Energy Recovery is trading 7.53% down at $6.63 in after-hours trading after reporting third-quarter results on November 4 that fell well short of expectations.
- Revenue was $11.2 million, down 65% year over year; the company reported a $0.12 diluted loss per share.
- Megaproject revenue plunged 95%, which the company linked to delays amid the Iran conflict.
- The earnings release came after the market close; trading volume and activity details were unavailable in the provided price context.