Array technologies, inc. reports financial results for the third quarter 2024 – delivers exceptional gross margin growth and continued operational momentum

Third quarter 2024 highlights revenue of $231.4 million gross margin of 33.8% adjusted gross margin of 35.4%(1) net loss to common shareholders of $(155.4) million net loss to common shareholders inclusive of $162 million non-cash goodwill impairment charge associated with the 2022 sti acquisition adjusted ebitda(1) of $46.7 million basic and diluted net loss per share of $(1.02) adjusted diluted net income per share(1) of $0.17 albuquerque, n.m., nov. 07, 2024 (globe newswire) -- array technologies (nasdaq: arry) (“array” or the “company”), a global leader in utility-scale solar tracking, today announced financial results for its third quarter ended september 30, 2024.
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