Last 7 days
-2.8%
Last 30 days
5.3%
Last 90 days
-32.5%
Trailing 12 Months
-24.9%
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2023 | 1.7B | 1.8B | 1.6B | 0 |
2022 | 905.7M | 1.1B | 1.5B | 1.6B |
2021 | 683.2M | 764.8M | 814.0M | 853.3M |
2020 | 811.5M | 975.1M | 916.8M | 872.7M |
2019 | 380.1M | 469.3M | 558.6M | 647.9M |
2018 | 0 | 0 | 0 | 290.8M |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Oct 30, 2023 | patel nipul m. | sold (taxes) | -19,908 | 18.00 | -1,106 | chief financial officer |
Sep 01, 2023 | hottinger tyson | sold | -187,825 | 25.0433 | -7,500 | chief legal officer |
Aug 17, 2023 | jokinen tracy c | acquired | - | - | 7,051 | - |
Aug 14, 2023 | patel nipul m. | sold | -1,262,190 | 23.12 | -54,593 | chief financial officer |
Aug 11, 2023 | hottinger tyson | sold | -198,220 | 23.32 | -8,500 | chief legal officer |
Aug 03, 2023 | collins terrance l | sold (taxes) | -27,943 | 18.83 | -1,484 | chief human resources officer |
Jun 13, 2023 | schmid gerrard | acquired | - | - | 69.00 | - |
Jun 13, 2023 | forth john bradford | acquired | - | - | 69.00 | - |
Jun 13, 2023 | alstead troy | acquired | - | - | 69.00 | - |
Jun 13, 2023 | almirante paulo | acquired | - | - | 69.00 | - |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
Dec 06, 2023 | CITIGROUP INC | reduced | -79.8 | -1,930,640 | 477,506 | -% |
Dec 06, 2023 | Raleigh Capital Management Inc. | sold off | -100 | -7,187 | - | -% |
Dec 04, 2023 | TUCKER ASSET MANAGEMENT LLC | sold off | -100 | -61,992 | - | -% |
Dec 01, 2023 | B. Riley Wealth Advisors, Inc. | reduced | -60.95 | -990,982 | 616,194 | 0.02% |
Nov 27, 2023 | TRUST CO OF VERMONT | unchanged | - | -1,127 | 61,023 | -% |
Nov 24, 2023 | DEUTSCHE BANK AG\ | reduced | -2.52 | -1,620,130 | 36,118,700 | 0.02% |
Nov 22, 2023 | Graham Capital Management, L.P. | sold off | -100 | -858,280 | - | -% |
Nov 22, 2023 | KBC Group NV | unchanged | - | - | 8,384,000 | 0.04% |
Nov 22, 2023 | Polar Capital Holdings Plc | sold off | -100 | -12,836,800 | - | -% |
Nov 21, 2023 | COMERICA BANK | new | - | 2,278 | 2,278 | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Nov 17, 2023 | hill city capital, lp | 5.14% | 7,770,335 | SC 13G | |
Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 9.20% | 13,841,925 | SC 13G/A | |
Feb 08, 2023 | invesco ltd. | 3.5% | 5,243,222 | SC 13G/A | |
Jan 30, 2023 | blackrock inc. | 10.7% | 16,134,994 | SC 13G/A | |
Jan 17, 2023 | norges bank | 5.10% | 7,679,550 | SC 13G | |
Jan 17, 2023 | norges bank | 4.81% | 7,233,072 | SC 13G/A | |
Sep 01, 2022 | blackstone holdings ii l.p. | 4.2% | 6,272,613 | SC 13D/A | |
Jul 08, 2022 | blackrock inc. | 10.4% | 15,607,696 | SC 13G | |
