ORA Q2 2023 Earnings — Ormat Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ORAOrmat Technologies, Inc.

$7B

Q2 2023 Earnings

Utilities Renewable Utilities

Income Statement

Revenue

$195M+15.2% YoY

Gross Profit

$49M25.4% margin

Operating Income

$24M12.4% margin

Net Income

$24M12.4% margin

EPS (Diluted)

$0.40

QoQ Revenue Growth

+5.2%

Cash Flow

Operating Cash Flow

$74M

Free Cash Flow

-$86M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$5.0B

Total Liabilities

$2.6B

Stockholders' Equity

$2.3B

Cash & Equivalents

$275M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$195M	$169M	+15.2%
Gross Profit	$49M	$58M	-14.1%
Operating Income	$24M	$39M	-37.3%
Net Income	$24M	$11M	+114.8%

Revenue Segments

Electricity

$155M80%

Product

$33M17%

Energy Storage and Management Services

$6M3%

Geographic Segments

UNITED STATES

$114M59%

Non-US

$80M41%