ORA Q4 2023 Earnings — Ormat Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ORAOrmat Technologies, Inc.

$7B

Q4 2023 Earnings

Utilities Renewable Utilities

Income Statement

Revenue

$241M+17.4% YoY

Gross Profit

$78M32.5% margin

Operating Income

$52M21.4% margin

Net Income

$36M14.8% margin

EPS (Diluted)

$0.59

QoQ Revenue Growth

+16.0%

Cash Flow

Operating Cash Flow

$139M

Free Cash Flow

-$30M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$5.2B

Total Liabilities

$2.8B

Stockholders' Equity

$2.3B

Cash & Equivalents

$196M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$241M	$205M	+17.4%
Gross Profit	$78M	$80M	-2.2%
Operating Income	$52M	$30M	+70.8%
Net Income	$36M	$18M	+98.0%

Revenue Segments

Electricity

$184M73%

Product

$60M24%

Energy Storage and Management Services

$7M3%