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Dec 31, 2022
Energy Recovery Q4 2022 Earnings Report
Reported record Q4 revenue and significant annual earnings per share growth.
Key Takeaways
Energy Recovery reported a record revenue quarter in Q4 2022, driven by the core desalination business and industrial wastewater growth. The company's annual revenue grew by 21%, with a significant increase in net income and earnings per share.
Achieved the highest revenue quarter in the company’s history with $42.3 million.
Gross margin increased by 180 basis points to 70.7% compared to Q4 2021.
Net income grew by 161% to $13.7 million compared to Q4 2021.
Earnings per share increased by 167% to $0.24 compared to Q4 2021.
Revenue by Geographic Location
Forward Guidance
The press release contains forward-looking statements regarding full year revenue and gross margin guidance, the strength of the core desalination business, the timing of new hires to support the CO2 business, the timing of CO2 deployments, the ability to finalize regional distribution agreements, and the belief that the CO2 business will create significant value for shareholders.
Positive Outlook
- Expectations on full year revenue and gross margin guidance
- Belief that the Company’s core desalination business has never been stronger
- Timing of any new hires to support our CO2 business
- Timing of any CO2 deployments
- Belief that the Company’s CO2 business will create significant value for our shareholders
Challenges Ahead
- Potential risks and uncertainties related to the Company’s business
- Risks discussed under “Risk Factors” in the Company’s Form 10-K filed with the SEC
- Other reports filed by the Company with the SEC from time to time
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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