Array Technologies Q4 2022 revenue $402M (+83% YoY); FY23 revenue guidance $1.8B-$1.95B

Array Technologies, Inc.

Q4 revenue $402.1M (+83% YoY); net loss $17.3M vs $32.1M prior year; adj. EBITDA $51.7M.
Full year 2022 revenue $1.64B (+92% YoY); net loss $43.6M; adj. EBITDA $128.7M.
Executed contracts and awarded orders at Dec 31, 2022 total $1.9B.
FY 2023 guidance: revenue $1.8B-$1.95B, adj. EBITDA $240M-$265M, adj. EPS $0.75-$0.85.
Gross margin improved to 20.0% in Q4 from 4.7% prior year.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Array Technologies, Inc. reported the quarter ended December 31, 2022 results: revenue $402.1 million, net income $17.3 million, EPS $0.11.

Period: the quarter ended December 31, 2022
Revenue: $402.1 million
Net income: $17.3 million
EPS: $0.11
Result: reported results

Exact text from the filing

Fourth Quarter 2022 Financial Highlights • Revenue of $402.1 million • Net loss to common stockholders of $17.3 million • Adjusted EBITDA (1) of $51.7 million • Basic and diluted net loss per share of $0.11

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Array Technologies, Inc. reported the year ending December 31, 2023 results: revenue $1,800 million to $1,950 million. Guidance initiated.

Period: the year ending December 31, 2023
Revenue: $1,800 million to $1,950 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Full Year 2023 Guidance For the year ending December 31, 2023, the Company expects: • 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

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Array Technologies, Inc. reported the fiscal year ended December 31, 2022 results: revenue $1,638 million, net income $43.6 million, EPS $0.29.

Period: the fiscal year ended December 31, 2022
Revenue: $1,638 million
Net income: $43.6 million
EPS: $0.29
Result: reported results

Exact text from the filing

Full Year 2022 Financial Highlights • Revenue of $1,638 million • Net loss to common stockholders of $43.6 million • Adjusted EBITDA (1) of $128.7 million • Basic and diluted net loss per share of $0.29

View on SEC.gov

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Array Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001820721-23-000057

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