Beam Global Announces Record First Quarter 2024 Operating Results [Yahoo! Finance]
Beam Global (BEEM)
Company Research
Source: Yahoo! Finance
leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced its first quarter results for the period ended March 31, 2024. Q1 2024 Financial and Recent Company Highlights Record first quarter revenue of $14.6 million, 12% increase over Q1 2023 Record gross profit with 10.2% gross margin Backlog of $20 million on March 31, 2024; pipeline of over $160 million Debt free and $100 million line of credit available and unused 310% increase in Q1 EV charging new orders from business/commercial sector over Q1 2023 $7.4 million order from the U.S. Army for 88 off-grid EV ARC™ systems $4.8 million order from U.S. Department of Homeland Security for EV ARC™ systems $1.7 million order from the North Carolina Department of Adult Correction for sustainable EV charging infrastructure products $1.2 million in orders from leading European market telecommunications provider Awarded first Euro
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News
- City of Vacaville, California Deploys Beam Global EV ARC™ Off-Grid Solar EV Charging Systems [Yahoo! Finance]Yahoo! Finance
- City of Vacaville, California Deploys Beam Global EV ARC™ Off-Grid Solar EV Charging SystemsGlobeNewswire
- Beam Global (NASDAQ: BEEM) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $30.00 price target on the stock.MarketBeat
- Beam Global (NASDAQ: BEEM) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- Beam Global Announces Record First Quarter 2024 Operating ResultsGlobeNewswire
BEEM
Earnings
- 5/20/24 - Beat
BEEM
Sec Filings
- 6/5/24 - Form 4
- 6/3/24 - Form 144
- 5/21/24 - Form 8-K
- BEEM's page on the SEC website