secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001683168-24-005573
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316824005573/0001683168-24-005573-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316824005573/beam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-005573

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