Beam Global Reports Record Year End 2023 Operating Results
Beam Global (BEEM)
Company Research
Source: GlobeNewswire
SAN DIEGO, April 16, 2024 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), (the “Company”), the leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced operating results for the year ended December 31, 2023. 2023 and Recent Company Highlights Record full year revenues of $67.4 million, 206% year over year increaseRecord Q4 revenues of $20.0 million, 154% year over year increase and highest quarterly revenue in the company’s historyRecord full year EV ARC™ system production, 194% year over year increasePositive full-year gross profit – an improvement of 9% as a percentage of revenue over 2022Debt free and $100 million line of credit available and unusedCurrent pipeline $150 million, backlog of $22 million at December 31, 2023Received $7.4 million order from the U.S. Army for 88 off-grid EV ARC™ EV charging systems – 3rd largest order in company historyReceived $4.8 million order fr
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News
- U.S. National Park Service Deploys Beam Global EV ARC™ Solar-Powered EV Charging Systems at Headquarters at the National Mall [Yahoo! Finance]Yahoo! Finance
- U.S. National Park Service Deploys Beam Global EV ARC™ Solar-Powered EV Charging Systems at Headquarters at the National MallGlobeNewswire
- Beam Global (NASDAQ: BEEM) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $9.00 price target on the stock.MarketBeat
- Beam Global (NASDAQ: BEEM) had its price target lowered by analysts at B. Riley from $18.00 to $15.00. They now have a "buy" rating on the stock.MarketBeat
- Beam Global (NASDAQ: BEEM) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
BEEM
Earnings
- 11/14/23 - Beat
BEEM
Sec Filings
- 4/29/24 - Form 10-K/A
- 4/17/24 - Form 25-NSE
- 4/17/24 - Form 8-K
- BEEM's page on the SEC website