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Stock impact report

Beamr Issues Annual CEO Letter to Shareholders: Highlighting Beamr Cloud Launch, 2023 Financial Results and Achievements and Q2 2024 Upcoming Milestones [Yahoo! Finance]

Beamr Imaging Ltd. (BMR) 
Company Research Source: Yahoo! Finance
issued its annual Letter to Shareholders from Sharon Carmel, Chief Executive Officer of Beamr. Dear Shareholders: As we look toward a promising and exciting year ahead, I am proud to reflect on Beamr's achievements throughout 2023, including our financial results for 2023, our recent achievements so far in Q1 2024, and look forward to our plans for Q2 2024. 2023 was the year we built the Beamr Cloud service, and 2024 is the year we plan to invest in expansion of our business. Beamr is experiencing a pivotal moment following the launch of the Beamr Cloud SaaS solution, which enables everyone to perform high quality, high scale video processing at attractive pricing. Our new video cloud service, launched in February 2024, offers more capabilities than we initially expected. They include video standards modernization from AVC to HEVC, and adoption acceleration of new standards. Just before announcing Beamr Cloud launch, we raised gross proceeds of $13.8 million in an underwritt Show less Read more
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