Beam Global Reports Fiscal Year 2020 Financial Results
SAN DIEGO, March 30, 2021 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM , BEEMW) (Beam or the Company), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, today announced financial results for the fiscal year ended December 31, 2020.
- SAN DIEGO, March 30, 2021 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM , BEEMW) (Beam or the Company), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, today announced financial results for the fiscal year ended December 31, 2020.
- We reported record revenues in fiscal 2020 of $6,210,350, compared to $5,111,545 in fiscal 2019, as a result of a strong fourth fiscal quarter.
- During fiscal 2020, we diversified our customer base compared to fiscal 2019, selling to various municipalities, colleges, utilities and federal agencies.
- The net loss was $5,213,025 for the 2020 fiscal year, compared to $3,933,922 for the 2019 fiscal year.