Beam Global

Beam Global engages in the invention, design, engineering, manufacture, and sale of solar powered products. It offers solar powered products and proprietary technology solutions for electric vehicle charging infrastructure, out of home advertising platforms, and energy security and disaster preparedness. The company was founded by Robert Lane Noble on June 12, 2006 and is headquartered in San Diego, CA.

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Beam Global reports robust revenue growth and strategic expansion plans

Beam Global showcased strong revenue growth and operational efficiency in Q4 2022, supported by a $100 million credit facility for expansion.
While facing margin challenges and net losses, the company remains focused on profitability, cost management, and shareholder value.
Opportunities lie in product expansion, European market penetration, and leveraging industry growth trends for future success.
Desmond Wheatley's confidence in Beam Global's future growth and strategic direction sets a positive outlook for the company's performance.

Beam Global's Q1 2023 Revenue Surges, Eyes International Expansion

Beam Global reported stellar revenue growth and improved gross margin in Q1 2023, focusing on cost reductions and profitability. The company's strong sales efforts and liquidity position provide a foundation for future growth.

Beam Global achieves record Q2 results, eyes European expansion

Beam Global's exceptional Q2 performance underscores its financial strength and operational efficiency, with revenue and production milestones achieved.
While challenges like delayed cost reductions and managing expenses persist, the company's strategic strengths and growth opportunities position it for continued success.
The focus on product innovation, customer acquisition, and international expansion signals a promising trajectory for Beam Global's future growth and profitability.
Desmond Wheatley's confidence in the team's capabilities and the company's strategic direction bode well for sustained business growth and market leadership.

Beam Global reports robust Q3 growth, eyes European expansion

Beam Global's Q3 2023 performance reflects strong revenue growth, improved gross profit, and decreased operating expenses. The acquisition of Beam Europe presents strategic opportunities in the European market, aligning with the increasing demand for EV charging infrastructure. Challenges include backlog trajectory and the need for sustained financial prudence to achieve EBITDA breakeven next year.

Beam Global reports robust revenue growth and strategic European expansion

Beam Global's Q4 2023 performance reflects remarkable revenue growth and operational improvements, positioning the company for a promising future despite net losses.
The strategic acquisition of Beam Europe, focus on diversification, and emphasis on cost savings and margin improvements demonstrate Beam Global's commitment to sustainable growth and market expansion.
With a strong presence in Europe and a growing pipeline, Beam Global is poised to capitalize on the increasing demand for zero-emission vehicles and the opportunities presented by the evolving energy landscape.

Beam Global achieves record revenues and targets European expansion

Beam Global reported record Q1 revenues and the highest gross profit margin ever. The company is focusing on efficiency, reducing COGS, and improving gross profitability.
European expansion presents significant growth opportunities, particularly in the UK, driven by stringent zero-emission vehicle mandates. Sales strategy for the EV Standard product targets existing customers and aims for good unit economics.
Challenges include increased operating expenses, non-cash liabilities, and initial inefficiencies in European operations. However, Beam Global is poised to capitalize on opportunities in Europe for EV charging solutions.

Beam Global reports strong Q2 earnings, eyes growth opportunities

Beam Global's Q2 '24 performance showed revenue growth, margin improvement, and strategic milestones.
Despite challenges in expenses and net loss, the company's strengths lie in sales expansion and R&D investment.
Opportunities in new product introductions and leveraging external sales resources can drive future growth.
Overall, Beam Global's positive outlook and strong financial performance indicate a promising trajectory.

Beam Global excels in Q3 2024, eyes global expansion opportunities

Beam Global's Q3 2024 performance reflects strong revenue growth, improved margins, and a return to profitability, underlining operational progress.
Strategic initiatives such as geographic expansion, product innovation, and channel diversification position the company for sustained growth and market resilience.
While facing challenges in certification processes and operating expenses, Beam Global remains optimistic about its growth trajectory and investor engagement.

