secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001683168-24-002474
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316824002474/0001683168-24-002474-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316824002474/beam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-002474

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