Array Technologies (ARRY) stock price, revenue, and financials

Array Technologies market cap is $2.8 b, and annual revenue was $872.66 m in FY 2020

$2.8 B

ARRY Mkt cap, 12-Nov-2021

$245.9 M

Array Technologies Revenue Q1, 2021
Array Technologies Gross profit (Q1, 2021)43.9 M
Array Technologies Gross profit margin (Q1, 2021), %17.8%
Array Technologies Net income (Q1, 2021)2.9 M
Array Technologies EBIT (Q1, 2021)13.1 M
Array Technologies Cash, 31-Mar-202119.1 M
Array Technologies EV3.2 B
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Array Technologies Revenue

Array Technologies revenue was $872.66 m in FY, 2020

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Array Technologies Revenue Breakdown

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Array Technologies revenue breakdown by geographic segment: 5.1% from Rest of the World, 8.0% from Australia and 86.9% from United States

Array Technologies Income Statement

Annual

USDFY, 2018FY, 2019FY, 2020

Revenue

290.8m647.9m872.7m

Revenue growth, %

123%

Cost of goods sold

279.2m497.1m669.9m

Gross profit

11.6m150.8m202.8m

Gross profit Margin, %

4%23%23%

General and administrative expense

46.1m41.9m55.6m

Operating expense total

72.8m67.4m107.6m

Depreciation and amortization

26.7m25.5m25.5m

EBIT

(61.2m)83.4m95.2m

EBIT margin, %

(21%)13%11%

Interest expense

19.0m18.8m

Pre tax profit

(80.7m)64.6m77.8m

Income tax expense

(19.9m)24.8m18.7m

Net Income

(60.8m)39.7m59.1m

EPS

0.2

Quarterly

USDQ1, 2021

Revenue

245.9m

Cost of goods sold

202.1m

Gross profit

43.9m

Gross profit Margin, %

18%

General and administrative expense

24.7m

Operating expense total

30.8m

Depreciation and amortization

6.0m

EBIT

13.1m

EBIT margin, %

5%

Pre tax profit

4.0m

Income tax expense

1.1m

Net Income

2.9m

Array Technologies Balance Sheet

Annual

USDFY, 2018FY, 2019FY, 2020

Cash

40.8m310.3m108.4m

Accounts Receivable

51.6m96.3m118.7m

Prepaid Expenses

12.4m

Inventories

55.2m148.0m118.5m

Current Assets

173.9m619.7m375.2m

PP&E

11.0m10.7m9.8m

Goodwill

69.7m69.7m

Total Assets

509.9m923.6m656.0m

Accounts Payable

22.8m129.6m82.8m

Short-term debt

61.8m97.7m4.3m

Current Liabilities

134.6m590.6m289.1m

Long-term debt

110.8m12.0m424.0m

Non-Current Liabilities

110.8m27.8m447.8m

Total Debt

172.6m109.6m428.3m

Total Liabilities

245.4m618.4m736.9m

Common Stock

127.0k

Preferred Stock

Additional Paid-in Capital

140.5m

Retained Earnings

(221.5m)

Total Equity

264.5m305.2m(80.9m)

Debt to Equity Ratio

0.7 x0.4 x

Debt to Assets Ratio

0.3 x0.1 x

Financial Leverage

1.9 x3 x-8.1 x

Quarterly

USDQ2, 2020Q1, 2021

Cash

18.4m19.1m

Accounts Receivable

98.6m121.9m

Prepaid Expenses

15.6m

Inventories

105.3m124.7m

Current Assets

267.5m285.6m

PP&E

9.8m9.7m

Goodwill

69.7m

Total Assets

558.0m583.3m

Accounts Payable

29.5m71.8m

Short-term debt

32.5m10.6m

Current Liabilities

143.8m232.3m

Long-term debt

16.1m391.7m

Non-Current Liabilities

30.6m421.1m

Total Debt

48.5m402.3m

Total Liabilities

174.3m653.4m

Common Stock

127.0k

Preferred Stock

Additional Paid-in Capital

148.4m

Retained Earnings

(218.6m)

Total Equity

383.6m(70.1m)

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0.1 x

Financial Leverage

1.5 x-8.3 x

Array Technologies Cash Flow

Annual

USDFY, 2018FY, 2019FY, 2020

Net Income

(60.8m)39.7m59.1m

Depreciation and Amortization

28.5m27.3m27.5m

Accounts Receivable

19.4m(40.7m)(23.0m)

Inventories

(10.3m)(94.6m)28.3m

Accounts Payable

6.5m105.5m

Cash From Operating Activities

(11.7m)386.1m(122.2m)

Purchases of PP&E

(2.1m)(1.7m)(1.3m)

Cash From Investing Activities

(6.4m)(1.7m)(1.3m)

Long-term Borrowings

(76.6m)(25.0m)(218.3m)

Cash From Financing Activities

50.9m(63.9m)(129.3m)

Net Change in Cash

32.7m320.4m(252.8m)

Interest Paid

14.3m11.3m6.9m

Income Taxes Paid

176.0k443.0k31.1m

Quarterly

USDQ2, 2019Q2, 2020Q1, 2021

Net Income

(5.2m)76.1m2.9m

Depreciation and Amortization

13.7m13.7m6.5m

Accounts Receivable

(30.5m)(2.6m)(2.7m)

Inventories

(28.6m)42.5m(6.2m)

Accounts Payable

27.8m(99.4m)

Cash From Operating Activities

(2.8m)(247.9m)(42.1m)

Purchases of PP&E

(434.0k)(265.0k)(570.0k)

Cash From Investing Activities

(434.0k)(265.0k)(10.6m)

Long-term Borrowings

(15.0m)(79.4m)(30.0m)

Cash From Financing Activities

(24.5m)(75.1m)(36.6m)

Net Change in Cash

(27.8m)(323.3m)(89.3m)

Interest Paid

5.7m2.9m

Income Taxes Paid

7.0k950.0k

Array Technologies Ratios

USDFY, 2018

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

1.9 x

Array Technologies Operating Metrics

Q2, 2020Aug, 2020

Installed Trackers (US), GW

14

Installed Trackers, GW

17

Patent Applications (Foreign)

72

Patent Applications (US)

17

Patents (Foreign)

17

Patents (US)

7

Solar Trackers Shipped to Date, GW

21

Trademarks (US)

2

Array Technologies Employee Rating

3.628 votes
Culture & Values
2.6
Work/Life Balance
2.9
Senior Management
2.5
Salary & Benefits
3.4
Career Opportunities
3.1
Source