---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-002474"
form_type: "8-K"
ticker: "BEEM"
cik: "0001398805"
company_name: "Beam Global"
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:36:03.644429+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Beam Global reports record 2023 revenue $67.4M (+206% YoY); net loss narrows to $16.1M

## Summary
- Record full year revenue $67.4M, up 206% YoY; Q4 revenue $20.0M, up 154% YoY.
- Gross profit $1.2M (2% of sales), improved from -$1.7M in 2022; excluding non-cash amortization, $2.1M.
- Net loss $16.1M vs $19.7M in 2022; non-cash items $4.3M. Operating expenses improved to 26% of revenue from 82%.
- Cash $10.4M (up from $1.7M); working capital $23.8M; debt free with $100M credit line unused.
- Pipeline $150M, backlog $22M; $7.4M US Army order, $4.8M DHS order; acquired Amiga to create Beam Europe.

## SEC filing metadata
- accession: 0001683168-24-002474
- form_type: 8-K
- ticker: BEEM
- cik: 0001398805
- company_name: Beam Global
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1398805/000168316824002474/0001683168-24-002474-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1398805/000168316824002474/beam_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-002474
- JSON: https://secwatch.observer/filing/0001683168-24-002474.json
- Plain text: https://secwatch.observer/filing/0001683168-24-002474.txt

## Key facts
- Earnings Releases
  Beam Global reported the year ended December 31, 2023 results: revenue $67.4 million, net income $5.1 million.
  - Period: the year ended December 31, 2023
  - Revenue: $67.4 million
  - Net income: $5.1 million
  - Result: reported results
  source text: Full year revenues for 2023 were a record $67.4 million, a 206% increase over 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1398805/000168316824002474/0001683168-24-002474-index.htm
- Earnings Releases
  Beam Global reported the fourth quarter of 2023 results: revenue $20.0 million.
  - Period: the fourth quarter of 2023
  - Revenue: $20.0 million
  - Result: reported results
  source text: For the fourth quarter of 2023, Beam Global reported record revenues of $20.0 million, a 154% increase over the same period in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1398805/000168316824002474/0001683168-24-002474-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.