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Array Technologies, Inc.

ARRY · Nasdaq

No reporting failures in the last 12 months

It filed on time and stood behind its numbers. Of companies scoring zero, 4.0% were delisted, went bankrupt, restated or stopped filing within the following year.

$707Mpublic float
2023-04-10most recent failure
2023-03-02declared past accounts unreliable
2022-11-08declared past accounts unreliable

Score over time

0246202220232024202520262022-04-01 · score 22022-03-29 accounts unreliable2022-03-02 filed late (10-K) · accounts not ready2022-07-01 · score 22022-03-29 accounts unreliable2022-03-02 filed late (10-K) · accounts not ready2022-10-01 · score 22022-03-29 accounts unreliable2022-03-02 filed late (10-K) · accounts not ready2023-01-01 · score 32022-11-08 accounts unreliable2022-03-29 accounts unreliable2022-03-02 filed late (10-K) · accounts not ready2023-04-01 · score 52023-03-31 auditor change2023-03-15 filed late (10-K/A) · accounts not ready2023-03-02 filed late (10-K) · acquisition or merger2023-03-02 accounts unreliable2022-11-08 accounts unreliable2023-07-01 · score 62023-04-10 auditor change2023-03-31 auditor change2023-03-15 filed late (10-K/A) · accounts not ready2023-03-02 filed late (10-K) · acquisition or merger2023-03-02 accounts unreliable+1 more2023-10-01 · score 62023-04-10 auditor change2023-03-31 auditor change2023-03-15 filed late (10-K/A) · accounts not ready2023-03-02 filed late (10-K) · acquisition or merger2023-03-02 accounts unreliable+1 more2024-01-01 · score 52023-04-10 auditor change2023-03-31 auditor change2023-03-15 filed late (10-K/A) · accounts not ready2023-03-02 filed late (10-K) · acquisition or merger2023-03-02 accounts unreliable2024-04-01 · score 12023-04-10 auditor change

Hover or tap a dot to see the filings behind that score.

Why they said they were late

On March 2, 2023, Array Technologies, Inc. (the “Company”) filed a Notification of Late Filing on Form 12b-25 (the “Original Form 12b-25”) reporting that it required additional time to complete its Annual Report on Form 10-K for the period ended December 31, 2022 (the “Annual Report”) principally because the Company required additional time to (i) complete its review of its new subsidiaries’ financial information and consolidation of these results into the Company’s financial statements and (ii) correct errors in the unaudited condensed consolidated financial statements as of and for the quarter and year-to-date periods ended March 31, 2022, June 30, 2022 and September 30, 2022. This amendment to the Original Form 12b-25 is being filed to report that the Company will not be filing the Annual Report within the 15-day extension period provided by the Original Form 12b-25, as additional time is needed to complete the Annual Report. The Company is continuing in its efforts to file the Annual Report as soon as reasonably practicable. The Company does not expect that the anticipated timing of filing the Annual Report will affect any of the financial reporting covenants under the credit agreement, dated October 14, 2020, governing its term loan facility and revolving credit facility, or under the indenture, dated December 3, 2021, governing the Company’s 1.00% Convertible Senior Notes due 2028

NT 10-K/A, filed 2023-03-15 · accounts not ready

What it filed

2023-04-10auditor changed or resigned SEC →

2023-03-31auditor changed or resigned SEC →

2023-03-15filed late (10-K/A)accounts not ready SEC →

On March 2, 2023, Array Technologies, Inc. (the “Company”) filed a Notification of Late Filing on Form 12b-25 (the “Original Form 12b-25”) reporting that it required additional time to complete its Annual Report on Form 10-K for the period ended December 31, 2022 (the “Annual Report”) principally because the Company required additional time to (i) complete its review of its new subsidiaries’ financial information and consolidation of these results into the Company’s financial statements and (ii) correct errors in the unaudited condensed consolidated financial statements as of and for the quarter and year-to-date periods ended March 31, 2022, June 30, 2022 and September 30, 2022. This amendment to the Original Form 12b-25 is being filed to report that the Company will not be filing the Annual Report within the 15-day extension period provided by the Original Form 12b-25, as additional time is needed to complete the Annual Report. The Company is continuing in its efforts to file the Annual Report as soon as reasonably practicable. The Company does not expect that the anticipated timing of filing the Annual Report will affect any of the financial reporting covenants under the credit agreement, dated October 14, 2020, governing its term loan facility and revolving credit facility, or under the indenture, dated December 3, 2021, governing the Company’s 1.00% Convertible Senior Notes due 2028

2023-03-02filed late (10-K)acquisition or merger SEC →

Array Technologies, Inc., (the “Company”) has determined that it is unable to file its Annual Report on Form 10-K for the year ended December 31, 2022 (the “Annual Report”) by its original due date, March 1, 2023. As disclosed in the Company’s current report on Form 8-K filed with the Securities and Exchange Commission on January 12, 2022, the Company completed the acquisition (the “STI Acquisition”) of Soluciones Técnicas Integrales Norland, S.L.U. (“STI Spain”), a Spanish private limited liability company, and its subsidiaries (together with STI Spain, “STI”) on January 11, 2022. The Company is still in the process of reviewing the financial information of several of the foreign subsidiaries acquired through the STI Acquisition during the 2022 fiscal year. The process of completing the required review of our new subsidiaries’ financial information and consolidation of these results into the Company’s financial statements could not be completed prior to the Annual Report original due date of March 1, 2023. During the preparation of Company’s consolidated financial statements for the quarter and year ended December 31, 2022, the Company noted that the intangible assets acquired and goodwill recognized in connection with the STI Acquisition as of the acquisition date required a reclassification between the two balances. Additionally, the Company noted that the intangible assets acquired and goodwill recognized in connection with the STI Acquisition were not maintained in the appropriate functional currency . The net impact of the reclassification and the correction to the functional currency is expected to materially increase goodwill as well as other intangible assets, net, deferred tax liability and accumulated other comprehensive income (loss) on the Consolidated Balance Sheets for the quarters ended March 31, 2022, June 30, 2022 and September 30, 2022 (collectively, the “Affected Periods”)

2023-03-02accounts declared unreliable SEC →

2022-11-08accounts declared unreliable SEC →

2022-03-29accounts declared unreliable SEC →

2022-03-02filed late (10-K)accounts not ready SEC →

Array Technologies, Inc., (the “Company”) has determined that it is unable to file its Annual Report on Form 10-K by its original due date, March 1, 2022, because the Company needs additional time to complete its year-end reporting process after becoming a large accelerated filer for the first time this past year and, also, to evaluate the accounting for certain transactions during the audit period. The Company is assessing the classification and recognition of its revenue for the sale of tracker products, which could reflect a change to the period in which revenue is recognized (the Company’s average contract is performed over a 3-5 month period). The Company is still evaluating whether any adjustments would be required and, if so, whether they would be material. It is important to note that there will not be a change in the aggregate revenue and profitability of any of the Company’s contracts over time. While the Company’s assessment is ongoing, the Company will not be able to provide the financial statements required to be included in its Annual Report for the fiscal year ended December 31, 2021. The Company intends to file the annual report as soon as practicable after its review is complete. Although the Company cannot estimate when it will complete its review, it is working diligently to do so

About this score

reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.

Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.

See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.

Every item above is a filing this company made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not investment advice

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