Quarterly ResultMay 15, 2026, 04:31 PM
Beam Global Q1 Revenue $3.1M, Net Loss $6.9M; Backlog Up 50% to $9M
AI Summary
Beam Global reported Q1 2026 revenues of $3.1 million, a 51% decrease year-over-year, and a net loss of $6.9 million. Despite the revenue decline attributed to order timing and seasonal factors, the company's backlog grew 50% to $9.0 million by March 31, 2026. Furthermore, Q2 2026 revenue through May 15 has already exceeded total Q1 revenue, indicating a strong rebound. Operational highlights include expansion into the Middle East and Europe, new product launches like autonomous wireless charging, and record smart city infrastructure orders.
Key Highlights
- Q1 2026 revenue decreased 51% to $3.1 million year-over-year.
- Backlog increased 50% to $9.0 million as of March 31, 2026.
- Q2 2026 revenue through May 15 already surpassed total Q1 2026 revenue.
- Reported Q1 2026 net loss of $6.9 million, or $(0.33) per share.
- Launched patented autonomous wireless charging system for autonomous vehicles.
- Secured record $1.7 million in smart city infrastructure orders in one week.
- Company is debt-free with a $100 million unused line of credit.
Price Impact
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