ARRY Q1 2022 Earnings — Array Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ARRYArray Technologies, Inc.

$1B

Q1 2022 Earnings

Income Statement

Revenue

$301M+21.1% YoY

Gross Profit

$27M8.8% margin

Operating Income

-$38M-12.8% margin

Net Income

-$26M-8.6% margin

EPS (Diluted)

$-0.17

QoQ Revenue Growth

+41.4%

Cash Flow

Operating Cash Flow

-$50M

Free Cash Flow

-$52M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$1.7B

Total Liabilities

$1.3B

Stockholders' Equity

$390M

Cash & Equivalents

$49M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$301M	$248M	+21.1%
Gross Profit	$27M	$46M	-42.4%
Operating Income	-$38M	$15M	-349.6%
Net Income	-$26M	$5M	-666.8%

Revenue Segments

Array

$251M83%

STI

$50M17%