$BEEMAug 19, 2026, 8:12 PMAI processed
BEEM Q2 revenue jumps 174% QoQ to $8.6M; net loss narrows to $3.1M
AI Summary
Beam Global (BEEM) reported Q2 2026 operating results with revenue of $8.6M, up 174% sequentially and 21% year-over-year, gross margin 17.8% (26.2% excluding non-cash D&A), backlog of $5.4M, no debt and a $100M unused credit line. Net loss narrowed to $3.1M ($0.14) as management cites cost cuts, a manufacturing move to Yuma (approx. $2.7M lease savings), expanded European sales (~47% of revenue), new battery orders (>$0.5M in drone/autonomous battery orders) and recent patents supporting product expansion.
Positives
- Revenue rose 174% sequentially to $8.6M and 21% YoY
- Backlog $5.4M and balance sheet with no debt plus $100M unused credit line
- Business expansion: ~47% of sales outside U.S., new drone/autonomous battery orders, EV ARC deployments, and recent U.S./EU patents
Negatives
- Company still reported a GAAP net loss of $3.1M ($0.14) in the quarter
- Reported gross margin declined YoY to 17.8% (adjusted gross margin 26.2% vs 29.6% a year earlier)
- Provision for credit losses increased (including a $1.6M reserve tied to a single customer) reducing near-term cash collection visibility