secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2024-05-21T23:59:59+00:00
Accession:  0001683168-24-003718
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beam Global Q1 revenue $14.6M (+12% YoY), gross margin 10.2%, net loss narrows to $3.0M
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- Record Q1 revenue of $14.6M, up 12% from $13.0M in Q1 2023.
- Gross profit of $1.5M (10.2% margin) vs $5k (0.04%) a year ago; improvement from cost cuts.
- Net loss of $3.0M ($0.81 per share) vs $3.8M ($1.15) in Q1 2023; non-cash items $1.1M.
- Backlog $20M, sales pipeline over $160M; debt-free with $100M undrawn credit line.
- Notable orders: $7.4M U.S. Army, $4.8M DHS, $1.0M UK Ministry of Defence contracts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316824003718/0001683168-24-003718-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316824003718/beam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-003718

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