Beam Global Q3 revenue $16.5M (+149% YoY); net loss narrows to $3.6M

Beam Global

2023-Q3 EPS reported -$0.79 revenue$47,325,000

Record quarterly revenue of $16.5M, up 149% vs Q3 2022; YTD revenue $47.3M (+236%).
Gross profit improved to 2% of sales from (5%) in Q3 2022; net loss $3.6M vs $6.8M.
Closed Amiga DOO acquisition on Oct 20, 2023, expanding into European markets with 200+ employees.
Oversubscribed public offering raised $25M net; cash $14.8M (from $1.7M at Dec 2022); debt-free.
Backlog $31M, pipeline over $112M; launched 160 mph wind-rated EV ARC product line.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.