc. is an energy solutions provider to industrial fluid flow
markets worldwide. We make industrial processes more operating and capital expenditure
efficient. Our solutions convert wasted pressure energy into a reusable asset
and preserve or eliminate pumping technology in hostile processing environments.
Our solutions are marketed and sold in fluid flow markets, such as water, oil
& gas and chemical processing, under the trademarks ERI®, PX®, Pressure
Exchanger®, PX Pressure Exchanger®, AT™, AquaBold™, VorTeq™,
IsoBoost®, and IsoGen®. Our solutions are developed in whole or in part,
in the United States of America (“U.S.”), as well as other locations
internationally.
Our primary industrial fluid flow markets are water desalination and oil &
gas. We have been and continue to be the technology leader for energy recovery
devices (“ERDs”) in the water desalination market with our proprietary
Pressure Exchanger technology and turbochargers. We also provide high-performance
and high-efficiency pumps to facilitate a packaged solution for our customers.
Building on our leading technology, we have expanded our solution offerings
into other fluid flow markets, such as those found in upstream, midstream, and
downstream applications of the oil & gas industry, as well as exploring
other end markets for which our solutions may be applicable. We offer the VorTeq
hydraulic fracturing system (“VorTeq”), IsoBoost, and IsoGen product
lines to the oil & gas market.
Water Desalination has been our core market for revenue generation to date.
The water desalination market ranges from small water desalination plants such
as those used in cruise ships and resorts to mega-project desalination plant
deployments globally. Because of the geographical location of many significant
desalination projects, geopolitical and economic events can have an effect on
the timing of expected projects. In addition, population and economic growth
in countries such as India and China are driving water demand for human, agricultural,
and industrial use. We anticipate that markets traditionally not associated
with water desalination, including the United States, will inevitably develop
and provide further revenue growth opportunities. Our solutions leverage our
Pressure Exchanger, turbocharger, and pump technologies providing our customers
significant operational efficiency and energy savings.
Across the oil & gas upstream, midstream and downstream market, highly
pressurized fluid flows are required to extract and process oil or gas. These
pressurized fluid flows are both a necessity and liability to the oil &
gas industry.
Within the oil & gas upstream segment, hydraulic fracturing is a well-stimulation
technique in which rock is fractured by pressurized liquid through the injection
of a highly abrasive, proppant-laden fluid into a wellbore to create cracks
in deep-rock formations thereby permitting oil & gas extraction. Oilfield
service providers utilize high-pressure hydraulic fracturing pumps to pressurize
the fracturing fluid at treating pressures up to 15,000 psi. These pumps are
routinely destroyed during the hydraulic fracturing process causing significant
oilfield service operator costs associated with excessive downtime, repairs,
maintenance, and capital equipment redundancy. Our solution leverages our Pressure
Exchanger technology to isolate high-pressure hydraulic fracturing pumps from
abrasive fracturing fluid thereby enabling oilfield service operators to realize
immediate and long-term savings.
Within the oil & gas midstream and downstream segments, pressure energy
becomes a waste product at different stages of oil and gas processing. It is
at these stages that our technology enables the recovery of pressure energy
in the fluid flow either through the exchange of pressure within the application
or by converting it to electricity. We enable gas processing plant and pipeline
owners and operators to achieve immediate and long-term energy savings with
little or no operational disruption.
Company Address: 1717 Doolittle Drive San Leandro 94577 CA
Company Phone Number: 483-7370 Stock Exchange / Ticker: NASDAQ ERII
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Stock Performances by Major Competitors |
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Business Update
Published Thu, Aug 15 2024 1:09 PM UTC
Turning Tides: Energy Recovery s $27.5 Million Desalination Contracts in Morocco SAN LEANDRO, Calif. In a significant stride towards addressing North Africa s persisting water scarcity, Energy Recovery, Inc. (Nasdaq: ERII) has secured substantial contracts to supply its PX Pressure Exchanger technology to seawater reverse osmosis (SWRO) desalination projects in Morocco. Thes...
