ORA Q3 2023 Earnings — Ormat Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ORAOrmat Technologies, Inc.

$7B

Q3 2023 Earnings

Utilities Renewable Utilities

Income Statement

Revenue

$208M+18.3% YoY

Gross Profit

$60M28.8% margin

Operating Income

$38M18.1% margin

Net Income

$35M17.0% margin

EPS (Diluted)

$0.59

QoQ Revenue Growth

+6.8%

Cash Flow

Operating Cash Flow

$40M

Free Cash Flow

-$142M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$5.0B

Total Liabilities

$2.6B

Stockholders' Equity

$2.3B

Cash & Equivalents

$78M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$208M	$176M	+18.3%
Gross Profit	$60M	$61M	-1.8%
Operating Income	$38M	$39M	-3.4%
Net Income	$35M	$18M	+95.8%

Revenue Segments

Electricity

$157M76%

Product

$40M19%

Energy Storage and Management Services

$11M5%

Geographic Segments

UNITED STATES

$122M59%

Non-US

$86M41%