ARRY Q1 2023 Earnings — Array Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ARRYArray Technologies, Inc.

$1B

Q1 2023 Earnings

Income Statement

Revenue

$377M+25.3% YoY

Gross Profit

$98M25.9% margin

Operating Income

$47M12.6% margin

Net Income

$30M7.9% margin

EPS (Diluted)

$0.17

QoQ Revenue Growth

-6.3%

Cash Flow

Operating Cash Flow

$46M

Free Cash Flow

$42M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$1.3B

Stockholders' Equity

$519M

Cash & Equivalents

$148M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$377M	$301M	+25.3%
Gross Profit	$98M	$27M	+266.9%
Operating Income	$47M	-$38M	+223.8%
Net Income	$30M	-$26M	+214.3%