Beam Global (NASDAQ:BEEM) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$11.5m (down 30% from 3Q 2023).
• Net income: US$1.30m (up from US$3.63m loss in 3Q 2023).
• Profit margin: 11% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses.
• EPS: US$0.088 (up from US$0.26 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Beam Global EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 25%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Electrical industry in the US.

Performance of the American Electrical industry.

The company's shares are down 13% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Beam Global, and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.