ORA Q2 2024 Earnings — Ormat Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ORAOrmat Technologies, Inc.

$7B

Q2 2024 Earnings

Utilities Renewable Utilities

Income Statement

Revenue

$213M+9.3% YoY

Gross Profit

$61M28.8% margin

Operating Income

$35M16.5% margin

Net Income

$22M10.4% margin

EPS (Diluted)

$0.37

QoQ Revenue Growth

-5.0%

Cash Flow

Operating Cash Flow

$31M

Free Cash Flow

-$116M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$5.5B

Total Liabilities

$3.0B

Stockholders' Equity

$2.4B

Cash & Equivalents

$66M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$213M	$195M	+9.3%
Gross Profit	$61M	$49M	+24.0%
Operating Income	$35M	$24M	+45.0%
Net Income	$22M	$24M	-8.1%

Revenue Segments

Electricity

$166M50%

Product

$165M50%

Geographic Segments

UNITED STATES

$130M61%

Non-US

$83M39%