Energy Recovery, Inc. ERII Income Statement

Energy recovery, inc. (ERII)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenue
88,691	86,942	87,895	85,284	83,252	74,515	0	0	56,969	-	-	50,800	51,909	49,715	48,259	49,347	47,858	43,671	43,240	36,470	32,393	30,426	38,881	38,407	40,569	43,045	34,892	40,522	44,249	42,632	33,665	28,100	22,436	28,047	28,853	37,224	0	0	0
Operating expenses:
General and administrative
24,134	22,832	22,236	21,791	21,218	21,476	21,015	19,783	18,783	17,354	16,148	16,085	16,150	16,626	17,390	17,009	18,379	19,773	21,257	20,745	18,378	14,139	12,183	12,730	13,061	15,192	15,368	15,568	15,848	15,146	15,691	15,437	16,156	16,745	15,288	15,373	0	0	0
Sales and marketing
9,410	9,434	8,613	8,119	7,796	7,546	8,346	8,534	8,850	9,391	9,287	9,738	9,499	9,116	9,221	8,904	8,963	9,326	9,599	9,755	10,463	10,525	9,893	9,279	8,436	7,952	7,783	7,906	7,819	7,290	6,741	7,172	7,409	7,997	8,230	8,081	0	0	0
Research and development
25,857	23,402	21,574	19,224	17,349	17,012	16,611	15,379	14,851	13,443	11,354	10,635	9,980	10,136	9,648	8,803	7,791	7,659	10,018	10,675	10,989	9,690	6,204	5,100	4,513	4,361	4,965	5,433	5,162	4,774	3,955	3,186	3,191	3,526	3,878	4,015	0	0	0
Amortization of intangible assets
423	575	625	627	628	630	632	631	631	631	631	632	632	631	632	633	633	635	672	729	786	842	876	890	906	921	948	980	1,010	1,042	1,108	1,192	1,276	1,360	1,720	2,057	0	0	0
Restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	369	747	0	0	-	0	-	-	-	-
Total operating expenses
59,824	56,243	53,048	49,761	46,991	46,664	46,604	44,327	43,115	40,819	37,420	37,090	36,261	36,509	36,891	35,349	35,766	37,393	41,546	41,904	40,616	35,196	29,156	28,139	27,100	28,610	29,585	30,435	30,422	28,866	30,767	30,562	31,528	33,093	29,586	29,526	0	0	0
Income from operations
7,783	10,364	12,695	13,774	14,019	9,979	12,899	10,799	7,565	9,249	10,658	6,454	5,928	3,426	-2,514	-2,114	-5,870	-11,791	-16,343	-21,530	-22,815	-18,483	-6,974	-5,390	-2,150	-2,888	-11,891	-9,841	-8,444	-8,653	-16,965	-21,843	-27,141	-25,294	-19,491	-13,522	0	0	0
Other income (expense):
Interest income
1,907	2,010	2,051	1,920	1,765	1,543	1,301	1,175	1,000	870	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-	-	0	0	-	1	1	2	1	2	3	3	3	3	4	3	3	42	0	0	0	-	-	-	-	-	-	-	-	6	10	14	18	34	45	57	0	0	0
Other non-operating expense, net
-106	-118	-91	-108	-51	-80	-104	-92	-188	-188	-306	-217	-51	-19	75	-52	-111	-192	-188	-142	-154	69	157	186	203	109	123	132	98	143	155	-8	62	184	206	252	0	0	0
Total other income, net
1,801	1,892	1,960	1,812	1,713	1,462	1,196	1,081	811	680	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
9,584	12,256	14,654	15,585	15,731	11,440	14,095	11,880	8,376	9,929	11,270	6,912	6,354	3,713	-2,390	-2,116	-5,931	-11,972	-16,571	-21,712	-23,009	-18,414	-6,817	-5,204	-1,947	-2,779	-11,768	-9,710	-8,348	-8,516	-16,820	-21,865	-27,097	-25,144	-19,330	-13,327	0	0	0
(Benefit from) provision for income taxes
704	1,343	711	2,133	-9,745	-10,656	-19,086	-20,115	-8,805	-8,400	639	332	247	-6	-613	-578	-610	-334	284	309	296	291	256	229	332	327	249	267	-267	-262	-729	3,726	2,271	1,299	942	-4,059	0	0	0
Net income
8,880	10,913	13,943	13,452	25,476	22,096	33,206	32,020	17,206	18,354	10,631	6,580	6,107	3,719	-1,777	-1,538	-5,321	-11,638	-16,855	-22,021	-23,305	-18,705	-7,073	-5,433	-2,279	-3,106	-12,017	-9,977	-8,081	-8,254	-16,091	-25,591	-29,368	-26,443	0	0	0	-	-
Earnings per share:
Net Income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Basic (in dollars per share)
0.01	-0.01	0.09	0.07	0.05	0.04	0.09	0.29	-0.01	0.25	0.06	0.02	0.01	-	-0.01	0.01	-	-	-	-0.06	-	-	-	-	-	-	-	-	-	-	-	0.01	-	-	-	-0.06	-0.03	-	-
Diluted (in dollars per share)
0.01	-0.01	0.09	0.07	0.05	0.04	0.08	0.28	-0.01	0.24	0.06	0.02	0.01	-	-0.01	0.01	-	-	-	-0.06	-	-	-	-	-	-	-	-	-	-	-	0.01	-	-	-	-0.06	-0.03	-	-
Number of shares used in per share calculations:
Basic (in shares)
55,412	55,188	54,975	54,681	54,116	53,657	53,665	53,747	53,987	53,651	53,580	53,748	53,825	-	52,106	52,369	-	-	-	52,026	-	-	-	-	-	-	-	-	-	-	-	51,432	-	-	-	52,605	52,586	-	-
Diluted (in shares)
56,542	56,406	56,384	56,110	55,368	56,664	55,295	55,406	53,987	55,687	55,140	55,565	56,056	-	52,106	55,698	-	-	-	52,026	-	-	-	-	-	-	-	-	-	-	-	52,070	-	-	-	52,605	52,586	-	-
Basic and diluted net loss per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.04	-	-0.01	-	-0.16	-	-0.11	-0.09	-0.07	0.14	-0.08	-0.03	-0.09	-	-0.04	-	-0.09	-	-0.22	-	-	-0.07	-0.01
Shares used in basic and diluted per share calculation (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52,207	-	52,237	-	51,948	-	51,861	51,566	51,446	51,204	51,052	51,026	50,982	-	50,872	-	52,618	-	52,636	-	-	-	-
Shares used in computing basic and diluted net loss per share (in Shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52,447	52,078
Product
Revenue
75,763	72,834	71,033	67,859	66,039	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product cost of revenue
21,084	20,335	19,404	19,001	19,494	17,873	0	0	17,763	-	-	18,123	18,787	17,849	18,674	19,654	20,254	19,111	18,037	16,096	14,592	13,713	16,699	15,658	15,619	17,323	17,198	19,928	22,271	22,419	19,863	19,381	18,049	20,248	18,758	21,220	0	0	0
Product gross profit
54,679	52,499	51,629	48,858	46,545	43,152	0	0	39,206	-	-	32,677	33,122	31,866	29,585	29,693	27,604	24,560	25,203	20,374	17,801	16,713	22,182	22,749	24,950	25,722	17,694	20,594	21,978	20,213	13,802	8,719	4,387	7,799	10,095	16,004	0	0	0
License and development revenue
Revenue
12,928	14,108	14,114	14,677	14,465	13,491	0	0	5,501	-	-	10,867	9,067	8,069	4,792	3,542	2,292	1,042	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-