ARRY Q2 2024 Earnings — Array Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ARRYArray Technologies, Inc.

$1B

Q2 2024 Earnings

Income Statement

Revenue

$256M-49.6% YoY

Gross Profit

$86M33.6% margin

Operating Income

$40M15.5% margin

Net Income

$26M10.0% margin

EPS (Diluted)

$0.08

QoQ Revenue Growth

+66.7%

Cash Flow

Operating Cash Flow

$4M

Free Cash Flow

$2M

Stock-Based Comp.

$910,000

Balance Sheet

Total Assets

$1.7B

Total Liabilities

$1.1B

Stockholders' Equity

$578M

Cash & Equivalents

$282M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$256M	$508M	-49.6%
Gross Profit	$86M	$146M	-41.3%
Operating Income	$40M	$96M	-58.9%
Net Income	$26M	$65M	-60.6%