Director Colin R Sabol buys 11,180 shares of ERII at $8.88; stock now -50.9% from 52-week high, down 7.6% in 90 days.
Colin R Sabol, a director at Energy Recovery Inc., purchased 11,180 shares at $8.88 on 2026-06-15, increasing his holdings by 25.1% to 55,671 shares. The transaction occurs as ERII trades at $8.99, which is -50.9% from its 52-week high of $18.32 and -7.6% lower than 90 days ago. The company is currently unprofitable with a net loss of $12.3M against quarterly revenue of $9.7M, and annual revenue declined 6.9% year-over-year. Sabol's prior two purchases at ERII (in November 2023) both failed to generate positive 90-day returns, with outcomes of -15.8% and -12.8% respectively—neither purchase proved well-timed. This latest buy at a depressed price point follows a pattern of unsuccessful timing on the same ticker, providing limited confidence in the directional signal.