secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2025-11-14T23:59:59+00:00
Accession:  0001437749-25-035217
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beam Global Q3 revenue down 50% to $5.8M; net loss of $4.9M vs prior-year profit
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- Revenue $5.8M, down 50% YoY; net loss $4.9M vs $1.3M profit in Q3 2024.
- Gross margin -1% (gross loss $28k) on fixed overhead absorption; adjusted 13% excluding non-cash costs.
- Nine-month revenue $19.2M (-53% YoY); non-GAAP gross margin 22% vs 18%; operating expenses down $1.9M.
- Cash $3.3M; debt-free with $100M credit line undrawn; contracted backlog $8M.
- Expanded into Middle East via JV in Abu Dhabi; GSA contract renewed through 2030.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000143774925035217/0001437749-25-035217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000143774925035217/beem20250917_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-035217

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer