Array Technologies Inc. (ARRY) Misses Q4 EPS by 3c; Offers 2022 Guidance

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Go back to Array Technologies Inc. (ARRY) Misses Q4 EPS by 3c; Offers 2022 Guidance

Array Technologies, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2021

April 5, 2022 4:02 PM EDT

Fourth Quarter 2021 Financial Highlights

Revenue of $219.9 millionNet loss to common stockholders of $32.1 millionAdjusted EBITDA of $0.5 million(1)Adjusted basic and diluted net loss per share of $(0.06)Executed contracts and awarded orders at December 31, 2021 totaling $1.8 billion, a new record

Full Year 2021 Financial Highlights

Revenue of $853.3 millionNet loss to common stockholders of $66.1 millionAdjusted EBITDA of $43.2 million(1)Adjusted Basic and Diluted net income per share of $0.07(1)

(1) A reconciliation of the GAAP to the most comparable Non-GAAP results is included below.

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