ERII

Market cap $404.64M
Enterprise value $326.59M
Employees 134
Revenue $58.7M
EBITDA $6.11M
Income $3.85M
EPS 0.07
P/E 116.15
Forward P/E 16.78
EV/EBITDA 53.43
PEG 2.79
Earnings date 2018-03-06
Volume 138k / 408k
Relative vol. 0.34 ×
Sales Q/Q -15.81%
Sales Y/Y 34.66%
Est. EPS Q/Q 100.00%
Beta 7.23
Mean Recomm. 2.00
IPO year 2008
Country United States
RSI 43.89
Range $7.48 – $8.01
52 weeks $6.13 – $11.30
SMA 50 $8 +2.96%
SMA 200 $8 +2.88%
1 year target $18 +125.28%

Intraday

5 days

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All time

Recent Recovery news

Date
#
Company
Insider Title
Trans.
Transaction
Shares Price per share Total price Shares after Source
2017-09-14 Olav Fjell
Director
Director Buy 18,000 $7.08 $127,440
2017-09-14
18,000
2017-03-14 Robert Yu Lang Mao
Director
Director Buy 20,000 $7.53 $150,600
2017-03-14
142,361
2017-03-14 William Yeung
General Counsel
General Counsel Buy 3,298 $7.58 $24,999
2017-03-14
8,068
2016-11-18 Hans Peter Michelet
Director
Director Sale 100,000 $11.49 $1,149,000
2016-11-18
50,000
2016-11-08 William Yeung
General Counsel
General Counsel Buy 4,770 $10.10 $48,177
2016-11-08
4,770
2016-09-21 Andrew B Jr Stroud
VP, Human Resources
VP, Human Resources Option exercise 23,727 $3.87 $91,823
2016-09-21
22,659
2016-09-07 Andrew B Jr Stroud
VP, Human Resources
VP, Human Resources Option exercise 7,655 $2.75 $21,051
2016-09-07
21,896
2016-08-15 Alexander J Buehler
Director
Director Sale 500 $13.01 $6,505
2016-08-15
60,000
2016-08-11 Alexander J Buehler
Director
Director Sale 24,500 $13.05 $319,725
2016-08-11
60,500
2016-08-09 Alexander J Buehler
Director
Director Sale 5,000 $13.00 $65,000
2016-08-09
85,000
2016-08-09 Rodney Clemente
VP, Global Desalination Sales
VP, Global Desalination Sales Option exercise 14,760 $2.75 $40,590
2016-08-09
30,583
2016-08-09 Andrew B Jr Stroud
VP, Human Resources
VP, Human Resources Option exercise 5,000 $2.75 $13,750
2016-08-09
19,241
2016-06-14 Hans Peter Michelet
Director
Director Sale 150,000 $9.14 $1,371,000
2016-06-14
150,000
2016-06-06 Chris M Gannon
Chief Financial Officer
Chief Financial Officer Buy 6,350 $10.96 $69,596
2016-06-06
32,435
2016-05-24 Eric Siebert
VP, Corporate Strategy
VP, Corporate Strategy Buy 21,389 $9.51 $203,409
2016-05-24
49,953
2016-05-17 Andrew B Jr Stroud
VP, Human Resources
VP, Human Resources Sale 2,700 $11.11 $29,997
2016-05-17
14,241
2016-05-11 Robert Yu Lang Mao
Director
Director Option exercise 25,000 $3.45 $86,250
2016-05-11
122,361
2016-04-20 Arve Hanstveit
Director
Director Sale 50,000 $12.59 $629,500
2016-04-20
1,145,800
2016-03-21 Arve Hanstveit
Director
Director Sale 27,900 $10.11 $282,069
2016-03-21
1,195,800
2016-03-11 Robert Yu Lang Mao
Director
Director Buy 40,000 $9.45 $378,000
2016-03-11
97,361
2016-03-10 Arve Hanstveit
Director
Director Sale 22,100 $10.01 $221,221
2016-03-10
1,223,700
2016-03-10 Alexander J Buehler
Director
Director Sale 30,000 $9.79 $293,700
2016-03-10
90,000
2016-03-08 Arve Hanstveit
Director
Director Sale 60,000 $8.63 $517,800
2016-03-08
1,245,800
2015-12-15 Juan Otero
Gen Counsel,CCO,Corp Secretary
Gen Counsel,CCO,Corp Secretary Buy 6,715 $7.04 $47,274
2015-12-15
6,715
2015-11-20 Hans Peter Michelet
Director
Director Sale 69,700 $7.00 $487,900
2015-11-20
300,000
2015-11-17 Arve Hanstveit
Director
Director Sale 75,000 $7.12 $534,000
2015-11-17
1,305,800
2015-11-16 Hans Peter Michelet
Director
Director Sale 26,400 $7.32 $193,248
2015-11-16
369,700

Notable SEC filings of Energy Recovery, Inc.

