10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001421517-22-000068 |
| Period End Date | 20220331 |
| Filing Date | 20220504 |
| Fiscal Year | 2022 |
| Fiscal Period | Q1 |
| XBRL Instance | erii-20220331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$74.36M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$105.43M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$44.52M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$37.70M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$31.33M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$20.61M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$26.67M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$23.48M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$20.38M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$5.08M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$6.59M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$151.76M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$138.97M | USD | Point-in-time |
| Long-term investments |
LongTermInvestments
|
$14.33M | USD | Point-in-time |
| Long-term investments |
LongTermInvestments
|
$2.30M | USD | Point-in-time |
| Deferred tax assets, net |
DeferredIncomeTaxAssetsNet
|
$11.07M | USD | Point-in-time |
| Deferred tax assets, net |
DeferredIncomeTaxAssetsNet
|
$11.42M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$19.93M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$20.36M | USD | Point-in-time |
| Operating lease, right of use asset |
OperatingLeaseRightOfUseAsset
|
$14.28M | USD | Point-in-time |
| Operating lease, right of use asset |
OperatingLeaseRightOfUseAsset
|
$14.65M | USD | Point-in-time |
| Goodwill and other intangible assets |
IntangibleAssetsNetIncludingGoodwill
|
$12.83M | USD | Point-in-time |
| Goodwill and other intangible assets |
IntangibleAssetsNetIncludingGoodwill
|
$12.82M | USD | Point-in-time |
| Other assets, non-current |
OtherAssetsNoncurrent
|
$365.00K | USD | Point-in-time |
| Other assets, non-current |
OtherAssetsNoncurrent
|
$367.00K | USD | Point-in-time |
| Total assets |
Assets
|
$213.69M | USD | Point-in-time |
| Total assets |
Assets
|
$211.78M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$4.36M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$909.00K | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedExpensesAndOtherCurrentLiabilities
|
$8.09M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedExpensesAndOtherCurrentLiabilities
|
$13.99M | USD | Point-in-time |
| Lease liabilities |
OperatingLeaseLiabilityCurrent
|
$1.56M | USD | Point-in-time |
| Lease liabilities |
OperatingLeaseLiabilityCurrent
|
$1.46M | USD | Point-in-time |
| Contract liabilities |
ContractWithCustomerLiabilityCurrent
|
$3.32M | USD | Point-in-time |
| Contract liabilities |
ContractWithCustomerLiabilityCurrent
|
$2.06M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$15.97M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$19.79M | USD | Point-in-time |
| Lease liabilities, non-current |
OperatingLeaseLiabilityNoncurrent
|
$14.62M | USD | Point-in-time |
| Lease liabilities, non-current |
OperatingLeaseLiabilityNoncurrent
|
$14.88M | USD | Point-in-time |
| Other liabilities, non-current |
OtherLiabilitiesNoncurrent
|
$247.00K | USD | Point-in-time |
| Other liabilities, non-current |
OtherLiabilitiesNoncurrent
|
$226.00K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$34.91M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$30.81M | USD | Point-in-time |
| Commitments and contingencies (Note 7) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 7) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$64.00K | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$64.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$198.21M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$195.59M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-149.00K | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-418.00K | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$53.83M | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$61.89M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$45.00M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$37.10M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$180.97M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$186.34M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$178.78M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$211.78M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$213.69M | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$32.55M | USD | 1 Quarter |
| Revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$28.94M | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$9.50M | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$8.98M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$19.96M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$23.05M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$6.61M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$6.55M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$3.36M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$2.70M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$4.91M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$4.50M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$13.81M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$14.83M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$8.22M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$6.14M | USD | 1 Quarter |
| Interest income |
InterestIncomeSecuritiesTaxable
|
$92.00K | USD | 1 Quarter |
| Interest income |
InterestIncomeSecuritiesTaxable
|
$61.00K | USD | 1 Quarter |
| Other non-operating income (expense), net |
OtherNonoperatingIncomeExpense
|
$-10.00K | USD | 1 Quarter |
| Other non-operating income (expense), net |
OtherNonoperatingIncomeExpense
|
$56.00K | USD | 1 Quarter |
| Total other income, net |
NonoperatingIncomeExpense
|
$117.00K | USD | 1 Quarter |
| Total other income, net |
NonoperatingIncomeExpense
|
$82.00K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$8.34M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$6.23M | USD | 1 Quarter |
| Provision for (benefit from) income taxes |
IncomeTaxExpenseBenefit
|
$445.00K | USD | 1 Quarter |
| Provision for (benefit from) income taxes |
IncomeTaxExpenseBenefit
|
$-640.00K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$6.87M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$7.89M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.14 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.12 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.14 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.12 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
