Earlier last month, Energy Recovery Inc., the clean-tech shining star, made an IPO which shook the dead IPO market.

ERII reported their Q2 results this week, with revenues growing over 240% to $12 million. They reported EPS of $0.01 in the quarter, compared with a net loss of $0.01 a year ago. The company expects revenue of $6.8-$7.2 million with net income of breakeven to $300,000. For the year, they expect revenues of $49-$51 million with EPS of $0.14-$0.15.