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Jun 30, 2022
Beam Q2 2022 Earnings Report
Beam Global reported record Q2 revenues and integration of battery company was in progress.
Key Takeaways
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.
Record second quarter revenues of $3.7 million, up 75% year-over-year.
First half revenues reached $7.5 million, a 114% increase compared to the same period last year.
Gross loss improved as a percentage of sales due to favorable fixed overhead absorption and improved labor efficiency.
Integration of the acquired battery company is progressing, with deployments of internally produced battery solutions.
Forward Guidance
The company is excited about what the Beam Team will make happen during the remainder of 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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