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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

C3.ai

EHang Holdings Ltd - ADR

Jumia

Ouster, Inc

SiTime Corporation

Tech stocks are among the most viable segments within the equities market. One could make the argument that the broader narrative is permanently relevant: modern societies will constantly push for bigger, better and more efficient ones.

7 Tech Stocks to Bet On for Big Gains in the Digital Age

BYD Co Ltd

NEXTracker Inc

Tesla

BYD Company Limited

Enphase Energy

ON Semiconductor

SolarEdge Technologies

Predicting rate cuts in 2024 has been exceedingly difficult. Yet here in late July it looks increasingly likely that cuts could come as soon as September.

7 EV and Renewable Energy Stocks to Stock Up on Before Rate Cuts

Blink Charging

ChargePoint Holdings

Thanks to government initiatives, increasing electric vehicle (EV) adoption and significant investments in charging infrastructure, EV charging stocks will continue to rank high in most portfolios. The worldwide number of EV charging stations is expected to increase to over 40 million by 2030.

3 EV Charging Stocks That Could Be Multibaggers in the Making: July Edition

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

Backblaze

Revance Therapeutics

Just like in the sport of baseball, it's generally better to put one foot in front of the other: get on base and move the guy on first to second and so on until you score a run. However, if you're the San Diego Padres and you find yourself behind by 10 runs (usually to a terrible team), it's time to swing for the fences.

Stocks to Buy: 3 Breakout Stars to Transform Your Portfolio

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.

Beam Global Announces Record Q2 Purchase Orders and First EV ARC™ Shipments in Europe

Sunnova Energy International Inc

Renewable energy is on its way to replacing fossil fuels. Many economies are transitioning to green energy sources, and the United Nations COP28 Summit has encouraged more countries to commit to the cause.

3 Renewable Energy Stocks to Turn Your Portfolio Into a Money Machine

Lantronix

Wag! Group Co

I don't care how you want to phrase it: penny stocks to buy are risky. If you take a hard swing at the bat, sometimes, you'll launch the ball out of the park.

You've Been Warned! 3 Penny Stocks to Buy Now or Regret Forever.

Aqua Metals

Clearsign Combustion

Undiscovered cleantech stocks are quietly transforming industries and paving the way for a sustainable future. As the global focus on reducing carbon footprints intensifies, companies in this article are pioneering breakthroughs in recycling, renewable energy, and emission control.

Treasure Hunt: 3 Cleantech Stocks Wall Street Hasn't Discovered Yet

EVgo

It's time to revisit some of the top EV charging stocks to buy on the dip. All of this is happening as electric vehicle sales start to accelerate again.

3 EV Charging Stocks to Buy on the Dip: June 2024

AirSculpt Technologies

Trupanion

Easily one of the most explosive ideas to consider in the market are short-squeeze stocks to buy. This niche area plays on the psychology of panicked emotions.

3 Short-Squeeze Stocks to Buy Before July for 20% Returns

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

Wallbox NV

Building out a charging infrastructure is critical as governments across the world push to make electric vehicles (EVs) the alternative and in fact, the replacement for internal combustion engine (ICE) vehicles. That's why many investors are looking at EV charging stocks to buy.

3 EV Charging Stocks to Buy on the Dip: May 2024

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

Broadwind Energy

First Solar

The stage has been set for the world to transition into a green energy environment. Global economies have already taken steps to shift to clean energy.

3 Renewable Energy Stocks to Capitalize on the Sustainability Surge

The electric vehicle (EV) revolution has been one of the most captivating investment trends of the decade. It has captured the imagination of investors and shaped the future of transportation.

The 3 Best EV Charging Stocks to Buy in May 2024

The Federal Railroad Administration has ordered EV ARC™ solar-powered EV charging systems to charge federal fleet vehicles at the TTC in Pueblo. CO.

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

Lucid Group

Toyota Motor

A sign that the electric vehicle (EV) market is making a comeback recently came from Illinois, sending EV stocks up. Governor JB Pritzker announced that Rivian (NASDAQ: RIVN ) will be receiving an incentive package of more than $8 million to expand its production facility in Normal, IL.

3 EV Stocks to Buy That Are Likely to Get Some Love From Democratic Governors

As the electric vehicle (EV) market continues to expand, savvy investors are looking for top EV charging stocks to buy. The rising adoption of electric vehicles is pushing governments to improve charging infrastructure, which directly benefits companies in this sector.

The Top 3 EV Charging Stocks to Buy in April 2024

General Motors

Rivian Automotive

Since the beginning of 2024, concern for the electric vehicle (EV) market has risen while many EV stocks have trended downward. After enjoying a red-hot surge of enthusiasm, the sector has definitely cooled.

3 EV Stocks to Buy ASAP Before Demand Ramps Right Back Up

Beam Global (BEEM) Q4 2023 Earnings Call Transcript

EV charging stocks to buy now haven't been too attractive lately. But don't write them off just yet.

3 EV Charging Stocks to Buy Now: Q2 Edition

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.

News for Beam Global Stock (BEEM)