Array Technologies posts declined revenue in Q1 2024
- Admin
- May 13, 2024
- 1 min read
Array Technologies reported a drop in R&D expenses to US$1.9 million for Q1 2024, with adjusted EBITDA decreasing by 45% quarter-on-quarter. The company achieved a revenue of US$153.4 million, down from US$341.6 million in Q4 2023. Array Technologies aims for a revenue of US$1.25-1.4 billion in 2024.
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