Energy Recovery, Inc. Reports Fiscal Year-End and Fourth Quarter 2010 Unaudited Financial Results.

Business WireMarch 03, 2011

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Energy Recovery, Inc. Reports Fiscal Year-End and Fourth Quarter 2010 Unaudited Financial Results.

FULL YEAR HIGHLIGHTS

* Net revenues of $46 million

* Gross margin of 48%

* Net loss of $3.6 million

* Loss per share of $0.07

FOURTH QUARTER HIGHLIGHTS

* Fourth quarter net revenues of $13 million

* Gross margin of 44%

* Net Income of $.5 million

* Earnings per share of $0.01

SAN LEANDRO, Calif. -- Energy Recovery, Inc. (Nasdaq:ERII), a leader in the design and development of energy recovery devices for desalination, announced today the unaudited re...

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