ARRY Q2 2023 Earnings — Array Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ARRYArray Technologies, Inc.

$1B

Q2 2023 Earnings

Income Statement

Revenue

$508M+20.9% YoY

Gross Profit

$146M28.8% margin

Operating Income

$96M19.0% margin

Net Income

$65M12.8% margin

EPS (Diluted)

$0.34

QoQ Revenue Growth

+34.8%

Cash Flow

Operating Cash Flow

$21M

Free Cash Flow

$15M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$1.9B

Total Liabilities

$1.2B

Stockholders' Equity

$612M

Cash & Equivalents

$156M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$508M	$420M	+20.9%
Gross Profit	$146M	$40M	+266.5%
Operating Income	$96M	-$13M	+821.9%
Net Income	$65M	-$5M	+1397.1%