AP NEWS

Energy Recovery: 4Q Earnings Snapshot

March 5, 2020 GMT

SAN LEANDRO, Calif. (AP) _ Energy Recovery Inc. (ERII) on Thursday reported a fourth-quarter loss of $609,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the San Leandro, California-based company said it had a loss of 1 cent.

The maker of energy recovery devices posted revenue of $15.8 million in the period.

For the year, the company reported profit of $10.9 million, or 19 cents per share. Revenue was reported as $86.9 million.

Energy Recovery shares have declined roughly 2% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.61, an increase of 20% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ERII at https://www.zacks.com/ap/ERII