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BEEM / Beam Global Raises Funds As Gross Profit Ramps

Beam Global Raises Funds As Gross Profit Ramps
Beam Global has secured a 5-year credit facility after a 30% decline in its stock price and a cash position of $1 million at the end of its fiscal 2023 first quarter. The company reported a 245.4% year-over-year revenue growth and its first-ever positive gross profit in the first quarter. US EV sales grew by 57% in 2022, and Beam Global's improved cash position and continued gross margin gains could drive a recovery in its stock price. Read More
Posted: Jun 9 2023, 11:18
Author Name: Seeking Alpha
Views: 111652

BEEM News  

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Beam Global (BEEM) Q2 2023 Earnings Call Transcript

By Seeking Alpha
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By GlobeNewsWire
August 7, 2023

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SAN DIEGO, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM , BEEMW), (the “Company”), the leading provider of innovative sustainable more_horizontal

3 Millionaire-Maker EV Charging Stocks to Buy Before the Window Closes

By InvestorPlace
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Beam Global (BEEM) Surges 9.8%: Is This an Indication of Further Gains?

By Zacks Investment Research
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Beam Global (BEEM) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revis more_horizontal


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