Beam's Q1 Loss Wider Than Expected, Revenues Decline Y/Y

Beam Global (BEEM) reported an adjusted loss of 32 cents per share in the first quarter of 2025, wider than the Zacks Consensus Estimate of a loss of 16 cents. The company had incurred a loss of 21 cents per share in the year-ago quarter. The company reported net sales of $6.3 million in the quarter, which missed the Zacks Consensus Estimate of$15 million and fell from the year-ago quarter’s $14.6 million.The year-over-year decline in revenues was primarily due to uncertainty surrounding the U.S. governmen ...