Failure by design

ERI is set to soon IPO under the ticker symbol ERII. It is a filtration company that specializes in desalination. Particularly salt water reverse osmosis (SWRO), an area growing much faster than the desalination industry as a whole. Last year the company made $5.4 million on sales of around $34 million. While in the previous year net income was only about $900K. For the last five years the company has been showing an average growth rate of 72% and is positioned as one of the leaders in the industry. The majority of new desalination plants have been SWRO plants since innovations in more efficient membranes and energy recovery techniques have made the technology more competitive.

Short post, but just thought I would put it out on peoples radars.

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