Business Context and Reporting Period
Company: Ormat Technologies, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: February 27, 2013
Reporting Period: Fourth fiscal quarter and full fiscal year ended December 31, 2012.
Key Financial Metrics
This Form 8-K serves as a notification of earnings results and incorporates the detailed financial data by reference to Exhibit 99.1 (Press Release). The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Investors must refer to the attached press release for these figures.
Material Changes and Comparisons
The filing text does not contain specific data regarding material changes versus the prior comparable period. It notes that the Company utilizes non-GAAP financial measures in its press release and provides a reconciliation to GAAP measures within that document.
Guidance, Outlook, and Risks
- Forward-Looking Statements: The report contains statements regarding future expectations, estimates, and projections based on management's current views.
- Risk Factors: Actual results may differ materially due to risks and uncertainties detailed in the Company's Annual Report on Form 10-K (filed February 29, 2012) and Quarterly Report on Form 10-Q (filed November 8, 2012).
- Update Obligation: The Company undertakes no obligation to update or revise forward-looking statements.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, net income, and cash flow figures for Q4 and FY 2012.
- Examine the reconciliation of non-GAAP financial measures to GAAP measures provided in the press release.
- Consult the Form 10-K (filed Feb 29, 2012) and Form 10-Q (filed Nov 8, 2012) for a comprehensive list of risk factors.
- Verify the accuracy of forward-looking statements against actual operational performance in subsequent periods.