Array Technologies, Inc. (ARRY) Financials

NASDAQ:ARRY

Market Cap

3.78B

Total Revenue

1.64B

Gross Profit

227.28M

Operating Income

-19.85M

Net Income

4.43M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	69,580,000	42,078,000	51,909,000	137,879,000	150,852,000	290,783,000	647,899,000	872,662,000	853,318,000	1,637,546,000
costOfRevenue	30,078,000	45,965,000	44,392,000	23,166,000	35,395,000	279,228,000	497,138,000	669,861,000	770,459,000	1,410,270,000
grossProfit	39,502,000	-3,887,000	7,517,000	114,713,000	115,457,000	11,555,000	150,761,000	202,801,000	82,859,000	227,276,000
researchAndDevelopmentExpenses	59,420,000	49,824,000	54,442,000	160,655,000	178,199,000	--	--	--	--	--
sellingAndMarketingExpenses	--	--	--	--	--	--	--	--	--	--
generalAndAdministrativeExpenses	19,624,000	21,907,000	31,433,000	36,267,000	39,336,000	46,878,000	41,852,000	55,634,000	80,974,000	150,777,000
sellingGeneralAndAdministrativeExpenses	19,624,000	21,907,000	31,433,000	36,267,000	39,336,000	46,878,000	41,852,000	55,634,000	80,974,000	150,777,000
operatingExpenses	109,122,000	117,696,000	130,267,000	220,088,000	252,930,000	73,586,000	67,352,000	81,148,000	104,904,000	249,916,000
operatingIncome	-50,684,000	-75,541,000	19,616,000	-81,966,000	-104,467,000	-61,206,000	83,409,000	95,212,000	-22,950,000	-19,851,000
totalOtherIncomeExpensesNet	-11,258,000	-9,716,000	-10,247,000	-10,874,000	-12,333,000	378,000	-18,830,000	-17,434,000	-38,171,000	14,899,000
ebitda	-41,858,000	-65,777,000	29,117,000	-74,062,000	-94,936,000	-34,028,000	110,692,000	146,822,000	2,996,000	81,208,000
depreciationAndAmortization	8,826,000	9,764,000	9,501,000	7,904,000	9,531,000	28,450,000	27,283,000	51,610,000	25,946,000	101,059,000
interestIncome	--	--	--	--	--	--	--	--	--	--
interestExpense	11,258,000	9,716,000	10,247,000	10,874,000	12,333,000	19,043,000	18,797,000	15,129,000	35,475,000	33,513,000
incomeBeforeTax	-61,942,000	-85,257,000	9,369,000	-92,840,000	-116,800,000	-80,696,000	64,579,000	77,778,000	-61,121,000	-4,952,000
incomeTaxExpense	11,258,000	9,716,000	10,247,000	10,874,000	12,333,000	-19,932,000	24,834,000	18,705,000	-10,718,000	-9,384,000
netIncome	-73,200,000	-94,973,000	-878,000	-103,714,000	-129,133,000	-60,764,000	39,745,000	59,073,000	-50,403,000	4,432,000
eps	-0.54	-0.7	-0.006	-0.73	-0.79	-0.48	0.33	0.49	-0.39	-0.29
epsdiluted	-0.54	-0.7	-0.006	-0.73	-0.79	-0.48	0.33	0.49	-0.39	-0.29
weightedAverageShsOut	135,113,000	135,113,000	136,679,000	142,964,000	163,207,000	126,994,000	119,994,000	121,467,000	129,984,000	149,819,000
weightedAverageShsOutDil	135,113,000	135,113,000	141,692,000	142,964,000	163,207,000	126,994,000	119,994,000	121,514,000	129,984,000	149,819,000
costAndExpenses	139,200,000	163,661,000	174,659,000	243,254,000	288,325,000	352,814,000	564,490,000	751,009,000	875,363,000	1,660,186,000
otherExpenses	30,078,000	45,965,000	44,392,000	23,166,000	35,395,000	-447,000	25,500,000	25,514,000	23,930,000	99,139,000

Key Facts

Industry

Solar

Sector

Technology

Headquarters

Albuquerque, NM, US

Website

arraytechinc.com

CEO

Mr. Kevin G. Hostetler

Employees

1096

About the Company

Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learning software that is used to identify the optimal position for a solar array in real time to increase energy production. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico.