Array Technologies Q2 revenue $424.9M (+116% YoY); net loss $15M, adj EBITDA $25.9M

Array Technologies, Inc.

2022-Q2 EPS reported -$0.33 revenue$725,515,000

Revenue $424.9M, up 116% YoY; organic legacy Array revenue growth 79%.
GAAP net loss $15.0M ($0.10 loss per share); adjusted EPS $0.09.
Adjusted EBITDA $25.9M vs $9.9M in prior year; gross margin 11.1%, third straight quarter of improvement.
Executed contracts and awarded orders $1.9B (+110% YoY).
FY 2022 guidance reaffirmed: revenue $1.30B-$1.50B, adj EBITDA $120M-$140M.

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