Beam Global (NASDAQ:BEEM) Announces Earnings Results, Misses Estimates By $0.08 EPS

Beam Global (NASDAQ:BEEM) released its earnings results on Friday. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.08), Zacks reports. Beam Global had a negative net margin of 19.26% and a negative return on equity of 19.09%. The firm had revenue of $11.94 million during the quarter, compared to analysts’ expectations of $12.99 million.

Beam Global Stock Up 4.1 %

Beam Global stock opened at $1.76 on Friday. The company has a fifty day simple moving average of $2.20 and a 200-day simple moving average of $3.27. The firm has a market capitalization of $26.00 million, a price-to-earnings ratio of -1.81 and a beta of 1.27. Beam Global has a 52-week low of $1.50 and a 52-week high of $7.68.

About Beam Global

Beam Global, a clean-technology innovation company, engages in the design, development, engineering, manufacture, and sale of renewably energized infrastructure products and battery solutions. Its product portfolio includes EV ARC (electric vehicle autonomous renewable charger), an infrastructure product that uses integrated solar power and battery storage to provide a mounting asset and a source of power for factory installed electric vehicle charging stations; Solar Tree DCFC, an off-grid, renewably energized, and single-column mounted smart generation and energy storage system to provide a 150kW DC fast charge to one or more electric vehicles, such as electric buses, heavy-duty vehicles, agricultural equipment, public transportation, and electric vehicles used in the construction industry; and EV ARC DCFC, a DC fast charging system for charging EVs.