Feb 14, 2022 | price t rowe associates inc /md/ | 0.8% | 1,132,298 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Nov 20, 2023 | 3 | Insider Trading | |
Nov 17, 2023 | SC 13G | Major Ownership Report | |
Nov 07, 2023 | 8-K | Current Report | |
Nov 07, 2023 | 10-Q | Quarterly Report | |
Nov 01, 2023 | 4 | Insider Trading | |
Sep 05, 2023 | 4 | Insider Trading |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
FSLR | 15.5B | 3.2B | 5.48% | -4.80% | 32.77 | 4.91 | 25.28% | 400.24% |
ENPH | 14.1B | 2.7B | 33.91% | -67.81% | 24.59 | 5.18 | 34.37% | 93.04% |
MID-CAP | ||||||||
SEDG | 4.5B | 3.6B | 10.61% | -75.15% | 20.47 | 1.25 | 28.13% | 90.99% |
RUN | 2.8B | 2.4B | 23.35% | -55.61% | -2.36 | 1.19 | 9.54% | -1758.41% |
ARRY | 2.4B | 1.6B | 5.33% | -24.86% | 21.91 | 1.46 | 12.48% | 991.33% |
SHLS | 2.3B | 453.2M | -8.97% | -46.13% | 16.4 | 4.98 | 61.65% | 712.35% |
SMALL-CAP | ||||||||
SPWR | 833.8M | 1.9B | 17.53% | -78.60% | 13.18 | 0.44 | 34.20% | 140.78% |
FTCI | 93.7M | 130.0M | 78.57% | -70.36% | -1.57 | 0.72 | -34.52% | 42.12% |
BEEM | 74.3M | 69.3M | -11.75% | -74.51% | -3.95 | 1.07 | 200.07% | -35.41% |
ASTI | 48.7M | 468.1K | 6.02% | -99.86% | -2.84 | 103.96 | -62.86% | 5.35% |
SUNW | 11.3M | 154.9M | -34.29% | -89.25% | -0.18 | 0.07 | 10.63% | -80.26% |
Income Statement (Quarterly) | (In Thousands) | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Revenue | -31.0% | 350 | 508 | 377 | 402 | 515 | 420 | 301 | 220 | 189 | 197 | 248 | 181 | 139 | 115 | 438 | 225 | 198 | - | - | - |
Cost Of Revenue | -26.5% | 263 | 358 | 276 | 322 | 435 | 380 | 274 | 210 | 183 | 176 | 202 | 145 | 113 | 93.00 | 319 | 164 | 151 | - | - | - |
Gross Profit | -41.8% | 87.00 | 150 | 101 | 81.00 | 80.00 | 40.00 | 27.00 | 10.00 | 6.00 | 21.00 | 46.00 | 35.00 | 27.00 | 22.00 | 118 | 61.00 | 47.00 | - | - | - |
Operating Expenses | -12.3% | 47.00 | 54.00 | 54.00 | 64.00 | 63.00 | 53.00 | 65.00 | 30.00 | 25.00 | 21.00 | 31.00 | 38.00 | 32.00 | 21.00 | 17.00 | 20.00 | 19.00 | - | - | - |
S&GA Expenses | -7.0% | 37.00 | 40.00 | 38.00 | 38.00 | 39.00 | 29.00 | 45.00 | 23.00 | 18.00 | 15.00 | 25.00 | 21.00 | 12.00 | 11.00 | 12.00 | 13.00 | 10.00 | - | - | - |
EBITDA Margin | -1.5% | 0.16* | 0.17* | 0.12* | 0.08* | 0.05* | -0.03* | -0.03* | 0.00* | 0.03* | 0.05* | 0.04* | 0.14* | 0.18* | 0.20* | 0.22* | 0.17* | 0.18* | - | - | -0.12* |
Interest Expenses | 29.2% | 13.00 | 10.00 | 10.00 | 10.00 | 9.00 | 8.00 | 7.00 | 7.00 | 13.00 | 7.00 | 9.00 | 7.00 | 1.00 | 2.00 | 5.00 | 5.00 | 4.00 | - | - | - |
Income Taxes | -67.7% | 7.00 | 22.00 | 10.00 | 14.00 | 10.00 | -18.40 | -14.70 | -5.24 | -5.36 | -1.80 | 2.00 | 1.00 | 1.00 | -5.83 | 23.00 | 9.00 | 6.00 | - | - | - |
Earnings Before Taxes | -65.1% | 30.00 | 87.00 | 36.00 | 9.00 | 51.00 | -23.46 | -40.68 | -27.13 | -32.92 | -7.35 | 6.00 | -9.20 | -5.81 | -3.44 | 96.00 | 35.00 | 24.00 | - | - | - |
EBT Margin | -2.1% | 0.10* | 0.10* | 0.04* | 0.00* | -0.02* | -0.11* | -0.11* | -0.07* | -0.04* | -0.01* | -0.02* | 0.09* | 0.13* | 0.16* | 0.18* | 0.10* | 0.12* | - | - | -0.28* |
Net Income | -64.2% | 23.00 | 65.00 | 26.00 | -5.25 | 41.00 | -5.02 | -25.94 | -21.90 | -27.56 | -5.52 | 5.00 | -9.77 | -7.23 | 2.00 | 74.00 | 27.00 | 18.00 | - | - | - |
Net Income Margin | -5.1% | 0.07* | 0.07* | 0.03* | 0.00* | -0.01* | -0.07* | -0.09* | -0.06* | -0.05* | -0.03* | -0.02* | 0.07* | 0.10* | 0.12* | 0.14* | 0.06* | 0.09* | - | - | -0.21* |
Free Cashflow | 362.9% | 69.00 | 15.00 | 42.00 | 94.00 | 102 | -12.20 | -52.45 | -98.45 | -32.78 | -92.59 | -42.72 | 104 | 21.00 | -47.42 | -200 | 397 | -4.10 | - | - | -3.45 |
Balance Sheet | (In Millions) | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Assets | -4.0% | 1,779 | 1,853 | 1,794 | 1,706 | 1,734 | 1,819 | 1,784 | 1,143 | 770 | 617 | 586 | 656 | 552 | 676 | 800 | 924 | 820 | 717 | 613 | 510 |
Current Assets | -5.0% | 863 | 908 | 867 | 831 | 871 | 902 | 816 | 852 | 485 | 325 | 288 | 375 | 265 | - | - | 620 | - | - | - | 174 |
Cash Equivalents | 11.6% | 174 | 156 | 148 | 134 | 63.00 | 51.00 | 49.00 | 368 | 116 | 18.00 | 19.00 | 108 | 27.00 | 38.00 | 103 | 361 | 3.00 | - | - | 41.00 |
Inventory | 4.4% | 216 | 207 | 255 | 233 | 270 | 330 | 299 | 206 | 173 | 138 | 125 | 118 | 97.00 | - | - | 148 | - | - | - | 55.00 |
Net PPE | -3.8% | 30.00 | 31.00 | 26.00 | 23.00 | 20.00 | 18.00 | 17.00 | 11.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | - | - | 11.00 | - | - | - | 11.00 |
Goodwill | -3.3% | 427 | 441 | 2.00 | 416 | 401 | 418 | 442 | 70.00 | 70.00 | 70.00 | 70.00 | 70.00 | 70.00 | - | - | 70.00 | - | - | - | 70.00 |
Liabilities | -6.3% | 1,162 | 1,240 | 1,275 | 1,282 | 1,335 | 1,414 | 1,332 | 975 | 534 | 689 | 654 | 737 | 175 | 323 | 471 | 618 | 525 | 432 | 339 | 245 |
Current Liabilities | -7.9% | 401 | 435 | 471 | 465 | 513 | 513 | 433 | 245 | 214 | 168 | 233 | 289 | 147 | - | - | 591 | - | - | - | 135 |
LT Debt, Current | 3.5% | 39.00 | 37.00 | 34.00 | 39.00 | 48.00 | 51.00 | 48.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | - | - | - | 56.00 | - | - | - | 20.00 |
LT Debt, Non Current | -6.2% | 659 | 702 | 706 | 720 | 725 | 794 | 778 | 711 | 299 | 494 | 392 | 424 | - | - | - | - | - | - | - | 59.00 |
Shareholder's Equity | -3.1% | 278 | 287 | 207 | 124 | 111 | 110 | 170 | -69.20 | 1.00 | - | - | - | - | - | - | 305 | - | - | - | - |
Retained Earnings | 13.2% | -153 | -176 | -241 | -267 | -262 | -302 | -297 | -271 | -250 | -222 | -216 | -221 | - | - | - | - | - | - | - | - |
Additional Paid-In Capital | -2.3% | 408 | 418 | 426 | 383 | 393 | 402 | 411 | 203 | 251 | 150 | 148 | 140 | - | - | - | - | - | - | - | - |
Shares Outstanding | -100.0% | - | 151 | 151 | - | 150 | 150 | 148 | - | 131 | 127 | 127 | - | 120 | 120 | 120 | 120 | 120 | - | - | 120 |
Cashflow (Quarterly) | (In Thousands) | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Cashflow From Operations | 248.7% | 71,618 | 20,540 | 45,816 | 97,470 | 104,787 | -10,667 | -50,097 | -97,350 | -31,728 | -91,961 | -42,148 | 104,295 | 21,400 | -47,324 | -200,576 | 397,593 | - | - | - | - |
Share Based Compensation | -31.6% | 3,384 | 4,945 | 3,366 | 3,305 | 4,205 | 2,964 | 4,508 | 2,051 | 2,239 | 1,556 | 7,911 | 1,545 | 853 | 653 | 1,758 | 799 | - | - | - | - |
Cashflow From Investing | 60.5% | -2,191 | -5,541 | -3,883 | -3,931 | -2,793 | -1,540 | -376,173 | -1,105 | -1,052 | -2,605 | -10,570 | -728 | -345 | -97.00 | -168 | -913 | - | - | - | - |
Cashflow From Financing | -190.2% | -45,128 | -15,552 | -23,762 | -24,706 | -89,551 | 21,961 | 100,736 | 349,734 | 131,489 | 93,115 | -36,590 | -22,270 | -31,895 | -17,416 | -57,692 | -38,271 | - | - | - | - |
Condensed Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Income Statement [Abstract] | ||||
Revenue | $ 350,438 | $ 515,024 | $ 1,234,936 | $ 1,235,475 |
Cost of revenue: | ||||
Cost of product and service revenue | 259,419 | 434,801 | 892,696 | 1,088,719 |
Amortization of developed technology | 3,640 | 3,640 | 10,918 | 10,918 |
Total cost of revenue | 263,059 | 438,441 | 903,614 | 1,099,637 |
Gross profit | 87,379 | 76,583 | 331,322 | 135,838 |
Operating expenses: | ||||
General and administrative | 37,432 | 38,703 | 115,825 | 113,064 |
Change in fair value of contingent consideration | 190 | (572) | 2,232 | (5,981) |
Depreciation and amortization | 9,552 | 21,258 | 29,361 | 63,237 |
Total operating expenses | 47,174 | 59,389 | 147,418 | 170,320 |
Income (loss) from operations | 40,205 | 17,194 | 183,904 | (34,482) |
Other (expense) income: | ||||
Other (expense), net | (446) | (1,092) | (127) | (2,295) |
Interest income | 3,425 | 778 | 6,124 | 2,371 |
Legal settlement | 0 | 42,750 | 0 | 42,750 |
Foreign currency gain (loss) | 207 | (159) | 273 | 1,968 |
Change in fair value of derivative assets | 116 | 0 | (1,140) | 0 |
Interest expense | (13,064) | (8,831) | (35,372) | (23,812) |
Total other (expense) income | (9,762) | 33,446 | (30,242) | 20,982 |
Income (loss) before taxes | 30,443 | 50,640 | 153,662 | (13,500) |
Income tax expense (benefit) | 7,229 | 9,996 | 39,508 | (23,183) |
Net income | 23,214 | 40,644 | 114,154 | 9,683 |
Preferred dividends and accretion | 13,091 | 12,257 | 38,359 | 36,045 |
Net income (loss) to common shareholders, basic | 10,123 | 28,387 | 75,795 | (26,362) |
Net income (loss) to common shareholders, diluted | $ 10,123 | $ 28,387 | $ 75,795 | $ (26,362) |