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Beam Global provides sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media. It develops, patents, designs, engineers and manufactures unique and advanced clean mobility solutions that protect the environment, save customers time and money, empower communities and keep people moving. The firm's core platforms include Beam EV ARC and Solar Tree sustainable EV charging systems, Beam AllCell high-performance energy storage solutions, energy resiliency and disaster preparedness products and a deep patent library. The company was founded by Robert Lane Noble on June 12, 2006 and is headquartered in San Diego, CA.

Benzina Zero's rugged e- mopeds and scooters are integrated into Beam Global's BeamWell™ desalination and delivery platform to provide clean water in global crisis zones Benzina Zero to market Beam Global's products in Australia and Italy representing further geographic growth for the Company Beam Global to integrate Benzina Zero e-mopeds, e-scooters and e-bikes in product bundles globally SAN DIEGO, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM ), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced a partnership with Benzina Zero , an innovative provider of electric mopeds and scooters, electric bicycles and micro-mobility solutions. This unique partnership includes product integration and new sales channels, increasing opportunities for both companies.

Beam Global Announces Multi-Faceted Sales and Product Partnership with Benzina Zero

SAN DIEGO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM ), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that its EV ARC™ off-grid charging infrastructure platform has achieved Build America, Buy America (BABA) Act compliance under the manufactured products designation. BABA compliance ensures that the EV ARC™ platform, along with the BeamBike™ and BeamPatrol™ product lines, are manufactured in the United States using sufficient materials sourced from the U.S., meeting federal domestic production requirements.

Beam Global Achieves Build America, Buy America (BABA) Act Compliance for EV ARC™ Off-Grid Charging Infrastructure Product Lines

Beam Global (NASDAQ:BEEM ) Q3 2024 Results Conference Call November 15, 2024 4:30 PM ET Company Participants Lisa Potok - Chief Financial Officer Desmond Wheatley - Chairman, President, Chief Executive Officer Conference Call Participants Tate Sullivan - Maxim Group Noel Parks - Tuohy Brothers Operator Hello, and welcome to the Beam Global Third Quarter 2024 Operating Results Conference Call. All participants will be in listen-only mode.

Beam Global (BEEM) Q3 2024 Earnings Call Transcript

SAN DIEGO, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), (the “Company”), the leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced its third quarter results for the period ended September 30, 2024. Q3 2024 Financial Highlights: Gross Margin was 10.7% of sales, our highest Q3 margin ever, 9 percentage points increase over Q3 2023 YTD Gross Margin 12.4%, 11 percentage points increase over 2023  47.9% revenue derived from commercial customers Record Pipeline of over $200 million Backlog of $7 million Debt free and $100 million line of credit available and unused Q3 2024 Operational Highlights Acquisition of Telcom – provides Beam with in-house production capabilities for power electronics  First sponsorship deal with Globos Osiguranje to deploy EV ARC™ systems at Belgrade Airport Launched four new products – BeamSpot™, BeamBike™, BeamPatrol™, BeamWell™ BeamSpot™ momentum – first purchase within just five weeks of launch New fleet deployments – Added new police and international airport fleet customers, further expanding our customer base in critical sectors Reseller Program launch – Introduced the Beam Reseller Program and signed our first four partners, generating purchase orders, promising proposals and expanding our reach Delivered 10 UK Ministry of Defense EV ARC™ systems in Q3 2024, our first European order Named new VP of Sales – Andy Lovsted joined Beam Global in the US Named new VP of Sales – Igor Labovic joined Beam Global in Europe “This has been a quarter of geographic and product expansion which is unmatched in our history.

Beam Global Announces Third Quarter 2024 Operating Results

SAN DIEGO, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM ), (the “Company”), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that it will report its Q3 2024 operating results on Friday, November 15, 2024 after the market closes. Management will host a conference call on Friday, November 15, 2024 at 4:30 p.m.

