ORA Q1 2022 Earnings — Ormat Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ORAOrmat Technologies, Inc.

$7B

Q1 2022 Earnings

Utilities Renewable Utilities

Income Statement

Revenue

$184M+10.4% YoY

Gross Profit

$70M38.1% margin

Operating Income

$45M24.5% margin

Net Income

$18M10.0% margin

EPS (Diluted)

$0.33

QoQ Revenue Growth

-3.8%

Cash Flow

Operating Cash Flow

$82M

Free Cash Flow

-$55M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$4.4B

Total Liabilities

$2.4B

Stockholders' Equity

$1.9B

Cash & Equivalents

$130M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$184M	$166M	+10.4%
Gross Profit	$70M	$74M	-5.1%
Operating Income	$45M	$50M	-9.6%
Net Income	$18M	$15M	+20.8%

Revenue Segments

Electricity

$163M76%

Product

$46M21%

Energy Storage and Management Services

$7M3%