This was partially offset by an increase in material costs for steel and other components due to supply chain shortages and other inflationary pressures. As a percentage of sales, the gross loss improved by four percentage points for the quarter and year to date, reflecting favorable fixed overhead absorption and improved labor efficiency due to the increase in production levels. Gross loss for the first six months of 2022 was $0.6 million, compared to $0.4 million for the same period in 2021. Gross loss in the three months ended Jand 2021 was $0.3 million. Revenues included $1.4 million for energy storage in the second quarter and $1.8 million for the six months ended Jas a result of closing the acquisition of All Cell Technologies, LLC (“All Cell”) in early March. For the first six months of 2022, we reported record first half revenues of $7.5 million, a 114% increase over $3.5 million reported for the same period in 2021. Second Fiscal Quarter 2022 Financial Summaryīeam Global reported record second quarter revenues of $3.7 million in the second fiscal quarter of 2022, compared to $2.1 million in the same period in the prior year, an increase of 75%.
BEEM STOCK TODAY FULL
With first half revenues exceeding any prior full year except ’21 and all the other improvements we are making I am excited by what I expect the Beam Team will make happen during the remainder of 2022. We continue to make progress on our integration of the battery company we bought earlier this year with sales, revenues and the first deployments of our new internally produced battery solution in our EV ARC systems. First half revenues are more than double this time last year and we have no indication that this momentum is going to let up.
“Our sales are up, our efficiencies are improving and we have the highest contracted backlog and sales pipeline in our history. “Q2 has been another quarter of records at Beam Global,” said Desmond Wheatley, CEO of Beam. Honored as Stevie ® Award Winner for Achievement in Product Innovation in 2022 American Business Awards ®.Selected for the California DGS Green Proving Ground program for grid balancing.Increased momentum in enterprise customers, multi-unit orders and repeat customers.Announced partnership with Volvo Construction Equipment (CE) to bundle EV ARC™ off-grid EV charging systems with Volvo electric construction equipment.Received $0.9 million battery order to power autonomous on-demand delivery drones.Awarded new State of California Contract for rapidly deployed sustainable EV charging infrastructure products.Awarded Federal Blanket Purchase Agreement (BPA) for Electric Vehicle Charging Infrastructure.Grew EV ARC™ system revenue per employee by 34% over Q2 of 2021.Grew sales pipeline to a new record of $122 million.Grew sales orders to a record backlog of over $10M.Reduced net loss by over 14% of revenue in first half despite inflation and acquisition.
0 kommentar(er)
