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Dec 31, 2021
Energy Recovery Q4 2021 Earnings Report
Energy Recovery reported record-breaking fourth quarter and fiscal year 2021 product revenue.
Key Takeaways
Energy Recovery achieved record revenue in 2021, with a 13% product revenue growth for the fiscal year 2021. The company reported a net income of $5.3 million, or $0.09 per diluted share, for the fourth quarter ended December 31, 2021.
Successfully balanced supply chain challenges to deliver recording-breaking product revenue of $33.6 million.
Product gross margin came within guidance and in-line with recent quarters.
Continued efforts to advance overall PX and CO2 commercial refrigeration technology.
Prepared and enhanced production, safety and testing measures for successful deployment of first CO2 commercial installation.
Revenue by Segment
Forward Guidance
The Company’s belief that the Company’s products play an important role in reliably delivering energy, emissions and cost savings for critical industries; that the Company is well down the clear and disciplined path for our industrial wastewater treatment and refrigeration business; and that we are poised to continue our growth in the years to come.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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