Business Context and Reporting Period
Company: Ormat Technologies, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: August 4, 2011
Reporting Period: Second fiscal quarter of 2011 (Q2 2011)
This filing serves as a notification that the company reported its earnings for the second fiscal quarter of 2011 on August 3, 2011. The detailed financial results are contained in a press release furnished as Exhibit 99.1 and incorporated by reference.
Key Financial Metrics
The provided text is a cover document for the earnings announcement and does not contain specific numerical data. The filing states that the press release includes:
- Results of operations and financial condition for Q2 2011.
- Non-GAAP financial measures with reconciliations to comparable GAAP measures.
Note: Specific values for revenue, profit, cash flow, margins, debt, and liquidity are not present in the provided text.
Material Changes
The filing text does not provide specific details regarding material changes versus the prior comparable period. Investors must refer to the attached press release (Exhibit 99.1) for comparative analysis.
Guidance, Outlook, and Risks
Forward-Looking Statements: The report contains forward-looking statements regarding plans, objectives, and expectations for future operations. These are based on management's current estimates and projections.
Risks and Uncertainties: Actual future results may differ materially from projections due to various risks. The filing directs readers to the "Risk Factors" section of the company's Annual Report on Form 10-K filed on February 28, 2011, for a detailed discussion.
Unusual Items: The company notes the use of non-GAAP financial measures in the associated press release, with required reconciliations provided therein.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated August 3, 2011) for specific Q2 2011 revenue, earnings, and cash flow figures.
- Examine the reconciliation of non-GAAP measures to GAAP measures provided in the press release.
- Consult the Form 10-K filed on February 28, 2011, for a comprehensive list of risk factors affecting future projections.
- Verify the company's current liquidity position and debt levels as detailed in the full earnings release, as they are not listed in this 8-K summary.