Beam Global to Release Q3 2024 Operating Results Conference Call Scheduled for November 15, 2024 at 4:30 p.m. ET

SAN DIEGO, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM ), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced its first sponsorship deal with Globos Osiguranje , one of Serbia's premier insurance companies. Under this deal, Globos Osiguranje has sponsored five EV ARC™ solar-powered EV charging stations that are now deployed at Belgrade Nikola Tesla Airport, Serbia's busiest international travel hub, and will provide free public electric vehicle (EV) charging.

Beam Global Secures First Sponsorship Deal with Globos Osiguranje to Deploy EV ARC™ Systems at Belgrade Airport

SAN DIEGO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Beam Global (Nasdaq: BEEM ), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced the official launch of the BeamPatrol™ law enforcement electric motorcycle and charging product bundle. The off-grid charging station is a turnkey solution, powered by 100% renewable energy and equipped with four chargers and four electric motorcycles from Zero Motorcycles, a recognized brand in quality and performance already widely adopted by law enforcement.

Beam Global Launches the BeamPatrol™ Transportable Off-grid Law Enforcement Electric Motorcycle and Charging Bundle

Beam Global Receives First Order for BeamSpot™ Curbside EV Chargers from Fortune 500 Utility Company. The order comes shortly after last month's launch.

Beam Global Receives First Order for BeamSpot™ Curbside EV Chargers from Fortune 500 Utility Company

SAN DIEGO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM ), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, is pleased to announce the appointment of Andy Lovsted as Vice President of Sales. In this role Mr.

Beam Global Announces Appointment of Sales Veteran to Lead and Expand Internal and External Sales Teams

SAN DIEGO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM ), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced the official launch of the BeamWell™ water desalination and e-mobility delivery system. This solution is designed to address critical needs for clean drinking water, mobility and electricity in regions facing humanitarian crises.

Beam Global Launches BeamWell™ Water Desalination and Delivery System to Provide Clean Water and Electricity in Crisis Zones

Presentation on Tuesday, October 29th at 11:00 AM PT San Diego, California--(Newsfile Corp. - October 15, 2024) - Beam Global (NASDAQ: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced today that it will be presenting at the 17th annual Main Event on Tuesday, October 29th at 11:00 AM PT at the Luxe Sunset Boulevard Hotel. Desmond Wheatley will be representing the company.

Beam Global Announces Participation in the LD Micro Main Event XVII

Beam Technologies is well-positioned to benefit from growing EV adoption with innovative EV charging solutions like EV ARC and BeamSpot. Beam's financial health is strong, with no debt, expanding margins, and a significant order pipeline of $183 million. The lack of EV charging infrastructure is a barrier to EV adoption, making Beam's products attractive for rapid expansion.

EV Charging Growth And Margin Improvement Will Power Beam Global To Breakeven And Beyond In 2025

Beam Global To Enter Ethiopian Market: Appoints Agent Partner for Africa's First Off-Grid Renewably Energized EV Charging and Energy Resiliency Infrastruct

Beam Global To Enter Ethiopian Market: Appoints Agent Partner for Africa's First Off-Grid Renewably Energized EV Charging and Energy Resiliency Infrastructure

SAN DIEGO, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Beam Global (Nasdaq: BEEM ), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced its EV ARC™ systems in the south eastern United States continued to operate during Hurricane Helene. For example, EV ARC™ systems at the Bay Pines Florida Veterans Affairs Health Care in Big Bend, an area located in the direct path of Hurricane Helene, remained operational, sending data and continuing to provide a vital source of emergency power throughout the storm even while submerged in eight feet of storm surge.

Beam Global EV ARC™ Systems Continue to Provide Essential Power during Hurricane Helene

SAN DIEGO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM ), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, introduced the new BeamBike™ ebike charging product that is rapidly deployed, solar-powered and can charge up to 12 ebikes at a time. The dedicated ebike charging station provides a vital solution for ebike owners who want a secure location to park, lock and charge their ride, without the risks of charging indoors.