Date Contents
Source
2017-11-02 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2017-09-25 8-K Regulation FD Disclosure; Financial Statements and Exhibits
2017-08-14 8-K Regulation FD Disclosure; Financial Statements and Exhibits
2017-08-03 10-Q Quarterly report
2017-08-03 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2017-06-28 8-K Submission of Matters to a Vote of Security Holders
2017-06-23 8-K Regulation FD Disclosure; Financial Statements and Exhibits
2017-06-20 8-K Regulation FD Disclosure
2017-05-15 8-K Regulation FD Disclosure; Financial Statements and Exhibits
2017-05-04 10-Q Quarterly report
2017-05-04 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2017-04-27 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
2017-03-22 8-K Regulation FD Disclosure; Financial Statements and Exhibits
2017-03-10 10-K Yearly report
2017-03-10 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2017-02-09 8-K Regulation FD Disclosure; Financial Statements and Exhibits
2016-11-03 10-Q Quarterly report
2016-11-03 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2016-09-07 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits
2016-08-04 10-Q Quarterly report
2016-08-04 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2016-06-28 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits
2016-06-27 8-K Submission of Matters to a Vote of Security Holders
2016-06-22 8-K Other Events; Financial Statements and Exhibits
2016-06-06 8-K Regulation FD Disclosure; Financial Statements and Exhibits
2016-05-05 10-Q Quarterly report
Buy Seaport Global 16 October 2017
Market Outperform JMP Securities 4 September 2017

Recovery executives

Insider Title Age Since Compensation
Joel Gay (39)
President, Chief Executive Officer, Director since 2015
President, Chief Executive Officer, Director 39 2015 $1,650,860
Hans Michelet (57)
Independent Chairman of the Board since 2016
Independent Chairman of the Board 57 2016 $1,157,890
Chris Gannon (45)
Chief Financial Officer since 2015
Chief Financial Officer 45 2015 $923,691
Eric Siebert (38)
Vice President - Corporate Strategy since 2015
Vice President - Corporate Strategy 38 2015 $754,674
Nocair Bensalah (48)
Vice President - Operations since 2016
Vice President - Operations 48 2016 $695,526
Rodney Clemente (37)
Vice President - Global Desalination Sales
Vice President - Global Desalination Sales 37 $621,219
Alexander Buehler (42)
Independent Director since 2017
Independent Director 42 2017 $489,282
Yu Lang Mao (73)
Independent Director since 2010
Independent Director 73 2010
Ole Lorentzen (64)
Independent Director since 2015
Independent Director 64 2015
Arve Hanstveit (62)
Independent Director since 1995
Independent Director 62 1995
Sherif Foda (48)
Independent Director since 2016
Independent Director 48 2016
Olav Fjell (65)
Independent Director since 2015
Independent Director 65 2015
William Yeung (45)
General Counsel since 2016
General Counsel 45 2016
Andrew Stroud (58)
Vice President of Human Resources since 2014
Vice President of Human Resources 58 2014
Emily Smith (32)
Vice President - Marketing since 2015
Vice President - Marketing 32 2015
Sharon Smith-Lenox (64)
Corporate Controller, Chief Accounting Officer since 2015
Corporate Controller, Chief Accounting Officer 64 2015
Energy Recovery, Inc. logo

Energy Recovery, Inc. provides energy solutions to industrial fluid flow markets under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, AT, AquaBold, VorTeq, IsoBoost, and IsoGen names worldwide. The company operates through Water and Oil & Gas segments. It offers pressure exchanger energy recovery devices and turbocharger technologies for water desalination and oil and gas; AT turbochargers for low-pressure brackish, and high-pressure seawater reverse osmosis systems; and high-performance, high-efficiency, high-pressure, and circulation booster pumps. The company also provides VorTeq hydraulic fracturing system; IsoBoost energy recovery systems, such as hydraulic turbo chargers, and related controls and automation systems; and IsoGen energy recovery systems, including hydraulic turbines, and related controls and automation systems. In addition, it offers engineering, technical support, and training services; and preventive maintenance and support services, as well as reinstallation services. The company serves engineering, procurement, and construction (EPC) firms that design and build large desalination plants; original equipment manufacturers; oil companies; exploration and production companies; oilfield service companies; and EPC firms, which design and build oil and gas processing plants. It markets its products directly to customers through its direct sales organization, as well as through authorized independent sales agents. Energy Recovery, Inc. was founded in 1992 and is headquartered in San Leandro, California.

