Beam Global Reports Full Year 2024 Operating Results
Beam Global (BEEM)
Company Research
Source: GlobeNewswire
SAN DIEGO, April 11, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), (the “Company”), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation, smart cities, and energy security, today announced its operating results for the year ended December 31, 2024. 2024 and Recent Company Highlights: Financial: Revenues of $49.3 million, more than double any previous year’s revenue in the Company’s history excluding 2023Five-year Revenue CAGR 68%Revenues from non-government commercial entities increased by 229% from 2023 to 2024Positive full year gross margins of 15% - an improvement of 13 percentage points over 2023Adjusted non-GAAP gross margins, net of non-cash costs were 21%Net cash used in Operations for 2024 was $2.2 million vs. 2023 at $13.3 millionBacklog of $5.6 million on December 31, 2024Debt free and $100 million line of credit available and unused Operational: Acquisition of Serbia-based Telcom – provides Beam w
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BEEM
Earnings
- 11/14/25 - Miss
BEEM
Sec Filings
- 11/14/25 - Form 424B5
- 11/14/25 - Form 10-Q
- 11/14/25 - Form 8-K
- BEEM's page on the SEC website