Energy recovery affirms fy 2023 guidance, continues investments in wastewater and co2 business growth

San leandro, calif.--(business wire)--energy recovery, inc. (nasdaq:erii) (“energy recovery” or the “company”) today announced its financial results for the second quarter and six months ended june 30, 2023. second quarter highlights revenue of $20.7 million, within the lower end of guidance. revenue was lower due to a timing delay of a $5.7 million megaproject shipment that will subsequently be recognized in the third quarter. gross margin of 65.4%, within the upper range of our guidance of 64.
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