56.78M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
56.88M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
58.18M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
58.60M | shares | 1 Quarter |
Cash Flow Statement
54 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$6.87M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$7.89M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$1.88M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$1.91M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.35M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.39M | USD | 1 Quarter |
| Amortization of premiums and discounts on investments |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$-288.00K | USD | 1 Quarter |
| Amortization of premiums and discounts on investments |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$-71.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$351.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-669.00K | USD | 1 Quarter |
| Other non-cash adjustments |
OtherNoncashIncomeExpense
|
$12.00K | USD | 1 Quarter |
| Other non-cash adjustments |
OtherNoncashIncomeExpense
|
$-57.00K | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$6.04M | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$4.61M | USD | 1 Quarter |
| Contract assets |
IncreaseDecreaseInCostsInExcessOfBillingsOnUncompletedContractsOrPrograms1
|
$-183.00K | USD | 1 Quarter |
| Contract assets |
IncreaseDecreaseInCostsInExcessOfBillingsOnUncompletedContractsOrPrograms1
|
$-299.00K | USD | 1 Quarter |
| Inventories, net |
IncreaseDecreaseInInventories
|
$3.12M | USD | 1 Quarter |
| Inventories, net |
IncreaseDecreaseInInventories
|
$186.00K | USD | 1 Quarter |
| Prepaid and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$721.00K | USD | 1 Quarter |
| Prepaid and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-281.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$821.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$4.62M | USD | 1 Quarter |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$-5.18M | USD | 1 Quarter |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$-6.61M | USD | 1 Quarter |
| Contract liabilities |
IncreaseDecreaseInContractLiabilities
|
$-408.00K | USD | 1 Quarter |
| Contract liabilities |
IncreaseDecreaseInContractLiabilities
|
$-1.28M | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-1.60M | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$54.00K | USD | 1 Quarter |
| Maturities of marketable securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$5.71M | USD | 1 Quarter |
| Maturities of marketable securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$10.42M | USD | 1 Quarter |
| Purchases of marketable securities |
PaymentsToAcquireMarketableSecurities
|
- | USD | 1 Quarter |
| Purchases of marketable securities |
PaymentsToAcquireMarketableSecurities
|
$29.38M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$622.00K | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.98M | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-20.93M | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$5.09M | USD | 1 Quarter |
| Net proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$763.00K | USD | 1 Quarter |
| Net proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$6.06M | USD | 1 Quarter |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
- | USD | 1 Quarter |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$8.06M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-7.29M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$6.06M | USD | 1 Quarter |
| Effect of exchange rate differences on cash, cash equivalents and restricted cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-25.00K | USD | 1 Quarter |
| Effect of exchange rate differences on cash, cash equivalents and restricted cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-11.00K | USD | 1 Quarter |
| Net change in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$11.18M | USD | 1 Quarter |
| Net change in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-29.84M | USD | 1 Quarter |
| Cash, cash equivalents and restricted cash, beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$44.62M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$74.46M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$94.36M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$105.53M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$44.62M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$74.46M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$94.36M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$105.53M | USD | Point-in-time |
Stockholders Equity
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquity
|
$180.97M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$186.34M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$178.78M | USD | Point-in-time |
| Beginning balance (in shares) |
CommonStockSharesOutstanding
|
56.70M | shares | Point-in-time |
| Beginning balance (in shares) |
CommonStockSharesOutstanding
|
57.42M | shares | Point-in-time |
| Total other comprehensive loss, net of tax |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-269.00K | USD | 1 Quarter |
| Total other comprehensive loss, net of tax |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-73.00K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$6.87M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$7.89M | USD | 1 Quarter |
| Ending balance |
StockholdersEquity
|
$180.97M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$186.34M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$178.78M | USD | Point-in-time |
| Ending balance (in shares) |
CommonStockSharesOutstanding
|
56.70M | shares | Point-in-time |
| Ending balance (in shares) |
CommonStockSharesOutstanding
|
57.42M | shares | Point-in-time |
Comprehensive Income
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$6.87M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$7.89M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-25.00K | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-11.00K | USD | 1 Quarter |
| Unrealized loss on investments |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-258.00K | USD | 1 Quarter |
| Unrealized loss on investments |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-48.00K | USD | 1 Quarter |
| Total other comprehensive loss, net of tax |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-269.00K | USD | 1 Quarter |
| Total other comprehensive loss, net of tax |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-73.00K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$6.79M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$7.62M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.