ARRY Q3 2022 Earnings — Array Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ARRYArray Technologies, Inc.

$1B

Q3 2022 Earnings

Income Statement

Revenue

$515M+173.0% YoY

Gross Profit

$77M14.9% margin

Operating Income

$17M3.3% margin

Net Income

$41M7.9% margin

EPS (Diluted)

$0.27

QoQ Revenue Growth

+22.7%

Cash Flow

Operating Cash Flow

$105M

Free Cash Flow

$102M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$1.7B

Total Liabilities

$1.3B

Stockholders' Equity

$349M

Cash & Equivalents

$63M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$515M	$189M	+173.0%
Gross Profit	$77M	$6M	+1198.7%
Operating Income	$17M	-$20M	+188.1%
Net Income	$41M	-$28M	+247.5%