Energy recovery reports its third quarter 2024 financial results

San leandro, calif.--(business wire)--energy recovery, inc. (nasdaq:erii) (“energy recovery” or the “company”) today announced its financial results for the third quarter and nine months ended september 30, 2024. third quarter highlights revenue of $38.6 million, reaching the upper end of our guidance of $35 - $39 million. gross margin of 65.1%, a decrease of 480 bps, as compared to q3'2023, due primarily to higher manufacturing costs and higher costs related to product mix. operating expenses.
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