secwatch.observer — SEC 8-K summary
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Issuer:     Array Technologies, Inc. (ARRY)
CIK:        0001820721
Form:       8-K
Filed at:   2022-04-05T23:59:59+00:00
Accession:  0001820721-22-000030
Event type: leadership
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Array Tech names Kevin Hostetler CEO; Q4 revenue $219.9M, net loss $32.1M
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- Kevin Hostetler appointed CEO effective April 18, 2022, succeeding Jim Fusaro who retired.
- Q4 2021 revenue $219.9M (up 22% YoY); net loss $32.1M vs loss $9.8M prior year.
- Full year 2021 revenue $853.3M (down 2% YoY); net loss $66.1M vs income $59.1M.
- Adjusted EBITDA Q4 $0.5M, full year $43.2M; 2022 guidance revenue $1.45B-$1.75B.
- Executed contracts and awarded orders reached $1.8B at Dec 31, 2021, a new record.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820721/000182072122000030/0001820721-22-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820721/000182072122000030/arry-20220331.htm
  HTML page:      https://secwatch.observer/filing/0001820721-22-000030

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer