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Dec 31, 2021
Array Technologies Q4 2021 Earnings Report
Reported financial results for the fourth quarter and full year 2021.
Key Takeaways
Array Technologies reported Q4 2021 revenue of $219.9 million and a net loss of $32.1 million. The company's adjusted EBITDA was $0.5 million, and adjusted loss per share was $(0.06). Executed contracts and awarded orders totaled $1.8 billion as of December 31, 2021.
Revenue increased 22% to $219.9 million compared to the prior-year period.
Net loss to common stockholders was $32.1 million compared to a net loss of $9.8 million during the same period in the prior year.
Adjusted EBITDA decreased to $0.5 million, compared to $20.0 million for the prior-year period.
Total executed contracts and awarded orders at December 31, 2021 were $1.8 billion.
Forward Guidance
For the year ending December 31, 2022, the Company expects revenue to be in the range of $1.45 billion to $1.75 billion, adjusted EBITDA to be in the range of $170 million to $210 million and adjusted net income per share to be in the range of $0.55 to $0.74.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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