U.S. Geothermal was founded in 2003 and is headquartered in Boise, US

COO

Chairman

U.S. Geothermal has an office in Boise

Boise, US (HQ)

390 E Parkcenter Blvd, Ste 250

## Founding Date | 2003 |

## Total Funding | $33 m |

## Latest funding size | $3 m |

## Time since last funding | over 6 years |

## Investors | Craton Equity Partners, Medley Partners |

U.S. Geothermal's latest funding round in February 2011 was reported to be $3 m. In total, U.S. Geothermal has raised $33 m

USD

## Net income (Q1, 2017) | 1.1 m |

## EBIT (Q1, 2017) | 2.4 m |

## Cash (31-Mar-2017) | 13.1 m |

USD | FY, 2016^{} |
---|---|

## R&D expense | 39.1 k |

## Operating expense total | 39.1 k |

## EBIT | 8.7 m |

## Interest expense | 4.4 m |

## Pre tax profit | 4.2 m |

## Income tax expense | (575 k) |

## Net Income | 3.6 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## R&D expense | 3.8 k | 28.2 k | |||||||

## Operating expense total | 3.8 k | 28.2 k | |||||||

## EBIT | 3.1 m | 268.8 k | 1.6 m | 2.2 m | 345 k | 1.5 m | 2.4 m | ||

## Interest expense | 1 m | 1.1 m | 949.4 k | 978.7 k | 927.7 k | 933.7 k | 1 m | 1.2 m | 1.2 m |

## Pre tax profit | 2.2 m | 765.1 k | 1.3 m | 1.3 m | |||||

## Income tax expense | 266 k | (444 k) | (141 k) | 170 k | (90 k) | ||||

## Net Income | 1.2 m | 1.9 m | 1.8 m | 1.2 m | 1.8 m | 1.2 m | 799.1 k | 1.1 m | 1.1 m |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 28.7 m | 13 m | 8.7 m | 15.3 m |

## Accounts Receivable | 4.1 m | 3.8 m | 3.8 m | |

## Current Assets | 37 m | 23.4 m | 18.8 m | 29.6 m |

## PP&E | 167.7 m | 170.3 m | ||

## Total Assets | 232.8 m | 232.9 m | 228.2 m | 243.4 m |

## Accounts Payable | 2.3 m | |||

## Current Liabilities | 5.8 m | 6.2 m | 8.7 m | 6.5 m |

## Non-Current Liabilities | 99.2 m | 95.8 m | 91.1 m | 105.4 m |

## Total Liabilities | 105.1 m | 102 m | 99.8 m | 111.9 m |

## Additional Paid-in Capital | 100.4 m | 103.7 m | 118.1 m | 121.9 m |

## Retained Earnings | (30.9 m) | (19.3 m) | (17.4 m) | (17 m) |

## Total Equity | 127.7 m | 130.9 m | 128.4 m | 131.6 m |

## Financial Leverage | 1.8 x | 1.8 x | 1.8 x | 1.9 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 11.6 m | 10.7 m | 13.3 m | 12.8 m | 11.2 m | 7.4 m | 18.3 m | 13.1 m | 13.1 m |

## Current Assets | 18.8 m | 16.8 m | 23.2 m | 23.5 m | 20.6 m | 15.7 m | 29.5 m | 25.7 m | 29 m |

## PP&E | 169.6 m | ||||||||

## Total Assets | 220.9 m | 219.2 m | 230.5 m | 230.8 m | 228.1 m | 224.7 m | 243.4 m | 240.1 m | 240.5 m |

## Accounts Payable | 1.2 m | 1.3 m | 1.3 m | 2 m | 1.7 m | 2.4 m | 2 m | 1.5 m | 2.2 m |

## Current Liabilities | 5.4 m | 5.6 m | 5.6 m | 6.4 m | 6.1 m | 6.6 m | 6.5 m | 5.8 m | 6.1 m |

## Non-Current Liabilities | 98.7 m | 96.2 m | 93.9 m | 93.7 m | 91.7 m | 89.5 m | 107.2 m | 105.6 m | 103.5 m |

## Additional Paid-in Capital | 101.6 m | 103.1 m | 104 m | 104.4 m | 104.7 m | 119.7 m | 121 m | 121.5 m | 122.4 m |

## Retained Earnings | (30.7 m) | (30.6 m) | (18.6 m) | (18.8 m) | (18.5 m) | (17.3 m) | (17.8 m) | (17.9 m) | (16.7 m) |

## Total Equity | 116.8 m | 117.4 m | 130.9 m | 130.7 m | 130.2 m | 128.7 m | 129.6 m | 128.7 m | 130.9 m |

## Financial Leverage | 1.9 x | 1.9 x | 1.8 x | 1.8 x | 1.8 x | 1.7 x | 1.9 x | 1.9 x | 1.8 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 4.1 m | 14.9 m | 5 m | 3.6 m |

## Depreciation and Amortization | 6.5 m | 6.2 m | 6.3 m | 6.4 m |

## Accounts Receivable | (335.5 k) | |||

## Purchases of PP&E | (13.9 m) | (3.7 m) | (6.6 m) | (9.4 m) |

## Interest Paid | 7 m | 4.1 m | 3.8 m | 4.1 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 1.2 m | 1.9 m | 1.8 m | 1.2 m | 1.8 m | 1.2 m | 799.1 k | 1.1 m | 1.1 m |

## Depreciation and Amortization | 3.2 m | 4.8 m | 1.6 m | 3.2 m | 4.8 m | 1.6 m | 3.2 m | 4.8 m | 1.7 m |

## Accounts Receivable | 1.2 m | 1.4 m | 1.3 m | 1.4 m | 1.9 m | 1.5 m | (367.8 k) | ||

## Purchases of PP&E | (1.2 m) | (2.9 m) | (1.5 m) | (2.9 m) | (4.5 m) | (1.5 m) | (2.4 m) | (7.7 m) | (1.3 m) |

## Interest Paid | 2 m | 3.5 m | 1.4 m | 1.9 m | 3.3 m | 1.4 m | 1.9 m | 3.6 m | 1.9 m |

Y, 2017 | |
---|---|

## Financial Leverage | 1.8 x |