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Beam Global (BEEM)
NASDAQ:BEEM
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.24Last Year’s EPS
-$0.34Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 15, 2024
|% Change Since: -31.91%
|Next Earnings Date:Mar 26, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture, with strong revenue performance and international expansion being key positives. However, challenges such as federal order declines and certification delays were significant concerns.Company Guidance
During the Beam Global Q3 2024 earnings call, the company reported a third-quarter revenue of $11.5 million, marking the second highest third-quarter revenue in its history, with 47.9% coming from commercial customers, an 80% increase from Q3 2023. The company's nine-month revenue was $41 million, with a prospective customer pipeline exceeding $200 million. They maintained a backlog of $10.6 million as of November 7, split between the U.S. ($7 million) and Europe ($3.6 million). Gross margins improved significantly from 1.7% in Q3 2023 to 10.7%, with non-GAAP adjustments indicating a potential margin of 17.6%. Operating expenses for Q3 2024 were a $50,000 credit, primarily due to adjustments related to the Amiga acquisition, while the year-over-year increase in operating expenses was $3.3 million. The company achieved a net income of $1.3 million for Q3 2024 compared to a $3.6 million loss in Q3 2023, though the nine-month net loss was $6.7 million, with an adjusted non-GAAP net loss of $5.8 million. Beam Global's cash balance decreased to $4.9 million, following acquisitions including a $2.7 million payment for Amiga. The company remains debt-free, aside from minor auto leases, and retains a $100 million credit line.Revenue and Growth
Q3 revenues were $11.5 million, the second highest third quarter revenue in the history of Beam Global. 47.9% of revenue was from commercial customers, an increase of 80% over Q3 2023.
Improved Gross Margin
GAAP gross margin improved to 10.7% from 1.7% in Q3 2023, a 9 percentage point increase. Non-GAAP gross margin would have been 17.6% without noncash items.
International Expansion
Beam Global expanded its geographic coverage and released new products, with a pipeline of over $200 million. Significant efforts are being made in Europe, Africa, and the Middle East.
New Product Lines
Introduction of BeamSpot, BeamBike, and BeamWell products. BeamPatrol was launched for law enforcement.
Strategic Partnerships and Sponsorships
Agreement with VINCI Group for EV ARC systems at Belgrade Airport, with revenue from sponsorship branding.
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BEEM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BEEM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 15, 2024 | $4.23 | $4.24 | +0.24% |
| Aug 13, 2024 | $5.75 | $5.27 | -8.35% |
| May 21, 2024 | $6.49 | $5.85 | -9.86% |
| Apr 16, 2024 | $5.52 | $6.20 | +12.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Beam Global (BEEM) report earnings?
Beam Global (BEEM) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Beam Global (BEEM) earnings time?
Beam Global (BEEM) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BEEM EPS forecast?
BEEM EPS forecast for the fiscal quarter 2024 (Q4) is -$0.24.
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