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Mar 31, 2023
Beam Q1 2023 Earnings Report
Beam Global reported record revenues and positive gross margin.
Key Takeaways
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 Team produced 3 times more EV ARC™ systems in Q1 2023 than in the same period in the prior year.
First quarter was the best quarter in company history, surpassing all full years except 2022.
Gross profitability improved companywide by 8.1%.
Sales team delivered a record Q1 of orders and built the pipeline to the highest it has ever been at this time of the year.
Beam
Beam
Forward Guidance
The company anticipates improvements starting to impact our profitability in a minor way starting in the 2rd quarter.