ORA Q2 2021 Earnings — Ormat Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ORAOrmat Technologies, Inc.

$7B

Q2 2021 Earnings

Utilities Renewable Utilities

Income Statement

Revenue

$147M-16.0% YoY

Gross Profit

$52M35.4% margin

Operating Income

$29M19.5% margin

Net Income

$13M8.9% margin

EPS (Diluted)

$0.23

QoQ Revenue Growth

-11.7%

Cash Flow

Operating Cash Flow

$30M

Free Cash Flow

-$90M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$3.8B

Total Liabilities

$1.9B

Stockholders' Equity

$1.8B

Cash & Equivalents

$250M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$147M	$175M	-16.0%
Gross Profit	$52M	$65M	-20.5%
Operating Income	$29M	$48M	-40.5%
Net Income	$13M	$23M	-43.5%

Revenue Segments

Electricity

$134M68%

Product

$59M30%

Energy Storage and Management Services

$6M3%