ORA Q3 2021 Earnings — Ormat Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ORAOrmat Technologies, Inc.

$7B

Q3 2021 Earnings

Utilities Renewable Utilities

Income Statement

Revenue

$159M-0.1% YoY

Gross Profit

$63M39.8% margin

Operating Income

$36M22.7% margin

Net Income

$15M9.4% margin

EPS (Diluted)

$0.26

QoQ Revenue Growth

+8.1%

Cash Flow

Operating Cash Flow

$46M

Free Cash Flow

-$35M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$4.4B

Total Liabilities

$2.4B

Stockholders' Equity

$1.8B

Cash & Equivalents

$268M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$159M	$159M	-0.1%
Gross Profit	$63M	$54M	+16.9%
Operating Income	$36M	$52M	-30.4%
Net Income	$15M	$16M	-5.0%

Revenue Segments

Electricity

$143M66%

Product

$67M31%

Energy Storage and Management Services

$6M3%