BEEM Earnings Prediction
The chart below shows how BEEM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BEEM sees a -2.89% change in stock price 10 days leading up to the earnings, and a -3.43% change 10 days following the report. On the earnings day itself, the stock moves by +6.50%. This data can give you a slight idea of what to expect for the next quarter's release.
BEEM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
11.48M
-30.35%
-22.48%
Gross Margin
10.72%
523.26%
-32.62%
Operating Margin
11.17%
149.06%
-134.53%
Net Margin
11.30%
151.34%
-134.05%
EPS
0.09
134.62%
-126.47%
No Data Available
BEEM Earnings Analysis
Beam Global Common Stock Corporation (BEEM.O) Earnings Conference Call
Positive
Record Third Quarter Revenues: Our third quarter revenues are $11.5 million, marking the second highest third quarter revenues in the history of the company.
Commercial Revenue Increase: 47.9% of our revenue in the third quarter was derived from commercial customers, an increase of 80% over quarter three of 2023.
Pipeline Growth Potential: We have grown our pipeline of prospective customers to over $200 million, indicating strong future sales potential.
Backlog Overview: Our backlog is $10.6 million as of November 7th, which includes $7 million for the USA and an additional $3.6 million for Europe.
Gross Margin Improvement: We generated GAAP gross margin of 10.7%, compared to 1.7% in 2023, showing a significant improvement of 9 percentage points compared to Q3 of '23.
Negative
Quarterly Revenue Decline: Our third quarter revenues are $11.5 million, which is a decrease from $70 million in the same period last year.
Net Income Improvement: Our net income was $1.3 million for the third quarter of '24 compared to a net loss of $3.6 million for the same period in '23.
Operating Expenses Credit Impact: Our operating expenses for Q3 of '24 were a credit of $50,000 due to the reversal of the fair value of the contingent consideration for the Amiga acquisition, which negatively impacted our profits.
Net Loss Comparison: Our net loss for the nine months ending September of '24 was $6.7 million, compared to a net loss of $8 million in '23, indicating ongoing financial struggles.
Adjusted Net Loss Comparison: Our adjusted non-GAAP net loss was $5.8 million, 14.2% of revenue compared to $8 million, which is 16.9% of revenue in 2023.
BEEM FAQs
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BEEM Earning Call Sentiment
Beam Global (BEEM) Q3 2024 Earnings Call Transcript
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BEEM.O
-4.1%Positive
The earnings call highlights a strong financial performance with a 20% revenue increase and improved margins. The share buyback program is a positive signal for shareholder value. However, vague responses in the Q&A about new products and supply chain issues suggest some uncertainty. Despite this, the optimistic guidance and strategic growth initiatives, like increased capex, support a positive sentiment. Overall, the company's actions and financial health point towards a positive stock price movement, albeit with some caution due to competitive and supply chain risks.