Income (loss) per common share | ||||
Basic (in dollars per share) | $ 0.07 | $ 0.19 | $ 0.50 | $ (0.18) |
Diluted (in dollars per share) | $ 0.07 | $ 0.19 | $ 0.50 | $ (0.18) |
Weighted average number of common shares outstanding | ||||
Basic (in shares) | 151,068 | 150,322 | 150,865 | 149,604 |
Diluted (in shares) | 152,323 | 151,382 | 152,083 | 149,604 |
Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 174,010 | $ 133,901 |
Accounts receivable, net of allowance of $1,418 and $1,888, respectively | 427,664 | 421,183 |
Inventories | 216,018 | 233,159 |
Income tax receivables | 367 | 3,532 |
Prepaid expenses and other | 45,029 | 39,434 |
Total current assets | 863,088 | 831,209 |
Property, plant and equipment, net | 29,521 | 23,174 |
Goodwill | 426,541 | 416,184 |
Other intangible assets, net | 353,923 | 386,364 |
Deferred income tax assets | 0 | 16,466 |
Derivative assets | 64,130 | 0 |
Other assets | 41,554 | 32,655 |
Total assets | 1,778,757 | 1,706,052 |
Current liabilities: | ||
Accounts payable | 171,730 | 170,430 |
Accrued expenses and other | 72,638 | 54,895 |
Accrued warranty reserve | 2,506 | 3,690 |
Income tax payable | 6,143 | 6,881 |
Deferred revenue | 100,757 | 178,922 |
Current portion of contingent consideration | 1,814 | 1,200 |
Current portion of debt | 38,767 | 38,691 |
Other current liabilities | 6,155 | 10,553 |
Total current liabilities | 400,510 | 465,262 |
Deferred income tax liabilities | 69,928 | 72,606 |
Contingent consideration, net of current portion | 7,805 | 7,387 |
Other long-term liabilities | 21,820 | 14,808 |
Long-term warranty | 3,421 | 1,786 |
Long-term debt, net of current portion | 658,879 | 720,352 |
Total liabilities | 1,162,363 | 1,282,201 |
Commitments and contingencies (Note 11) | ||
Series A Redeemable Perpetual Preferred Stock of $0.001 par value - 500,000 authorized; 425,956 and 406,389 shares issued as of September 30, 2023 and December 31, 2022, respectively; liquidation preference of $493.1 million and $493.1 million at respective dates | 337,929 | 299,570 |
Stockholders’ equity: | ||
Preferred stock of $0.001 par value - 4,500,000 shares authorized; none issued at respective dates | 0 | 0 |
Common stock of $0.001 par value - 1,000,000,000 shares authorized; 151,071,429 and 150,513,104 shares issued at respective dates | 151 | 150 |
Additional paid-in capital | 407,916 | 383,176 |
Accumulated deficit | (153,316) | (267,470) |
Accumulated other comprehensive income | 23,714 | 8,425 |
Total stockholders’ equity | 278,465 | 124,281 |
Total liabilities, redeemable perpetual preferred stock and stockholders’ equity | $ 1,778,757 | $ 1,706,052 |
 CEO | Mr. Kevin G. Hostetler |
---|---|
 WEBSITE | arraytechinc.com |
 EMPLOYEES | 1096 |