secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0001683168-25-003712
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316825003712/0001683168-25-003712-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316825003712/beam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-003712

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