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.

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SAN DIEGO, July 11, 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 Beam AllCell™ energy storage solutions have been selected by a leading provider of solar powered Transport Refrigeration Units (TRUs). The global Refrigerated Trailer market size was valued at USD 4.2 billion in 2023 and is forecast to grow to USD 6.3 billion by 2030, with North America and Europe experiencing steady growth in clean technology solutions for the industry driven by government initiatives and increasing consumer awareness.

Beam Global Receives Energy Storage Solution Order for Transport Refrigeration Units

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Purchase orders up 128% year-over-year with over half of U.S. orders from new customers Beam Global ships first EV ARC™ systems for UK Ministry of Defence (MOD) from European facility Beam Global CEO Desmond Wheatley and the Company's executive team to ring the opening bell at Nasdaq today SAN DIEGO, July 02, 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 record Q2 new orders of $10.6 million, up 128% year-over-year. Beam Global expanded government contracts with new and repeat orders from state agencies in California, Massachusetts, Nevada and North Carolina and from 15 local government entities.

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SAN DIEGO, June 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, announced that the City of Vacaville has deployed three EV ARC™ solar-powered EV charging systems for use by the general public. The systems were purchased through the California Department of General Services (DGS) Contract #1-22-61-16, which serves to simplify the government procurement process and make select solutions available statewide at the best negotiated pricing.

City of Vacaville, California Deploys Beam Global EV ARC™ Off-Grid Solar EV Charging Systems

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Beam Global (NASDAQ:BEEM ) Q1 2024 Earnings Conference Call May 21, 2024 4:30 PM ET Company Participants Lisa Potok - CFO Desmond Wheatley - President, CEO and Chairman Conference Call Participants Sameer Joshi - HC Wainwright Tate Sullivan - Maxim Group Chris Pierce - Needham and Company Noel Parks - Tuohy Brothers Christopher Souther - B. Riley Operator Hello and welcome to the Beam Global First Quarter 2024 Operating Results Conference Call.

Beam Global (BEEM) Q1 2024 Earnings Call Transcript

SAN DIEGO, May 21, 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 first quarter results for the period ended March 31, 2024. Q1 2024 Financial and Recent Company Highlights Record first quarter revenue of $14.6 million, 12% increase over Q1 2023 Record gross profit with 10.2% gross margin Backlog of $20 million on March 31, 2024; pipeline of over $160 million Debt free and $100 million line of credit available and unused 310% increase in Q1 EV charging new orders from business/commercial sector over Q1 2023 $7.4 million order from the U.S. Army for 88 off-grid EV ARC™ systems $4.8 million order from U.S. Department of Homeland Security for EV ARC™ systems $1.7 million order from the North Carolina Department of Adult Correction for sustainable EV charging infrastructure products $1.2 million in orders from leading European market telecommunications provider Awarded first European government supplier agreement on the UK's Crown Commercial Service, the main purchasing vehicle for UK government entities $1.0 million order from United Kingdom Ministry of Defense for EV ARC™ systems Federal Railroad Administration orders EV ARC™ charging systems U.S. National Park Service deploys EV ARC™ systems at the National Mall Awarded European Patent for Thermal Management Technology that Makes Lithium-ion Batteries Safer Awarded U.S. Patent for Wireless / Inductive Electric Vehicle Charging Powered by Renewable Energy Commenced fabrication of EV Standard™ beta products “First quarter revenues of $14.6 million marked our highest first quarter revenues in the company's history.

Beam Global Announces Record First Quarter 2024 Operating Results

SAN DIEGO, May 15, 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 Q1 2024 operating results on Monday, May 20, 2024 after the market closes. Management will host a conference call on Tuesday May 21, 2024 at 4:30 p.m.

Beam Global to Release Q1 2024 Operating Results, Conference Call Scheduled for May 21, 2024 at 4:30 p.m. ET

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Federal Railroad Administration Orders Beam Global EV ARC™ Solar-Powered EV Charging Systems

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Beam Global (BEEM) Q4 2023 Earnings Call Transcript

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