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Dec 31, 2021
Beam Q4 2021 Earnings Report
Reported record revenues and improved performance.
Key Takeaways
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.
Revenues increased by 58% in Q4 2021 compared to Q4 2020.
Gross loss decreased to 9.8% of sales in Q4 2021 from 24.4% in Q4 2020.
Operating expenses decreased as a percentage of revenue in 2021.
Net loss decreased in Q4 2021 compared to the same period in the prior year.
Forward Guidance
Anticipates that all the positive trends put in place in 2021 will continue and accelerate in 2022. Acquiring AllCell Technologies uniquely positions the company in the industry as the only provider with a proprietary energy storage solution and at the same time it will dramatically reduce costs.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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