---
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"
generated_at: "2026-06-22T04:25:16.665629+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Array Tech Q3 record revenue $515M, beats; restates Q2 financials; appoints new director

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 4.02, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001820721-22-000143
- JSON: https://secwatch.observer/filing/0001820721-22-000143.json
- Plain text: https://secwatch.observer/filing/0001820721-22-000143.txt

## Key facts
- Auditor Changes
  Array Technologies, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: BDO USA, LLP
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1820721/000182072122000143/0001820721-22-000143-index.htm
- Earnings Releases
  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.
  - Period: third quarter ended September 30, 2022
  - Revenue: $515.0 million
  - Net income: net income to common stockholders of $28.6 million
  - EPS: $0.19 per basic and diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1820721/000182072122000143/0001820721-22-000143-index.htm
- Executive change
  Tracy Jokinen was appointed as member of the Board at Array Technologies, Inc..
  - Action: appointed
  - Role: member of the Board
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1820721/000182072122000143/0001820721-22-000143-index.htm
- Executive change
  Ron Corio resigned as member of the Board at Array Technologies, Inc..
  - Action: resigned
  - Role: member of the Board
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1820721/000182072122000143/0001820721-22-000143-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.