Array Technologies Inc
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
ARRY$4.73-8.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations F-
Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | $915,807 | $1,576,551 | $1,637,546 |
| Cost of revenue: | |||
| Cost of product and service revenue | 603,572 | 1,146,442 | 1,410,270 |
| Amortization of developed technology | 14,558 | 14,558 | 14,558 |
| Total cost of revenue | 618,130 | 1,161,000 | 1,424,828 |
| Gross profit | 297,677 | 415,551 | 212,718 |
| Operating expenses: | |||
| General and administrative | 160,567 | 159,535 | 150,777 |
| Change in fair value of contingent consideration | 125 | 2,964 | (4,507) |
| Depreciation and amortization | 36,086 | 38,928 | 84,581 |
| Long-lived assets impairment | 91,904 | — | — |
| Goodwill impairment | 236,000 | — | — |
| Total operating expenses | 524,682 | 201,427 | 230,851 |
| (Loss) income from operations | (227,005) | 214,124 | (18,133) |
| Other (expense) income, net | (1,008) | (1,015) | 2,789 |
| Interest income | 16,777 | 8,330 | 3,181 |
| Legal settlement | — | — | 42,750 |
| Foreign currency (loss) gain, net | (4,515) | (53) | 1,155 |
| Interest expense | (34,825) | (44,229) | (36,694) |
| Total other (expense) income | (23,571) | (36,967) | 13,181 |
| (Loss) income before income tax expense (benefit) | (250,576) | 177,157 | (4,952) |
| Income tax (benefit) expense | (10,182) | 39,917 | (9,384) |
| Net (loss) income | (240,394) | 137,240 | 4,432 |
| Preferred dividends and accretion | 55,670 | 51,691 | 48,054 |
| Net (loss) income to common shareholders | $(296,064) | $85,549 | $(43,622) |
| (Loss) income per common share | |||
| Basic | $(1.95) | $0.57 | $(0.29) |
| Diluted | $(1.95) | $0.56 | $(0.29) |
| Weighted average common shares outstanding | |||
| Basic | 151,754 | 150,942 | 149,819 |
| Diluted | 151,754 | 152,022 | 149,819 |
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