ARRY Q2 2022 Earnings — Array Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ARRYArray Technologies, Inc.

$1B

Q2 2022 Earnings

Income Statement

Revenue

$420M+113.7% YoY

Gross Profit

$40M9.5% margin

Operating Income

-$13M-3.2% margin

Net Income

-$5M-1.2% margin

EPS (Diluted)

$-0.11

QoQ Revenue Growth

+39.7%

Cash Flow

Operating Cash Flow

-$11M

Free Cash Flow

-$12M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$1.4B

Stockholders' Equity

$360M

Cash & Equivalents

$51M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$420M	$197M	+113.7%
Gross Profit	$40M	$21M	+94.8%
Operating Income	-$13M	-$574,000	-2222.6%
Net Income	-$5M	-$6M	+8.9%