  • Energy Recovery, Inc., 1717 Doolittle Drive, San Leandro 94577, United States
  • energyrecovery.com
  • 510-483-7370

Quarterly EPS estimates

Profit margin

Debt to assets

Cash flow

Balance sheet

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Current assets
Cash $22.153 $35.759 $62.014 $63.661
Short term investments $72.241 $57.478 $38.668 $39.073
Net receivables $16.955 $16.659 $14.771 $13.774
Inventory $6.283 $6.37 $4.824 $4.55
Other current assets $1.663 $1.835 $1.867 $1.311
Total current assets $119.295 $118.101 $122.144 $122.369
Long term investments
Property, plant & equipment $13.632 $10.974 $8.61 $8.643
Goodwill $12.79 $12.79 $12.79 $12.79
Intangible assets $1.427 $1.585 $1.743 $1.9
Other assets $0.184 $0.78 $1.523 $2.091
Deferred long term asset charges $1.711 $1.631 $1.427 $1.27
Total assets $149.039 $145.861 $148.237 $149.063
Current liabilities
Accounts payable $11.449 $10.166 $8.114 $10.946
Short long term debt $0.011 $0.011 $0.011 $0.011
Other current liabilities $6.23 $5.856 $5.898 $6.201
Total current liabilities $17.69 $16.033 $14.023 $17.158
Long term debt $0.019 $0.022 $0.025 $0.027
Other liabilities $0.411 $0.459 $0.507 $0.554
Deferred long term liabilities $62.651 $63.819 $65.005 $66.191
Minority interest
Total liabilities $80.771 $80.333 $79.56 $83.93
Stockholders' equity
Stock option warrants
Common stock $0.058 $0.058 $0.058 $0.057
Retained earnings -$57.547 -$59.253 -$58.705 -$58.272
Treasury stock -$20.486 -$20.486 -$16.21 -$16.21
Capital surplus $146.32 $145.296 $143.641 $139.676
Other stockholder equity -$0.077 -$0.087 -$0.107 -$0.118
Total stockholder equity $68.268 $65.528 $68.677 $65.133
Net tangible assets $54.051 $51.153 $54.144 $50.443
(in millions) 2016 2015 2014
Current assets
Cash $63.661 $101.421 $18.124
Short term investments $39.073 $0.257 $13.072
Net receivables $13.774 $14.407 $12.524
Inventory $4.55 $6.503 $8.204
Other current assets $1.311 $0.943 $1.317
Total current assets $122.369 $123.531 $53.241
Long term investments $0.006 $0.681
Property, plant & equipment $8.643 $10.622 $13.211
Goodwill $12.79 $12.79 $12.79
Intangible assets $1.9 $2.531 $3.166
Other assets $2.091 $2.319 $2.852
Deferred long term asset charges $1.27
Total assets $149.063 $151.799 $85.941
Current liabilities
Accounts payable $10.946 $10.136 $11.003
Short long term debt $0.011 $0.01
Other current liabilities $6.201 $5.878 $0.519
Total current liabilities $17.158 $16.024 $11.522
Long term debt $0.027 $0.038
Other liabilities $0.554 $0.718 $2.453
Deferred long term liabilities $66.191 $71.36 $2.048
Minority interest
Total liabilities $83.93 $88.14 $16.023
Stockholders' equity
Stock option warrants
Common stock $0.057 $0.055 $0.054
Retained earnings -$58.272 -$59.306 -$47.668
Treasury stock -$16.21 -$6.835 -$6.835
Capital surplus $139.676 $129.809 $124.44
Other stockholder equity -$0.118 -$0.064 -$0.073
Total stockholder equity $65.133 $63.659 $69.918
Net tangible assets $50.443 $48.338 $53.962