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Business Update
Published Thu, May 9 2024 1:47 PM UTC
Energy Recovery, a California-based company, has recently secured contracts worth $15 million to supply its PX Pressure Exchanger energy recovery devices to seawater reverse osmosis (SWRO) desalination plants in India. The announcement highlights India s ongoing efforts to address its water scarcity crisis by investing in desalination technologies.These contracts are expecte...
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Energy Recovery Inc
Energy Recovery Inc (ERII) recently experienced a drop of -6.07% in its stock price over the past month, resulting in a share price decrease of -17.27% during the first quarter of 2024. This decline should be of concern for shareholders, as the stock now only trades 11.3% above its 52-week low. However, it is important to note that ERII announced impressive financial results for the year and quarterly period ending December 31, 2023. This positive news may potentially mitigate some of the concerns arising from the recent stock performance. Revenue for ERII increased significantly by 34.953% to $57.07 million, and profit per share surged by 35.92% to $0.32 per share compared to the previous year.
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Energy Recovery Inc
Energy Recovery Inc, a leading player in the Industrial Machinery and Components sector, has reported a commendable performance in their September 30, 2023 report. The company experienced a remarkable growth in income per share, which surged by 112.5% year on year to $0.17 per share. Additionally, their revenue witnessed an impressive increase of 21.075%, reaching $36.88 million. This outstanding performance comes as a revelation to many, especially when compared to the -3.23% decline in the top-line experienced by other companies in the same sector. Energy Recovery Inc has clearly outperformed its competitors, showcasing their ability to navigate the challenging market conditions and deliver exceptional results.
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Energy Recovery Inc
Introduction Energy Recovery Inc (ERII) recently released its financial results for the second quarter of 2023, revealing some notable improvements in its performance. However, despite these positive developments, there are certain areas that warrant further attention. This article will explore the financial facts disclosed by ERII and discuss their potential impact on the company going forward. 1. Earnings and Revenue Analysis During the second quarter of 2023, ERII reported a decrease in losses per share, from $-0.04 to $-0.03, in comparison to the same quarter a year before. Additionally, the company witnessed an improvement in earnings per share (EPS), with an increase from $-0.11 per share in the previous quarter to the current value. While these improvements are positive, they must be carefully examined in the context of the broader industry's performance.
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Per Share |
Current |
Earnings (TTM) |
0.32 $ |
Revenues (TTM) |
2.28 $
|
Cash Flow (TTM) |
0.2 $ |
Cash |
2.04 $
|
Book Value |
4.01 $
|
Dividend (TTM) |
0 $ |
|
Per Share |
|
Earnings (TTM) |
0.32 $
|
Revenues (TTM) |
2.28 $ |
Cash Flow (TTM) |
0.2 $ |
Cash |
2.04 $
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Book Value |
4.01 $ |
Dividend (TTM) |
0 $ |
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Water |
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100.61 % |
of total Revenue |
Emerging Technologies |
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0.63 % |
of total Revenue |
Megaproject |
|
76.12 % |
of total Revenue |
Megaproject Water |
|
76.12 % |
of total Revenue |
Original equipment manufacturer |
|
12.91 % |
of total Revenue |
Original equipment manufacturer Water |
|
12.68 % |
of total Revenue |
Original equipment manufacturer Emerging Technologies |
|
0.23 % |
of total Revenue |
Aftermarket |
|
12.22 % |
of total Revenue |
Aftermarket Water |
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11.82 % |
of total Revenue |
Aftermarket Emerging Technologies |
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0.4 % |
of total Revenue |
Middle East and Africa |
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73.98 % |
of total Revenue |
Middle East and Africa Water |
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73.58 % |
of total Revenue |
Middle East and Africa Emerging Technologies |
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0.4 % |
of total Revenue |
Asia |
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17.92 % |
of total Revenue |
Asia Water |
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17.92 % |
of total Revenue |
Americas |
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2.76 % |
of total Revenue |
Americas Water |
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2.76 % |
of total Revenue |
Europe |
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6.58 % |
of total Revenue |
Europe Water |
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6.35 % |
of total Revenue |
Europe Emerging Technologies |
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0.23 % |
of total Revenue |
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