secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001683168-23-005748
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316823005748/0001683168-23-005748-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316823005748/beam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-005748

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