GNE Q1 2023 Earnings — Genie Energy Ltd. Revenue & Financial Results | Market Cap Arena

GNEGenie Energy Ltd.

$388M

Q1 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$105M+22.5% YoY

Gross Profit

$33M31.6% margin

Operating Income

$11M10.7% margin

Net Income

$14M13.7% margin

EPS (Diluted)

$0.54

QoQ Revenue Growth

+29.3%

Cash Flow

Operating Cash Flow

$11M

Free Cash Flow

$11M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$293M

Total Liabilities

$107M

Stockholders' Equity

$199M

Cash & Equivalents

$105M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$105M	$86M	+22.5%
Gross Profit	$33M	$47M	-29.3%
Operating Income	$11M	$27M	-58.2%
Net Income	$14M	$18M	-19.3%

Revenue Segments

Genie Retail Energy

$101M96%

Genie Energy Services

$4M4%