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.

It has been a tough operating environment for start-up companies that aren't profitable yet amid higher interest rates and a slowing economy.

Beam Earnings Are OK. EV Charging Is Entering a New Phase.

SAN DIEGO, Nov. 14, 2023 (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 its Third Quarter results for the period ended September 30, 2023. Q3 2023 Financial Highlights Quarterly revenue of $16.5 million, a 149% increase over Q3 2022 Record year-to-date revenues of $47.3 million, a 236% increase over 2022 Record Q3 EV ARC™ system deployments; increased 295% YOY Record year-to-date gross profit of $0.8 million, or 2% of revenues; year-to-date gross profit excluding non-cash items of $1.5 million, or 3% of revenues Year-to-date gross profit improvement of 9% as a percentage of revenue over 2022 Year-to-date operating expenses improved by 52% as a percentage of revenue over 2022 Oversubscribed public offering of $25 million, net of expenses, to support European acquisition and strengthen balance sheet Debt Free and $100 million line of credit available and unused Backlog of $31 million on September 30, 2023, Pipeline of over $112M Acquisition Highlights—Amiga DOO: Closed acquisition of Europe based Amiga DOO on October 20, 2023, a leading European provider of transportation, communications and energy infrastructure products Opened largest automotive market in the world to Beam Global clean technology solutions through expansion of sales team and existing customer relationships in 17 nations Significantly expanded engineering expertise to further develop new product solutions for the electrification of transportation and the securing and decarbonizing of energy infrastructure Significantly expanded development and manufacturing capacity to bring Beam Global products to European markets and beyond Enhanced in-sourcing capabilities resulting in cost and risk reduction in manufacturing of Beam Global products Provided virtual facility tour as first public look at Beam Europe with live streamed tour of the new factory and offices on November 9, 2023 Product Development and Order Highlights: Launched 160 mph wind-rated EV ARC™ sustainable EV charging infrastructure product line Continued rapid deployments of EV ARC™ products for federal, state, municipal and corporate customers Completed initial deployment of solar-powered EV ARC™ systems for top global automotive manufacturer EV ARC™ systems withstood and continued to operate before, during and after hurricane Idalia in Florida, Georgia and the Carolinas demonstrating disaster preparedness value of Beam Global products Received new and follow on orders from government and commercial entities including the City of Los Angeles, U.S. Army, Clearpath Robotics, National Park Service and California Institute of Technology (CalTech) Issued a European patent for EV Standard™ curbside EV charging infrastructure product “The Beam team delivered another record-breaking quarter while also continuing to improve our products and sell them to an ever-expanding group of quality customers,” said Desmond Wheatley, CEO of Beam Global.

Beam Global Announces Third Quarter 2023 Results

SAN DIEGO, Nov. 07, 2023 (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 Third Quarter 2023 operating results on Tuesday November 14, 2023 before the market opens. Management will host a conference call on Tuesday November 14, 2023 at 8:30 a.m.

Beam Global to Release Third Quarter 2023 Operating Results, Conference Call Scheduled for November 14, 2023 at 8:30 a.m. ET

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SAN DIEGO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW) (“Beam Global” or the “Company”), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced the Company will host a live-streamed tour of its newly acquired European operations on Thursday, November 9, 2023 at 6 a.m. PT / 9 a.m.

Beam Global to Host Live-Streamed Tour of Beam Europe

SAN DIEGO, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW) (“Beam Global” or the “Company”), a leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, today announced the closing of the acquisition of Europe based Amiga DOO Kraljevo (“Amiga”), an established manufacturer of specialized structures and equipment including street lights, communications and energy infrastructure, whose manufacturing, engineering and sales teams serve municipalities, states and commercial customers in 16 nations.   Acquisition Expands Market Reach, Product Development and Capacity Beam Global expects that the acquisition of Amiga which will be re-branded as Beam Europe will fast track its growth into the European market.

