Beam Global Q2 revenue $17.8M (+379% YoY); LOI to acquire Amiga for European expansion

Beam Global

2023-Q2 EPS reported -$0.69 revenue$30,839,000

Q2 2023 revenue $17.8M (+379% YoY); record quarterly revenue.
Q2 gross profit $0.5M (3% margin) vs gross loss of $0.3M (9% of sales) in Q2 2022.
Net loss $3.5M (20% of revenue) vs $2.8M (75% of revenue) in Q2 2022.
Cash $23.7M, working capital $37.1M, no debt; $100M credit facility unused.
Signed binding LOI to acquire Amiga DOO for European market; $25M oversubscribed offering.

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 Q2 2023 results: revenue $17.8 million, net income -$3.5 million.

Period: Q2 2023
Revenue: $17.8 million
Net income: -$3.5 million
Result: reported results

Exact text from the filing

security and outdoor media, today announced operating results for the second quarter ended June 30, 2023. Q2 2023 and Recent Company Highlights · Record quarterly revenue of $17.8 million , a 379% increase over Q2 2022 · Record first half revenue of $30.8 million, a 312% increase over first half 2022 · Record Q2 EV ARCTM system deployments; increased 589% YOY,

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Source: SEC EDGAR

accession 0001683168-23-005748

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