ARRY Q3 2023 Earnings — Array Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ARRYArray Technologies, Inc.

$1B

Q3 2023 Earnings

Income Statement

Revenue

$350M-32.0% YoY

Gross Profit

$87M24.9% margin

Operating Income

$40M11.5% margin

Net Income

$23M6.6% margin

EPS (Diluted)

$0.07

QoQ Revenue Growth

-31.0%

Cash Flow

Operating Cash Flow

$72M

Free Cash Flow

$69M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$1.2B

Stockholders' Equity

$616M

Cash & Equivalents

$174M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$350M	$515M	-32.0%
Gross Profit	$87M	$77M	+14.1%
Operating Income	$40M	$17M	+133.8%
Net Income	$23M	$41M	-43.2%