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                                    What caused ERII's Q1 2024 earnings to miss forecasts?
                                </h1> <div class="user_slot" data-v-0eba195e=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/default_aime_user.ec532c9.png" alt="user" class="avatar" data-v-0eba195e=""> <span class="user_desction" data-v-0eba195e="">
                                        
                                        4/5/2025 11:20am
                                    </span></div></div></div> <div class="seo-text-answer" data-v-0eba195e="">Energy Recovery Inc. (ERII) experienced a net loss of $8.3 million in Q1 2024, which increased from the $6.3 million net loss in Q1 2023. The company's revenue for Q1 2024 was reported at $12.1 million, falling short of the estimated $13.5 million. The EPS was recorded at -$0.14, matching the estimated EPS of -$0.14. The company's Q1 2024 earnings missed forecasts primarily due to **Rising Costs**.

The net loss increase and revenue shortfall highlight the challenges Energy Recovery faced in managing costs and generating revenue during the quarter. The company's inability to control costs effectively, coupled with the competitive pressures in the industrial products and fluid flow solutions sector, contributed to the disappointing financial results.</div> <div class="dialog_answer" data-v-0eba195e=""><div class="dialog_content" data-v-0eba195e=""><div class="answer_content" data-v-0eba195e=""></div></div></div></div></div> </div></div></div> </div> <div class="extra-module" data-v-261d488f=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/recommend-logo.4f9ccc8.png" alt="right-logo" fetchpriority="high" class="recommend-logo-img" data-v-261d488f=""> <div class="recommend-part" data-v-7790c618="" data-v-261d488f=""><div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/screener-recommend-icon.b007ca8.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime finds your next big 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caused ERII's Q1 2024 earnings to miss forecasts?","c32422c2-13a6-4f2d-9c65-028052bc7a85","other\u002FopenAnswer",0,"progress\u002Fsearching_for",1000,"searching_for","llm_generated","ths_ainvest_lite_web",null,"⏳ What are the potential long-term implications of ERII's Q1 2024 earnings miss for investors?","〽️ What were the key factors that contributed to ERII's earnings miss in Q1 2024?","📈 How do analysts currently rate ERII's stock after the Q1 2024 earnings miss?","STR","dp22697471",2001,"rich_text","auto","agent","3c06a047add1ed89","explain news events","thinking","The user wants to analyze why ERII's Q1 2024 earnings fell short of expectations. I should focus on earnings, earnings surprise, analyst opinions, and factors contributing to the earnings report. I will use FinQuery for earnings, earnings surprise, and analyst opinions; use Search for factors contributing to the earnings report.","signal","39196","\u002F\u002Fcdn.ainvest.com\u002FfrontResources\u002Fs\u002Ffoiegras\u002FrecommendList\u002F1.12.0\u002FrecommendList@1.12.0index.js","Energy Recovery Inc. (ERII) experienced a net loss of $8.3 million in Q1 2024, which increased from the $6.3 million net loss in Q1 2023. The company's revenue for Q1 2024 was reported at $12.1 million, falling short of the estimated $13.5 million. The EPS was recorded at -$0.14, matching the estimated EPS of -$0.14. The company's Q1 2024 earnings missed forecasts primarily due to **Rising Costs**.\n\nThe net loss increase and revenue shortfall highlight the challenges Energy Recovery faced in managing costs and generating revenue during the quarter. The company's inability to control costs effectively, coupled with the competitive pressures in the industrial products and fluid flow solutions sector, contributed to the disappointing financial results.",8,"Energy Recovery Inc (ERII) Misses Q1 Earnings Expectations Amid Rising Costs","Revenue: Reported at $12.1 million for Q1 2024, falling short of estimates of $13.5 million. Net Loss: Increased to $8.3 million in Q1 2024 from $6.3 million in Q1 2023, above the estimated net loss of $7.8 million. Earnings Per Share (EPS): Recorded at -$0.14, matching the estimated EPS of -$0.14. ...","https:\u002F\u002Fwww.gurufocus.com\u002Fnews\u002F2424002\u002Fenergy-recovery-inc-erii-misses-q1-earnings-expectations-amid-rising-costs","2024-05-01","3c06a047add1ed89_0","oeqxkhszf","oeqxkhszf_layer","base","agent_common_v2\nagent-summary","normal_agent","NONE","typewrite",1743823232289,"stock","185","Searching Web",999,"Energy Recovery Inc. 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