{"schema_version":"secwatch.filing_event.v1","accession":"0001820721-23-000023","form_type":"8-K","ticker":"ARRY","cik":"0001820721","company_name":"Array Technologies, Inc.","filed_at":"2023-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.778490+00:00","generated_at":"2026-06-18T15:49:43.637651+00:00","sec_items":["2.02","7.01","4.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Array Technologies restates prior quarterly financials; reports preliminary FY2022 revenue $1.62-1.64B","bullets":["Audit Committee concludes Q1-Q3 2022 financials should not be relied upon due to STI acquisition accounting errors.","Preliminary FY2022 revenue $1,620-1,640M; net loss $40-42M; adjusted EBITDA $126-129M.","FY2023 guidance: revenue $1,800-1,950M; adjusted EBITDA $240-265M; adjusted EPS $0.75-0.85.","Orderbook at Dec 31, 2022: $1.9B; free cashflow expected $135-137M, above prior $100M forecast.","Form 10-K to be filed within 15-day grace period; errors are non-cash, no impact on revenue or gross margin."],"urls":{"canonical":"https://secwatch.observer/filing/0001820721-23-000023","json":"https://secwatch.observer/filing/0001820721-23-000023.json","markdown":"https://secwatch.observer/filing/0001820721-23-000023.md","text":"https://secwatch.observer/filing/0001820721-23-000023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820721/000182072123000023/0001820721-23-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820721/000182072123000023/arry-20230301.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T15:49:43.637651+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":"6f826ea1cfa786a0a00949de4f570926a7810209","claim":"Array Technologies, Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"The errors in the unaudited condensed consolidated financial statements for the Non-Reliance Periods noted above will be corrected in restated financial statements for the Non-Reliance Periods in the Form 10-K for the year ended December 31, 2022 (the “Form 10-K”). The Company is diligently pursuing completion of the restatement and intends to file the Form 10-K no later than the fifteenth calendar day after its original due date.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820721/000182072123000023/0001820721-23-000023-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"},{"claim_id":"4de4e215ad2958f45faacf29403efe4c79375140","claim":"Array Technologies, Inc. reported full year ended December 31, 2022 results: revenue $1,620 million to $1,640 million, net income $40 million to $42 million net loss, EPS $0.27 to $0.28 diluted loss per share.","evidence_excerpt":"Revenues expected in a range of $1,620 million to $1,640 million • Gross margin expected in the range of 13.5% to 14.0% • Net loss expected in the range of $40 million to $42 million • Diluted Loss Per Share expected in the range of $0.27 to $0.28","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820721/000182072123000023/0001820721-23-000023-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year ended December 31, 2022"},{"label":"Revenue","value":"$1,620 million to $1,640 million"},{"label":"Net income","value":"$40 million to $42 million net loss"},{"label":"EPS","value":"$0.27 to $0.28 diluted loss per share"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"84eeb61c1584c653f166212e574d3d4bf6efd27b","claim":"Array Technologies, Inc. reported year ending December 31, 2023 results: revenue $1,800 million to $1,950 million, EPS $0.75 to $0.85 adjusted net income per share. Guidance initiated.","evidence_excerpt":"Revenue to be in the range of $1,800 million to $1,950 million • Adjusted EBITDA (4) to be in the range of $240 million to $265 million • Adjusted net income per share (4) to be in the range of $0.75 to $0.85","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820721/000182072123000023/0001820721-23-000023-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ending December 31, 2023"},{"label":"Revenue","value":"$1,800 million to $1,950 million"},{"label":"EPS","value":"$0.75 to $0.85 adjusted net income per share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}