ORA Q1 2024 Earnings — Ormat Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ORAOrmat Technologies, Inc.

$7B

Q1 2024 Earnings

Utilities Renewable Utilities

Income Statement

Revenue

$224M+21.0% YoY

Gross Profit

$79M35.2% margin

Operating Income

$53M23.5% margin

Net Income

$39M17.2% margin

EPS (Diluted)

$0.64

QoQ Revenue Growth

-7.1%

Cash Flow

Operating Cash Flow

$115M

Free Cash Flow

$12M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$5.5B

Total Liabilities

$3.0B

Stockholders' Equity

$2.4B

Cash & Equivalents

$202M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$224M	$185M	+21.0%
Gross Profit	$79M	$76M	+3.6%
Operating Income	$53M	$53M	-1.1%
Net Income	$39M	$29M	+32.9%

Revenue Segments

Electricity

$191M85%

Product

$25M11%

Energy Storage and Management Services

$8M4%