Energy Recovery Swings to Q3 Net Loss of $6.33 Million; Q3 Revenue Falls 65% to $11.2 Million
Bitget2026/11/04 21:25- Energy Recovery swung to a third-quarter 2026 net loss of $6.33 million from net income of $3.87 million a year earlier.
- Revenue dropped 65% year over year to $11.2 million.
- Gross margin fell to 37.5% from 64.2%, primarily due to lower volume, product mix and indirect manufacturing costs.
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