Beam Global Announces Third 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 third quarter results for the period ended September 30, 2024. Q3 2024 Financial Highlights: Gross Margin was 10.7% of sales, our highest Q3 margin ever, 9 percentage points increase over Q3 2023 YTD Gross Margin 12.4%, 11 percentage points increase over 2023 47.9% revenue derived from commercial customers Record Pipeline of over $200 million Backlog of $7 million Debt free and $100 million line of credit available and unused Q3 2024 Operational Highlights Acquisition of Telcom – provides Beam with in-house production capabilities for power electronics First sponsorship deal with Globos Osiguranje to deploy EV ARC™ systems at Belgrade Airport Launched four new products – BeamSpot™, BeamBike™, BeamPatrol™, BeamWell™ BeamSpot™ momentum – first purchase within just five weeks of launch New fleet deployments –
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BEEM
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BEEM
Earnings
- 11/14/24 - Beat
BEEM
Sec Filings
- 12/6/24 - Form SC
- 11/15/24 - Form 8-K
- 11/14/24 - Form 10-Q
- BEEM's page on the SEC website