Beam Global Q1 revenue drops 58% YoY to $6.3M; net loss $15.5M on $10.8M goodwill impairment

Beam Global

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

Q1 2025 revenue $6.3M vs $15.0M in Q1 2024; commercial revenue up 41% YoY but overall decline due to US government sales uncertainty.
GAAP gross margin 8%; adjusted non-GAAP gross margin 21% (up from 12% in Q1 2024).
Net loss $15.5M includes $10.8M goodwill impairment; adjusted net loss ex non-cash items $2.8M vs $2.1M in Q1 2024.
Cash $2.5M as of March 31, 2025; net cash used in ops $1.8M; debt-free with $100M credit line available.
Backlog $6.3M; expanded international sales with new distribution partners in Europe and Middle East.

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