Income statement

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Revenue
Total revenue $15.084 $12.172 $13.511 $17.917
Cost of revenue $4.254 $3.53 $4.61 $5.971
Gross profit $10.83 $8.642 $8.901 $11.946
Operating expenses
Research & development $3.038 $3.077 $2.509 $2.73
Selling, general & administrative $6.095 $6.101 $6.861 $6.378
Non-recurring
Other operating expenses $0.157 $0.158 $0.158 $0.158
Total operating expenses
Operating income $1.54 -$0.694 -$0.627 $2.68
Income from continuing operations
Net other income $0.233 $0.111 $0.118 $0.153
EBIT $1.773 -$0.583 -$0.509 $2.833
Interest expense $0.001 $0.001 $0.001 $0.001
Income before tax $1.772 -$0.583 -$0.51 $2.832
Income tax expense $0.066 -$0.035 -$0.077 -$0.291
Minority interest
Net income from continuing ops $1.706 -$0.548 -$0.433 $3.123
Non-recurring events
Discontinued operations
Extraordinary items
Effect of accounting change
Other items
Net income
EBITDA $1.706 -$0.548 -$0.433 $3.123
Income (for common shares) $1.706 -$0.548 -$0.433 $3.123
(in millions) 2016 2015 2014
Revenue
Total revenue $54.715 $44.713 $30.426
Cost of revenue $17.849 $19.111 $13.713
Gross profit $36.866 $25.602 $16.713
Operating expenses
Research & development $10.136 $7.659 $9.69
Selling, general & administrative $25.742 $29.099 $24.664
Non-recurring
Other operating expenses $0.631 $0.635 $0.842
Total operating expenses
Operating income $0.357 -$11.791 -$18.483
Income from continuing operations
Net other income $0.29 -$0.139 $0.069
EBIT $0.647 -$11.93 -$18.414
Interest expense $0.003 $0.042 $0.042
Income before tax $0.644 -$11.972 -$18.414
Income tax expense -$0.39 -$0.334 $0.291
Minority interest
Net income from continuing ops $1.034 -$11.638 -$18.705
Non-recurring events
Discontinued operations
Extraordinary items
Effect of accounting change
Other items
Net income
EBITDA $1.034 -$11.638 -$18.705
Income (for common shares) $1.034 -$11.638 -$18.705

Cash flow

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Net income $1.706 -$0.548 -$0.433 $3.123
Operating activities
Depreciation $1.033 $1.056 $0.994 $0.989
Net income adjustments $0.841 $0.628 $1.041 $0.199
Change in accounts receivable $0.29 -$1.404 $0.545 -$2.85
Changes in liabilities -$0.428 $0.433 -$6.073 -$0.467
Changes in inventory $0.198 -$1.356 -$0.345 $1.448
Changes in other operating activities $0.172 $0.031 -$0.553 $0.196
Total cash flow from operations $3.812 -$1.16 -$4.824 $2.638
Investing activities
Capital expenditures -$3.066 -$3.245 -$0.532 -$0.212
Investments -$14.912 -$18.932 $0.291 -$24.105
Other cash flows from investing $0.166 $1.588 -$0.46 -$0.562
Total cash flows from investing -$17.812 -$20.589 -$0.701 -$24.879
Financing activities
Dividends paid
Sale and purchase of stock $0.04 -$3.586 $2.992 $2.892
Net borrowings -$0.003 -$0.003 -$0.002 -$0.003
Other cash flows from financing -$0.033 -$0.042 -$0.153 -$0.153
Total cash flows from financing $0.004 -$3.631 $2.837 $2.889
Effect of exchange rate -$0.04 -$0.03 $0.015 $0.025
Change in cash and equivalents -$14.036 -$25.41 -$2.673 -$19.327
(in millions) 2016 2015 2014
Net income $1.034 -$11.638 -$18.705
Operating activities
Depreciation $3.854 $4 $4.481
Net income adjustments $2.373 $3.359 $3.305
Change in accounts receivable $1.451 -$0.871 $8.884
Changes in liabilities -$5.632 $73.638 $2.143
Changes in inventory $2.287 $1.951 -$3.569
Changes in other operating activities -$0.402 -$1.384 -$0.254
Total cash flow from operations $4.965 $69.055 -$3.715
Investing activities
Capital expenditures -$1.112 -$0.572 -$2.562
Investments -$39.017 $12.925 $5.754
Other cash flows from investing -$0.577 $1.665 $3.306
Total cash flows from investing -$40.706 $14.018 $6.498
Financing activities
Dividends paid
Sale and purchase of stock -$2.775 $1.326 -$0.43
Net borrowings -$0.01 $0.048 $0.048
Other cash flows from financing -$1.375
Total cash flows from financing -$2.785 $1.374 -$1.805
Effect of exchange rate -$0.041 -$0.017 $0.152
Change in cash and equivalents -$38.567 $84.43 $1.13
Messenger