The
Nevada
company
which
develops
and
operates
geothermal
plants
around
the
world
and
supplies
equipment
and
services
for
others
had
sales
of
$132.4m,
up
35%
from
the
year-earlier
period.
Gross
margin
was
30.1%,
up
from
15.3%
last
year.
Net
income
was
$8m,
or
$0.17
per
share,
against
a
$9m
loss
($0.20
per
share)
in
the
first
quarter
of
2011.
Chief
executive
Dita
Bronicki
credits
improvements
to
the
company's
well
fields
and
equipment,
"which
increased
generation
and
reduced
operating
costs.
"On
the
product
side,
we
have
successfully
translated
our
technological
leadership
and
proven
execution…
