Beam Global reports record FY2022 revenue $22M (+144% YoY); gross loss narrows to 8% of sales

Beam Global

Record full-year revenue $22.0M, up 144% YoY; Q4 revenue $7.9M, up 126% YoY.
Record annual orders $76M, up 548% YoY; largest order $29.4M from U.S. Army.
Gross loss improved to 8% of sales (full year) from 11% prior year; Q4 gross loss 9% of sales.
Cash at Dec 31, 2022 was $1.7M, down from $21.9M; working capital $6.8M.
Operating expenses $18.0M for full year, up from $5.6M, driven by $5.5M non-cash contingent consideration.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Beam Global reported the year ended December 31, 2022 results: revenue $22.0 million.

Period: the year ended December 31, 2022
Revenue: $22.0 million
Result: reported results

Exact text from the filing

Full year revenues for 2022 were a record of $22.0 million

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Source: SEC EDGAR

accession 0001683168-23-001893

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