Beam Global Q2 Results: Company Beats Top and Bottomline Estimates, Stock Trades Higher After-Hours
Portfolio Pulse from Ryan Gustafson
Beam Global (NASDAQ:BEEM) reported Q2 earnings, beating analyst consensus estimates for both losses per share and sales. The company reported losses of 32 cents per share, beating the estimate of 34 cents, and sales of $17.82 million, beating the estimate of $14.40 million. The company also reported record Q2 EV ARC system deployments. The company's CEO highlighted their focus on European expansion through the intended acquisition of Amiga and the company's solid financial foundation.
August 14, 2023 | 8:54 pm
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Beam Global's Q2 earnings beat estimates, with record Q2 EV ARC system deployments and a focus on European expansion. The company's strong financial position is also a positive sign.
Beam Global's better-than-expected Q2 earnings and record deployments indicate strong performance, which is likely to boost investor confidence and potentially drive the stock price up in the short term. The company's focus on European expansion and strong financial position also signal potential for future growth, further increasing its attractiveness to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100