secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001683168-22-007524
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beam Global reports record Q3 revenue of $6.6M, up 227% YoY; backlog $62.2M
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- Revenue $6.6M (+227% YoY); 9-month revenue $14.1M (+156% YoY).
- Gross loss improved to 5% of sales from 10% in Q3 2021; operating expenses $6.5M including $3.7M non-cash fair value change.
- Record contracted backlog of $62.2M to be executed in next 12 months; large orders from U.S. Army ($29.4M) and VA ($11.6M).
- Cash decreased to $4.7M from $21.9M at year-end 2021; working capital down to $12.8M.
- CEO cites 'extraordinary rate of growth' and expects continued expansion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316822007524/0001683168-22-007524-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316822007524/beam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-007524

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