ARRY Q1 2024 Earnings — Array Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ARRYArray Technologies, Inc.

$1B

Q1 2024 Earnings

Income Statement

Revenue

$153M-59.3% YoY

Gross Profit

$55M35.9% margin

Operating Income

$8M5.5% margin

Net Income

$2M1.4% margin

EPS (Diluted)

$-0.07

QoQ Revenue Growth

-55.1%

Cash Flow

Operating Cash Flow

$48M

Free Cash Flow

$45M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$1.0B

Stockholders' Equity

$596M

Cash & Equivalents

$288M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$153M	$377M	-59.3%
Gross Profit	$55M	$98M	-43.5%
Operating Income	$8M	$47M	-82.3%
Net Income	$2M	$30M	-92.7%