secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0001683168-25-002464
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316825002464/0001683168-25-002464-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316825002464/beam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-002464

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