Energy Recovery reported third-quarter revenue of $11.2 million, down 65% from $32.0 million in the same period last year, driven by lower volume and geopolitical disruptions including the war in Iran. The company posted a net loss of $6.3 million compared to a $3.9 million profit previously, with gross margin contracting to 37.5% from 64.2%. Megaproject revenue collapsed 95%, while operating expenses decreased 17.2% due to reduced compensation and consulting costs. The firm designs and manufactures energy-saving pressure exchange technology for desalination and wastewater infrastructure.
