Array Technologies Inc reported in the first quarter of 2023 net earnings per share of $0.09 an improvement compare to net loss per share of $-0.23 recorded a year ago and an improvement compare to net loss per share of $-0.12 realized in previous quarter.
first quarter of 2023
Earnings Per Share
Revenues
$ 0.09
$
377 Mill
$+0.32
$+76M+25.35 %
Array Technologies Inc 's Revenue
rose by
25.35 % in first quarter of 2023 (Mar 31 2023) year on year,
to $377 million and
declined by
-6.29 % sequentially.
Array Technologies Inc is Expected to report next financial results on June 23, 2023.
Array Technologies Inc 's
net income of $26.132 million in the first quarter of 2023 increased from net loss of $-22.054 million I. Quarter a year ago.
Sequentially
Company turn into Profitability from net loss of $-9.110 million recorded in previous quarter.
Array Technologies Inc Inventories Inventories declined by -14.84 % to $254.62 million from I. Quarter a year ago, sequentially inventories rose by 9.21 %.
ARRY's Cash flow
In thefirst quarter of 2023 company's net cash flow was $14 million, capital expenditures fell by 64.74%, to $-4 millions compare to same quarter a year ago and fell by
