Beam Global Q2 2024 revenue $14.8M, record gross margin 16%, net loss $4.9M

Beam Global

2024-Q2 EPS reported -$0.55 revenue$29,373,000

Revenue $14.8M (+2% QoQ); record gross margin 16% vs 10% Q1 2024.
Net loss $4.9M ($0.34 EPS); excluding non-cash items net loss $2.1M ($0.14 EPS).
Purchase orders up 129% YoY; signed first European distributor; pipeline of $183M record.
Debt-free with $100M credit line unused; cash $8.7M, net cash used $0.1M in H1 ops.
Over half of EV ARC orders from new customers; commercial orders up 66% YoY.

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.