secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001683168-23-008032
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316823008032/0001683168-23-008032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316823008032/beam_8k-111423.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-008032

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