ORA Q1 2023 Earnings — Ormat Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ORAOrmat Technologies, Inc.

$7B

Q1 2023 Earnings

Utilities Renewable Utilities

Income Statement

Revenue

$185M+0.8% YoY

Gross Profit

$76M41.1% margin

Operating Income

$53M28.7% margin

Net Income

$29M15.7% margin

EPS (Diluted)

$0.51

QoQ Revenue Growth

-9.9%

Cash Flow

Operating Cash Flow

$56M

Free Cash Flow

-$50M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$5.0B

Total Liabilities

$2.7B

Stockholders' Equity

$2.2B

Cash & Equivalents

$415M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$185M	$184M	+0.8%
Gross Profit	$76M	$70M	+8.8%
Operating Income	$53M	$45M	+17.9%
Net Income	$29M	$18M	+57.5%

Revenue Segments

Electricity

$170M97%

Energy Storage and Management Services

$5M3%