ORA Q2 2022 Earnings — Ormat Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ORAOrmat Technologies, Inc.

$7B

Q2 2022 Earnings

Utilities Renewable Utilities

Income Statement

Revenue

$169M+15.1% YoY

Gross Profit

$58M34.1% margin

Operating Income

$39M22.8% margin

Net Income

$11M6.7% margin

EPS (Diluted)

$0.29

QoQ Revenue Growth

-8.0%

Cash Flow

Operating Cash Flow

$34M

Free Cash Flow

-$93M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$4.5B

Total Liabilities

$2.6B

Stockholders' Equity

$1.8B

Cash & Equivalents

$263M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$169M	$147M	+15.1%
Gross Profit	$58M	$52M	+10.8%
Operating Income	$39M	$29M	+34.9%
Net Income	$11M	$13M	-13.6%

Revenue Segments

Electricity

$151M95%

Energy Storage and Management Services

$7M5%