Beam Earnings Reports

Beam Global announced its Q3 2024 results, featuring a net income of $1.3 million, a gross profit of $1.2 million, and revenues of $11.5 million. While revenues decreased 22% from the previous quarter, the company saw an increase in commercial customer revenue and improved gross profit margins. The company is debt free, has sufficient cash on hand and has not tapped our $100M line of credit.

Beam Global reported a revenue of $14.8 million, a gross profit of $2.4 million, and a net loss of $4.9 million for Q2 2024. The company's gross margin improved to 16%, with an adjusted gross margin of 18% net of non-cash items. Beam is focused on improving margins and diversifying revenue opportunities through geographic expansion and new product development.

Beam Global reported record first quarter revenues of $14.6 million, a 12% increase year over year. Gross profit reached a record $1.5 million, representing 10% of sales. The company's net loss improved to $3.0 million, or 21% of revenue, compared to $3.8 million, or 29% of revenue, in the same period last year.

Beam Global reported a significant increase in revenue for Q4 2023, with a 154% increase compared to the same period in 2022. The company also saw improvements in gross profit and a reduction in operating expenses as a percentage of revenues.

Beam Global reported a substantial increase in revenue for Q3 2023, driven by growth in federal, state, and local government revenues. However, the company still experienced a net loss, although it was smaller than the previous year. Gross profit improved, and operating expenses decreased as a percentage of revenue. The company's cash position also improved due to a capital raise.

Beam Global announced record second quarter 2023 operating results with a 379% increase in quarterly revenue year-over-year. The company reported $17.8 million in revenue and a net loss of $3.5 million. They have $23.7 million in cash and $37.1 million in working capital. They also intend to expand into Europe by acquiring Amiga DOO.

Beam Global reported a record revenue of $13.0 million, a 245% increase year-over-year. The company achieved a gross profit of $0.005 million and has $5M cash at time of reporting.

Beam Global reported a 126% increase in Q4 revenue, reaching $7.9 million, and a 144% increase in full year revenue, totaling $22.0 million. The company experienced a gross loss in Q4, but improvements in gross profitability are underway. Operating expenses increased due to acquisitions and non-cash adjustments. The company is expanding into new markets and has a strong focus on innovation.

Beam Global reported record quarterly revenues of $6.6 million, a 227% increase over the same period last year. The company's growth was fueled by investments in product development, sales, and marketing, as well as the increasing demand for sustainable EV charging infrastructure. Gross loss and operating expenses increased, primarily due to the acquisition of All Cell Technologies.

Beam Global reported record second quarter revenues of $3.7 million, a 75% increase compared to the same period last year. The company's first half revenues more than doubled compared to the previous year, reaching $7.5 million. The integration of the battery company acquisition is progressing, with initial deployments of internally produced battery solutions in EV ARC systems.

Beam Global reported record quarterly revenues of $3.8 million, a 175% increase compared to the same period last year. The company also noted operational improvements and cost management efforts, contributing to a positive outlook for 2022.

Beam Global reported record revenues in fiscal 2021, with a significant increase in Q4 revenues. The company also saw improvements in gross loss and operating expenses as a percentage of revenue.

Beam Global announced its Q3 2021 financial results, highlighting record third-quarter revenues of $2,020,612, a 63% increase compared to the previous year. The company also reported its highest-ever backlog of over $7 million and a pipeline exceeding $75 million. However, the company experienced a gross loss of $208,023 and a net loss of $1,688,631 for the quarter.

Beam Global reported a 46% increase in revenue for Q2 2021, reaching $2,121,098, driven by strong shipments to municipalities, federal customers, and enterprise clients. However, the company experienced a gross loss of $273,877 due to increased costs for the new EV ARC™ 2020 unit and rising steel and shipping expenses. Operating expenses also increased by 54%, leading to a net loss of $1,641,788.

Beam Global reported a 4% increase in revenue for Q1 2021, reaching $1,372,392. The company experienced a gross loss of $149,120 and a net loss of $1,250,809, impacted by initial costs of the new EV ARC™ 2020 unit and increased operating expenses. Cash reserves increased to $28,214,029, driven by warrant exercises.

Beam Global reported record revenues for fiscal year 2020, driven by a strong fourth quarter. The company diversified its customer base and strengthened its balance sheet. However, the company experienced a gross loss and a net loss for the year, primarily due to increased costs associated with the new EV ARC™ 2020 unit and increased operating expenses.

Beam Global reported a decrease in revenue and a net loss for the third quarter of 2020. The company's revenue decreased due to order delays related to COVID-19 and early-stage delivery challenges. The net loss was $1.1 million, or $0.17 per share, compared to a net loss of $0.61 million, or $0.12 per share, for the same period in 2019.

Envision Solar reported Q2 2020 revenue of $1,455,158, an 11% decrease compared to Q2 2019. The net loss was $833,957, an improvement from the $983,874 loss in the same period last year. The company's contracted backlog as of June 30, 2020, was approximately $2.6 million.

Envision Solar reported an 11% increase in revenue compared to the same quarter last year, driven by a diverse customer base and large contracts. The company experienced a gross loss, which is expected to improve with increased revenue and production volume. Net loss remained comparable to the previous year, with increased operating expenses in sales and marketing.