secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001683168-23-003401
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beam Global Q1 revenue record $13M (+245% YoY); net loss $3.8M
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- Revenue $13.0M, up 245% YoY and 65% QoQ; gross profit positive $0.005M vs gross loss $0.3M in Q1 2022.
- Net loss $3.8M, compared to $2.3M in Q1 2022; non-cash items $0.9M.
- Cash $1.0M at March 31, 2023; $5M at time of reporting (May 15); $100M credit facility undrawn.
- Record backlog $52M; order pipeline $117-132M; EV ARC deployments +233% YoY.
- EV ARC sales price hiked 8.25% effective May 1, 2023; management expects further margin improvements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316823003401/0001683168-23-003401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316823003401/beam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-003401

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