energy recovery inc (ERII) Snapshot

Energy Recovery, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported loss from operations of $4.476 million, loss before income taxes of $4.449 million, net loss of $4.51 million or $0.09 loss per basic and diluted share on net revenue of $6.373 million compared to loss from operations of $4.685 million, loss before income taxes of $4.617 million, net loss of $4.683 million or $0.09 loss per basic and diluted share on net revenue of $4.756 million for the same period last year. Net cash used in operating activities was $3.854 million against $3.74 million for the same period last year. Capital expenditures were $0.384 million against $1.014 million for the same period last year. The revenue growth was entirely attributable to increased OEM and aftermarket sales. The company anticipates similar revenue levels in 2013 as compared to those achieved in 2012.

Energy Recovery, Inc., Annual General Meeting, Jun 18, 2013., at 10:00 Pacific Daylight. Location: 1717 Doolittle. Agenda: To consider the election of Mr. Arve Hanstveit and Mr. Hans Peter Michelet as Class II directors to serve until the 2016 annual meeting; to ratify the appointment of BDO USA, LLP as independent registered public accounting firm for the year ending December 31, 2013; to consider advisory approval of the company's executive compensation; and to consider other business that may properly come before the meeting and any adjournment or postponement.

Energy Recovery, Inc., Q1 2013 Earnings Call, May 09, 2013