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Mar 31, 2022
Beam Q1 2022 Earnings Report
Reported record revenues, product deliveries and pipeline advances.
Key Takeaways
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.
Achieved record quarterly revenues of $3.8 million, up 175% year-over-year.
Experienced growth in both government and commercial sectors.
Improved operational efficiency and increased production rate.
Acquired a battery technology company to enhance efficiency and profitability.
Beam
Beam
Forward Guidance
Management anticipates strong continued growth from both government and commercial sectors and bodes well for an excellent 2022 for Beam Global.