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, Jan. 30, 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 former Nuclear Navy Officer Mark Myers has joined the Beam Global executive team as chief operating officer (COO). Mr. Myers is a proven manufacturing and operations executive with over 20 years of experience leading lean transformations in design, manufacturing and logistics.

Beam Global Appoints Former Nuclear Navy Officer as COO

SAN DIEGO, Jan. 23, 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 U.S. Department of Homeland Security (DHS) has ordered 47 Beam EV ARC™ sustainable off-grid charging systems and 16 ARC Mobility™ trailers to enable efficient transportation of the products. The EV ARC™ systems will be deployed to the Federal Emergency Management Agency (FEMA), Customs Border Patrol (CBP), Coast Guard (USCG), Federal Law Enforcement Training Centers (FLETC) and Secret Service (USSS).

Beam Global Receives $4.8M Order from U.S. Department of Homeland Security for Sustainable EV Charging Infrastructure Products

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SAN DIEGO, Jan. 16, 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 the U.S. Army Corps of Engineers, Army Material Command (AMC) placed an order for 88 EV ARC™ sustainable off-grid charging systems. The systems will be deployed across 21 locations in 16 states.

Beam Global Receives $7.4M Order from the U.S. Army for 88 Off-Grid EV ARC™ Electric Vehicle Charging Systems

SAN DIEGO, Jan. 11, 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, CEO of Beam Global, has received the Global Sustainability Hero award from the Business Intelligence Group in the 2023 Sustainability Awards program. The Sustainability Awards honor those people, teams and organizations who have made sustainability an integral part of their business practice or overall mission.

Beam Global CEO Desmond Wheatley Recognized as Business Intelligence Group's Global Sustainability Hero of the Year

SAN DIEGO, Jan. 10, 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 EV ARC™ system has been honored with the prestigious Top Product of the Year Award 2023 by the Environment + Energy (E+E) Leader Awards program. This accolade recognizes the EV ARC™ sustainable EV charging system as an exemplary product making great strides in energy advancement.

Beam Global Receives Top Product of the Year Award from Environment + Energy Leader

SAN DIEGO, Jan. 09, 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 overview at the 26th Annual Needham Growth Conference. The conference is being held January 17 - 18, 2024 at the Lotte New York Palace Hotel.

Beam Global to Present at the 26th Annual Needham Growth Conference

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SAN DIEGO, Dec. 21, 2023 (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 Los Angeles StreetsLA Division placed another order for solar-powered EV ARC™ charging systems, their largest order thus far. The off-grid systems will be deployed across several metro and valley locations and used to fuel the City's growing fleet of electric vehicles.

City of Los Angeles Places Follow-On Order of Beam Global EV ARC™ Off-Grid Solar EV Charging Systems

SAN DIEGO, Dec. 20, 2023 (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 over 20% increase in new unit sales year-over-year from county-level entities with a balance of new county customers (56%) and returning repeat county customers (44%). County parks, county hospitals, court systems, public works (water and utility), public transit centers, fleet facilities and child support services are among the recipients of the solar-powered EV ARC™ EV charging infrastructure products.

Beam Global Announces Increase in Orders from County-Level Government Entities

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SAN DIEGO, Dec. 14, 2023 (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 a leading European market telecommunications operator placed orders for telecommunications infrastructure products, valued at over US$1 million year to date, with US$750k since Beam Global's acquisition of Amiga and the formation of Beam Europe. The customer has worked with Beam Global's European operations, formed as a result of the Beam Global acquisition of Amiga D.O.O in October of this year, for over 20 years.

Beam Europe Receives New Orders from Leading European Market Telecommunications Provider Totaling US$1.2 Million

SAN DIEGO, Dec. 13, 2023 (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 George Syllantavos, based in Europe, has joined the Beam Global board of directors. A seasoned executive with over 35 years of experience in corporate finance, strategic planning, corporate boards, governance and entrepreneurship, Mr.

Europe-Based George Syllantavos Joins Beam Global Board of Directors

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SAN DIEGO, Dec. 07, 2023 (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 repeat orders from multiple federal agencies, deepening 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 which simplifies the federal procurement process and ensures best pricing.

Beam Global Announces Continuing Orders for EV ARC Solar-Powered EV Charging Systems from Multiple Federal Agencies

SAN DIEGO, Dec. 06, 2023 (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 Lisa Potok has joined the Beam Global executive team as chief financial officer. Ms. Potok is an innovative and strategically focused financial executive with Fortune 500, small and medium-sized company and international experience.

Beam Global Appoints Lisa Potok as Chief Financial Officer

SAN DIEGO, Dec. 05, 2023 (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 Judy Krandel has joined the Beam Global board of directors. Ms. Krandel joins Beam Global's board as an independent board member and Chair of the Audit Committee, with an impressive track record in strategic planning and financial leadership.

Judy Krandel Joins Beam Global Board of Directors

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SAN DIEGO, Nov. 29, 2023 (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 orders from the California Department of General Services (DGS) for several of the top State Agencies, adding to Beam's footprint in its leading market in the United States. The EV ARC™ systems were purchased using the California Department of General Services (DGS) contract #1-22-61-16 which simplifies the state procurement process and ensures the best negotiated pricing.

Beam Global Announces Continuing Orders for EV ARC Solar-Powered EV Charging Systems from Multiple California State Agencies

SAN DIEGO, Nov. 21, 2023 (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 EV Standard™, the Company's renewably energized streetlight replacement products which provide curbside EV charging. The European Patent Office granted European Patent No.

Beam Global Granted European Patent for Curbside Electric Vehicle Charging Infrastructure Products

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Beam Global (NASDAQ:BEEM ) Q3 2023 Earnings Conference Call November 14, 2023 8:30 AM ET Company Participants Kathy McDermott - Chief Financial Officer Desmond Wheatley - Chairman, Chief Executive Officer & President Conference Call Participants Tate Sullivan - Maxim Group Chris Souther - B. Riley James McCulloch - Private Investor Abhi Sinha - Northland Capital Noel Parks - Tuohy Brothers Investment Research Chris Pierce - Needham & Company Operator Good day, and welcome to the Beam Global Third Quarter 2023 Financial Results and Corporate Update.

Beam Global (BEEM) Q3 2023 Earnings Call Transcript

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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.

News for Beam Global Stock (BEEM)