Beam Global Introduces the New BeamBike™ Solar-Powered Electric Bike Charging Product

SAN DIEGO, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Beam Global (Nasdaq: BEEM ), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced the official launch of the patented BeamSpot™ sustainable curbside electric vehicle (EV) charging infrastructure system.

Beam Global Launches BeamSpot™ Curbside EV Charging Product Line

SAN DIEGO, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM) (“Beam Global” or the “Company”), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced the closing of the acquisition of Telcom, a European based company located in Belgrade (“Telcom”), which since 1990 engineers and manufacturers specialized power electronics including invertors, charge controllers, power supplies and LED lighting.

Beam Global Closes Acquisition of Europe Based Telcom

PUEBLO, Colo., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Beam Global (Nasdaq: BEEM ), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced the City of Pueblo, Colorado has deployed Beam Global EV ARC™ off-grid, solar-powered electric vehicle (EV) charging systems for use both by the general public and city fleets.

City of Pueblo, Colorado Deploys Beam Global EV ARC™ Off-Grid Solar EV Charging Systems

SAN DIEGO, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM , BEEMW), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced today that Desmond Wheatley, Chief Executive Officer, will participate in the 13th Annual Needham Virtual Industrial Tech, Robotics & Clean Tech one-on-one Conference. The conference is being held virtually on August 19-20, 2024.

Beam Global to Participate in the 13th Annual Needham Virtual Industrial Tech, Robotics & Clean Tech 1x1 Conference

Beam Global (NASDAQ:BEEM ) Q2 2024 Earnings Conference Call August 13, 2024 4:30 PM ET Company Participants Desmond Wheatley - Chairman, President, Chief Executive Officer Lisa Potok - Chief Financial Officer Conference Call Participants Sameer Joshi - HC Wainwright Andrew Brennan - ROTH Capital Noel Parks - Tuohy Brothers Tate Sullivan - Maxim Group Operator Good day, and welcome to the Beam Global Second Quarter 2024 Operating Results Conference Call. All participants will be in a listen-only mode.

Beam Global (BEEM) Q2 2024 Earnings Call Transcript

Beam Global (BEEM) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.32 per share a year ago.

Beam Global (BEEM) Reports Q2 Loss, Lags Revenue Estimates

SAN DIEGO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), (the “Company”), a provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced its second quarter results for the period ended Q2 2024. Q2 2024 Financial Highlights: Increased revenue 2% to $14.8 million over Q1 2024 Record gross margin of 16%, an increase over Q1 2024 of 6 percentage points 31% of revenue derived from commercial customers Backlog of $11 million; record pipeline of over $183 million Net cash used of $0.1 million in operating activities for the six months ended Q2 2024 Debt free and $100 million line of credit available and unused Q2 2024 and Recent Operational Highlights: Q2 purchase orders up 129% year-over-year with over half of U.S. orders from new customers Signed first European distributor for EV charging and energy infrastructure product lines Over half of Q2 EV ARC™ orders are new customers, expanding our customer base New orders from U.S. commercial business in Q2 increase 66% year-over-year “The Beam Team is laser focused on improving margins and continuing our progress towards positive cash flow.

Beam Global Announces Record Second Quarter 2024 Operating Results

SAN DIEGO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM ), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, has deployed the first EV ARC™ solar-powered EV charging systems for the UK Ministry of Defence (MOD) at several British Sovereign Bases on Cyprus. This is the first EV ARC™ customer shipment out of Beam Global's new European facilities.

Beam Global Completes First European EV ARC™ Deployment for UK Ministry of Defence, Cyprus

SAN DIEGO, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM ), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, has signed the first distribution agreement for the European market. Geci Group S.A.

Beam Global Signs First European Distribution Agreement

SAN DIEGO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM ), (the “Company”), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that it will report its Q2 2024 operating results on Tuesday, August 13, 2024 after the market closes. Management will host a conference call on Tuesday, August 13, 2024 at 4:30 p.m.

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