Beam Global experienced severe financial deterioration with revenue declining 43% to $28.2M while losses more than doubled to $27.0M, creating critical liquidity concerns as cash dropped 79% to under $1M.
The company faces an immediate liquidity crisis with less than $1M in cash remaining while burning over $10M in operating cash flow annually. The dramatic revenue decline combined with deteriorating gross margins suggests fundamental business challenges that threaten the company's ability to continue operations without immediate capital infusion.
Beam Global's financials show across-the-board deterioration with revenue falling 43% to $28.2M, gross profit declining 52% to $3.5M, and net losses expanding from $11.3M to $27.0M. Operating cash flow worsened significantly from -$2.2M to -$10.5M while cash reserves plummeted 79% to just $969K, creating an urgent going-concern situation. The company also increased outstanding shares by 36% from 15.5M to 21.1M, suggesting recent equity dilution likely to fund operations, though insufficient given the burn rate.
Interest expense surged 1100% — significant debt increase or rising rates materially impacting earnings.
Operating cash flow fell 378% — earnings quality concerns; investigate working capital changes and non-cash items.
Net income declined 139.3% — review whether driven by operations, interest costs, or non-recurring items.
Operating income deteriorated sharply — investigate whether driven by one-time charges or structural cost issues.
Cash declined 78.8% — significant cash burn or deployment; verify adequacy of remaining liquidity runway.
R&D spending cut 66.7% — could signal cost discipline or concerning reduction in innovation investment.
Gross margin compression — rising input costs, pricing pressure, or unfavorable product mix shift.
Capex reduced 49.5% — investment cycle winding down or capital discipline; may improve near-term free cash flow.
Revenue declined 42.8% — significant demand weakness or market share loss warrants investigation.
Equity declined sharply — large losses, buybacks, or write-downs reducing book value significantly.
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