Beam Global FY 2024 revenue $49.3M; gross margin jumps to 15% from 2%

Beam Global

2025-Q1 EPS reported -$1.04 revenue$6,324,000

Revenue of $49.3M, down 27% YoY from $67.4M but 124% above 2022; non-government commercial revenue up 229%.
Gross profit $7.3M (15% margin) vs $1.2M (2%) in 2023; adjusted non-GAAP gross margin 21%.
Net cash used in operations $2.2M, improved from $13.3M in 2023; cash $4.6M, debt free with $100M unused credit line.
Loss from operations $11.7M vs $16.3M; non-GAAP loss from operations $8.9M, down 24% YoY.
Backlog $5.6M; secured $7.4M U.S. Army and $4.8M DHS orders; expanded into Europe, Middle East, Africa.

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