L R AS Published on Saturday 13 May 2023 - n° 445 - Categories:company results
Array Tech in 2022 to improve profitability
Tracker manufacturer Array Technologies' first quarter 2023 revenue reached $377 million, an increase of
In the first quarter of 2022, after a bumpy year in 2021 due to supply chain issues affecting the company's revenues, adjusted ebitda increased significantly from $0.7 million to $67 million.After a bumpy year in 2021 due to supply chain issues affecting the company's revenues, adjusted ebitda increased significantly from $0.7 million in Q1 2022 to $67 million in Q1 2023.
For the full year 2023, revenues will be between $1.8 and $1.9 billion, with adjusted ebitda in the range of $240-265 million (13.8% margin)
PV Tech of 10 May 2023