Beam Global Closes Acquisition of Europe Based Amiga, Creates Beam Europe

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SAN DIEGO, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW) (“Beam Global” or the “Company”), a leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, today announced the execution of a Stock Purchase Agreement to acquire Europe based Amiga DOO Kraljevo (“Amiga”), an established manufacturer of specialized structures and equipment including street lights, communications and energy infrastructure, whose manufacturing, engineering and sales teams serve municipalities, states and commercial customers in 16 nations. The transaction, valued at approximately €10 million, is expected to close in early Q4 2023 at which time Amiga will be re-branded Beam Europe.

Beam Global Completes Due Diligence and Negotiations and Signs Agreement to Acquire Europe Based Amiga

Next gen EV ARC™ solar EV charging systems now have a wind rating of 160 mph and are FEMA designated as disaster recovery and preparedness products.

Beam Global Launches 160 mph Wind-Rated EV ARC™ Sustainable EV Charging Infrastructure Products

SAN DIEGO, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM , BEEMW), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, announced today that it has successfully and quickly completed an initial deployment for a well-known global automotive company of their first order of EV ARC™ solar-powered off-grid EV charging systems.

Beam Global Completes Initial Deployment of Solar-Powered EV ARC™ Electric Vehicle Charging Systems for Top Global Automotive Manufacturer

The collapse of sentiment in the EV sector has led to a significant drop in the valuation of Beam Global. BEEM's revenue has been surging, but its market cap has decreased due to the current macroeconomic conditions. The pending acquisition of Amiga is expected to boost Beam's revenue, but profitability is still a distant goal.

Beam Global: Why I Didn't Buy The EV Charging Story

EV ARC™ Systems in Florida, Georgia and the Carolinas continued to charge vital vehicles during grid outages EV ARC™ Systems in Florida, Georgia and the Carolinas continued to charge vital vehicles during grid outages

Beam Global EV ARC™ Systems Continue to Operate Throughout Hurricane Idalia

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Beam Global (NASDAQ:BEEM ) Q2 2023 Earnings Conference Call August 14, 2023 4:20 AM ET Company Participants Kathy McDermott - Chief Financial Officer Desmond Wheatley - Chairman, Chief Executive Officer & President Conference Call Participants Craig Irwin - ROTH MKM Christopher Souther - B.Riley Tate Sullivan - Maxim Group Christopher Pierce - Needham & Company Noel Parks - Tuohy Brothers Investment Research Operator Good day and welcome to the Beam Global Second Quarter 2023 Financial Results and Corporate Update. All participants will be in a listen only mode.

Beam Global (BEEM) Q2 2023 Earnings Call Transcript

379% Quarterly Revenue Growth Year-Over-Year 312% First Half Revenue Growth Year-Over-Year 589% EV ARC™ Deployment Growth Year-Over-Year $23.7 Million in Cash and $37.1 Million in Working Capital LOI to Enter European Market with Acquisition of Amiga DOO Conference Call Monday August 14, 2023 at 4:30 P.M. ET SAN DIEGO, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM , BEEMW), (the “Company”), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, today announced operating results for the second quarter ended June 30, 2023.

Beam Global Announces Record Second Quarter 2023 Operating Results

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SAN DIEGO, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM , BEEMW), (the “Company”), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, announced that it will report its Second Quarter 2023 operating results on Monday August 14, 2023. Management will host a conference call on Monday August 14, 2023 at 4:30 p.m. ET to review financial results and provide an update on corporate developments. Following management's formal remarks, there will be a question-and-answer session.

Beam Global to Release Second Quarter 2023 Operating Results, Conference Call Scheduled for August 14, 2023 at 4:30 p.m. ET

SAN DIEGO, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM , BEEMW), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, announced that the City of Los Angeles Department of Recreation and Parks placed a third order for solar-powered EV ARC™ charging systems, their largest order thus far. The off-grid systems will be used to fuel the City's growing fleet of electric vehicles. 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.

The City of Los Angeles Department of Recreation and Parks Strengthens its Commitment to Sustainability with Third Follow-On Order of Beam Global EV ARC™ Off-Grid Solar Charging Systems

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Beam Global (BEEM) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Beam Global (BEEM) Surges 9.8%: Is This an Indication of Further Gains?

Beam Global (BEEM) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

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