ARRY Q4 2023 Earnings — Array Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ARRYArray Technologies, Inc.

$1B

Q4 2023 Earnings

Income Statement

Revenue

$342M-15.0% YoY

Gross Profit

$84M24.7% margin

Operating Income

$30M8.8% margin

Net Income

$23M6.8% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

-2.5%

Cash Flow

Operating Cash Flow

$94M

Free Cash Flow

$89M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.7B

Total Liabilities

$1.1B

Stockholders' Equity

$611M

Cash & Equivalents

$249M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$342M	$402M	-15.0%
Gross Profit	$84M	$81M	+4.6%
Operating Income	$30M	$7M	+307.5%
Net Income	$23M	-$9M	+353.4%