Revenue Up, Gross Margin Down For Array Tech. In Q2/2021

Higher Input & Logistics Costs Trouble Array Technologies In Q2/2021 Even As Revenues Grew 76% YoY; Secures Up To $500 Million Capital Commitment From Blackstone Energy Partners

Higher input and freight costs pulled down Array Technologies’ gross margin for Q2/2021 to 13.2% compared to 19.3% in Q2/2020. Yet its revenues went up 76% YoY to $202.8 million and adjusted EBITDA to $16.2 million, growing 23% over same period.

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