{"schema_version":"secwatch.filing_event.v1","accession":"0001820721-22-000143","form_type":"8-K","ticker":"ARRY","cik":"0001820721","company_name":"Array Technologies, Inc.","filed_at":"2022-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.333455+00:00","generated_at":"2026-06-22T04:25:16.665629+00:00","sec_items":["2.02","4.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Array Tech Q3 record revenue $515M, beats; restates Q2 financials; appoints new director","bullets":["Revenue of $515M, up 173% YoY; net income $28.6M vs loss of $33M; adjusted EBITDA $55.4M vs loss of $3.9M.","Gross margin improved to 15.6% from 3.1% YoY, fourth consecutive quarter of expansion.","Restated Q2 2022 financials: revenue overstated by $5.1M due to clerical error; consolidation error misclassified $2.4M personnel costs, no cash impact.","Appointed Tracy Jokinen to the Board of Directors, replacing Ron Corio, effective Nov 8, 2022.","Full-year 2022 guidance: revenue $1.50B-$1.60B, adjusted EBITDA $122M-$132M."],"urls":{"canonical":"https://secwatch.observer/filing/0001820721-22-000143","json":"https://secwatch.observer/filing/0001820721-22-000143.json","markdown":"https://secwatch.observer/filing/0001820721-22-000143.md","text":"https://secwatch.observer/filing/0001820721-22-000143.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820721/000182072122000143/0001820721-22-000143-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820721/000182072122000143/arry-20221108.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T04:25:16.665629+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e629cf735c83f6b1dc0b6f9ca64e4224421c5423","claim":"Array Technologies, Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"On November 7, 2022, management and the Audit Committee of the Board of Directors (the “Board”) of the Company, in consultation with BDO USA, LLP (“BDO”), the Company’s independent registered public accounting firm, determined that the Company’s previously issued interim financial statements filed on its Form 10-Q as of June 30, 2022, and for the three and six months ended June 30, 2022 (the “Non-Reliance Periods”), should no longer be relied upon until the financial statements are restated.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820721/000182072122000143/0001820721-22-000143-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"},{"label":"Auditor","value":"BDO USA, LLP"}],"fact_type":"auditor_change"},{"claim_id":"c89d61b01d6102031314b50e61f28371d72d57fc","claim":"Array Technologies, Inc. reported third quarter ended September 30, 2022 results: revenue $515.0 million, net income net income to common stockholders of $28.6 million, EPS $0.19 per basic and diluted share.","evidence_excerpt":"measures to GAAP. --- EX-99.1 (EX-99.1) --- November 8, 2022 Array Technologies, Inc. Reports Financial Results for the Third Quarter 2022 – Delivers record revenue of $515 million and the fourth consecutive quarter of gross margin improvement Third Quarter 2022 Highlights • Revenue of $515.0 million • Net income to common stockholders of $28.6 million •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820721/000182072122000143/0001820721-22-000143-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2022"},{"label":"Revenue","value":"$515.0 million"},{"label":"Net income","value":"net income to common stockholders of $28.6 million"},{"label":"EPS","value":"$0.19 per basic and diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"31c7e3c35a","claim":"Tracy Jokinen was appointed as member of the Board at Array Technologies, Inc..","evidence_excerpt":"Effective November 8, 2022, the Board, acting upon the recommendation of its Nominating and Corporate Governance Committee, appointed Tracy Jokinen to serve as a member of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820721/000182072122000143/0001820721-22-000143-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"member of the Board"}],"fact_type":"executive_change"},{"claim_id":"68d4268b0c","claim":"Ron Corio resigned as member of the Board at Array Technologies, Inc..","evidence_excerpt":"On November 3, 2022, Ron Corio delivered written notice to the Board of the Company stating that he had resigned from his position as a member of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820721/000182072122000143/0001820721-22-000143-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"member of the Board"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}