Beam Global Q3 2024: Revenue $11.5M, gross margin 10.7%, net income $1.3M

Beam Global

2024-Q3 EPS reported -$0.46 revenue$40,855,000

Revenue of $11.5M, second highest Q3 ever, down 22% from Q2 2024 due to order timing and election uncertainty.
Gross margin 10.7% of sales (up 9pp YoY); net of non-cash items gross margin was 17.6%.
Net income of $1.3M vs net loss $3.6M in Q3 2023, driven by $6.1M non-cash reversal of contingent consideration.
Pipeline over $200M record; backlog $7M; debt free with $100M credit line unused.
Operational: acquired Telcom for in-house power electronics; launched 4 new products; first European order delivered.

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.