Loading...
•
Dec 31, 2020
Beam Q4 2020 Earnings Report
Reported record revenues and expanded customer base.
Key Takeaways
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.
Generated record revenues in fiscal year 2020.
Expanded customer base with both government and enterprise clients.
Strengthened balance sheet and increased liquidity.
Deployed new products and added to patent portfolio.
Forward Guidance
The company anticipates a significant increase in government and corporate spending on energy and transportation infrastructure, as well as enthusiastic consumer adoption of electric vehicles.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...