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, April 16, 2024 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), (the “Company”), the leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced operating results for the year ended December 31, 2023. 2023 and Recent Company Highlights Record full year revenues of $67.4 million, 206% year over year increase Record Q4 revenues of $20.0 million, 154% year over year increase and highest quarterly revenue in the company's history Record full year EV ARC™ system production, 194% year over year increase Positive full-year gross profit – an improvement of 9% as a percentage of revenue over 2022 Debt free and $100 million line of credit available and unused Current pipeline $150 million, backlog of $22 million at December 31, 2023 Received $7.4 million order from the U.S. Army for 88 off-grid EV ARC™ EV charging systems – 3rd largest order in company history Received $4.8 million order from U.S. Department of Homeland Security for sustainable EV charging infrastructure products – 5th largest order in company history Acquired Amiga creating Beam Europe to open largest market in the world to Beam Global clean technology solutions with existing customer relationships in 17 nations Awarded first European government supplier agreement on the UK's Crown Commercial Service Received first million-dollar European order for EV ARC™ solar-powered EV charging systems from UK Ministry of Defence Received new European orders from leading telecommunications provider totaling US$1.2 million Qualified for U.S. Federal government FedRAMP Increased EV ARC™ base unit sales price by 8.25% Expanded global patent portfolio: Granted U.S. Patent for Wireless / Inductive Electric Vehicle Charging Powered by Renewable Energy Granted European patent for Compact Transportation-Configurable EV ARC™ Systems Granted European patent for EV Standard™ Curbside EV Charging Infrastructure product Granted European Patent for Thermal Management Technology that Makes Lithium-ion Batteries Safer Granted patents in China and India for Thermal Management Technology that Makes Lithium-ion Batteries Safer Enhanced Beam global leadership team: Judy Krandel joined Beam Global Board of Directors as Audit Committee Chair Europe-based George Syllantavos joined Beam Global Board of Directors Appointed Mark Myers, former nuclear navy officer, as Chief Operating Officer Appointed Lisa Potok as Chief Financial Officer Significantly expanded engineering expertise to further develop new product solutions for the electrification of transportation and the security and decarbonization of energy infrastructure Significantly expanded development and manufacturing capacity to bring Beam Global products to European markets and beyond Commenced fabrication of EV Standard™ beta products Launched 160 mph wind-rated EV ARC™ sustainable EV charging infrastructure product line “The Beam Team delivered a tripling of revenues, positive and significantly improved gross profits, significantly reduced operating costs as a percentage of revenues, a tangible path to cash flow, and growing pipeline and healthy backlog,” said Desmond Wheatley, CEO of Beam Global.

Beam Global Reports Record Year End 2023 Operating Results

SAN DIEGO, Calif., April 16, 2024 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM , BEEMW), (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 2023 operating results on Wednesday April 17, 2024 after the market closes.

Beam Global to Release 2023 Operating Results, Conference Call Scheduled for April 17, 2024 at 4:30 p.m. ET

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SAN DIEGO, April 03, 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 that Desmond Wheatley, Chief Executive Officer, will present a corporate update at the LD Micro Invitational XIV 2024. The conference is being held April 8-9, 2024 at the Sofitel Hotel in New York City.

Beam Global to Participate in the LD Micro Invitational XIV Conference April 8-9, 2024

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SAN DIEGO, March 26, 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 that Desmond Wheatley, Chief Executive Officer, and Dr. Said Al-Hallaj, Chief Battery Scientist will conduct an in-depth seminar on emerging technologies and financial models for utility scale energy storage on 26th March 2024 at Hotel Hilton, Belgrade. Seminar Title: Utility Scale Energy Storage: Li-ion Batteries and Financial Models Seminar Date: Tuesday, 26th March 2024 Location: Hotel Hilton, Belgrade in Serbia Register: By invitation only; contact Jelena.Spasojevic@BeamForAll.com     The seminar will be attended by government, business and utility leaders from Serbia, Macedonia, Montenegro, Croatia and U.S. embassy officials.

Beam Global Europe Conducts Seminar on Utility Scale Energy Storage: Li-ion Batteries and Financial Models

SAN DIEGO, March 19, 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, has been granted another new patent by the United States Patent Office that covers the Company's wireless charging technology, with the patent title Self-Contained Renewable Inductive Battery Charger. The U.S. Patent Office granted Patent No.

Beam Global Granted U.S. Patent for Wireless / Inductive Electric Vehicle Charging Powered by Renewable Energy

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Beam Global Receives First European Order for EV ARC™ Solar-Powered EV Charging Systems UK Ministry of Defence to Deploy EV ARC™ Systems on Cyprus

Beam Global Receives First European Order for EV ARC™ Solar-Powered EV Charging Systems

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SAN DIEGO, March 07, 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 that the Company has been named as a supplier on the UK's CCS Spark Dynamic Purchasing System (DPS). CCS is the main purchasing vehicle for UK government entities and supports the public sector to achieve maximum commercial value when procuring common goods and services.

Beam Global Announces First European Government Supplier Agreement

SAN DIEGO, Feb. 29, 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 that the City of Richmond in California has selected EV ARC™ sustainable electric vehicle (EV) charging to power their car share program, which offers flexible transportation benefitting underserved communities. EV ARC™ systems are 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 Richmond in California Selects Beam Global EV ARC™ Product to Power Car Share Program in Underserved Community

Beam Global provides EV charging stations for off-grid locations and emergency backup power. The company recently expanded its global footprint with the acquisition of Serbian streetlamp company Amiga. BEEM's European expansion is expected to accelerate revenue growth and may achieve profitability within the next year.

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SAN DIEGO, Feb. 22, 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, has been granted another new patent by the European Patent Office that covers the Company's battery safety technology, with the patent title Thermal State of Charge Estimation of Phase Change Material (PCM) in a Battery Pack with a PCM Thermal Management System. The European Patent Office granted European Patent No.

Beam Global Granted European Patent for Thermal Management Technology that Makes Lithium-ion Batteries Safer

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SAN DIEGO, Feb. 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 that Desmond Wheatley, Chief Executive Officer, will present a corporate update at the Baird 2024 Vehicle Technology & Mobility Conference. The conference is being held virtually on February 29, 2024.

Beam Global to Present at the Baird 2024 Vehicle Technology & Mobility Conference

SAN DIEGO, Feb. 13, 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 six federal customers have placed first-time orders, expanding the Beam Global footprint among its existing federal customers. The EV ARC™ systems were purchased through the General Services Administration (GSA) Multiple Award Schedule (MAS) Contract Number 47QSWA21D0006 and the GSA Federal Blanket Purchase Agreement (BPA) for Electric Vehicle Supply Equipment Contract Number 47QMCA22A0004, contracts which simplify the federal procurement process and ensure best pricing.

Beam Global Announces New Federal Customers Placed First-Time Orders for EV ARC Solar-Powered EV Charging Systems

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SAN DIEGO, Feb. 08, 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, today announced that the County of San Diego has deployed 10 Beam EV ARC™ sustainable off-grid charging systems at public parks for public charging and at county locations for fleet charging. The repeat purchase was made through the General Services Administration (GSA) Multiple Award Schedule (MAS) Contract Number 47QSWA21D0006 which simplifies the federal procurement process and ensures best pricing, and can be used by many state and local government entities for disaster recovery or preparedness purposes.

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