ORA Q3 2022 Earnings — Ormat Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ORAOrmat Technologies, Inc.

$7B

Q3 2022 Earnings

Utilities Renewable Utilities

Income Statement

Revenue

$176M+10.7% YoY

Gross Profit

$61M34.7% margin

Operating Income

$39M22.1% margin

Net Income

$18M10.3% margin

EPS (Diluted)

$0.32

QoQ Revenue Growth

+4.0%

Cash Flow

Operating Cash Flow

$91M

Free Cash Flow

-$54M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$4.5B

Total Liabilities

$2.5B

Stockholders' Equity

$1.8B

Cash & Equivalents

$155M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$176M	$159M	+10.7%
Gross Profit	$61M	$63M	-3.2%
Operating Income	$39M	$36M	+8.1%
Net Income	$18M	$15M	+21.5%

Revenue Segments

Electricity

$153M95%

Energy Storage and Management Services

$9M5%