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.

Beam Global has secured a 5-year credit facility after a 30% decline in its stock price and a cash position of $1 million at the end of its fiscal 2023 first quarter. The company reported a 245.4% year-over-year revenue growth and its first-ever positive gross profit in the first quarter. US EV sales grew by 57% in 2022, and Beam Global's improved cash position and continued gross margin gains could drive a recovery in its stock price.

Beam Global Raises Funds As Gross Profit Ramps

EV ARC™ Sustainable EV Charging Infrastructure and Safe Energy Storage Solutions Recognized in the Energy Category EV ARC™ Sustainable EV Charging Infrastructure and Safe Energy Storage Solutions Recognized in the Energy Category

Beam Global Awarded Gold Company of the Year in Stevie® 2023 American Business Awards®

SAN DIEGO, May 19, 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 will participate at the B. Riley Securities 23rd Annual Institutional Investor Conference on May 24 and May 25, 2023 at the Beverly Hilton Hotel in Beverly Hills, California.

Beam Global to Participate at the B. Riley 23rd Annual Institutional Investor Conference

Beam Global Inc. NASDAQ: BEEM is emerging as a standout in the electric vehicle (EV) infrastructure space. As the EV movement continues to spread as more EVs get on the road, EV charging stations continue to pop up everywhere from companies like  ChargePoint Holdings Inc. NASDAQ: CHPT, Blink Charging Co. NASDAQ: BLNK, EVgo Inc. NYSE: EVGO and the Telsa Inc. NASDAQ: TSLA supercharging network.

Beam Global Shines Brightly in the EV Infrastructure Space

Beam Global (NASDAQ:BEEM ) Q1 2023 Earnings Conference Call May 15, 2023 4:30 PM ET Company Participants Kathy McDermott - Chief Financial Officer Desmond Wheatley - Chairman, Chief Executive Officer & President Conference Call Participants Tyler DiMatteo - BTIG Christopher Souther - B.Riley Noel Parks - Tuohy Brothers Investment Research Abhishek Sinha - Northland Capital Tate Sullivan - Maxim Group Chris Pierce - Needham & Company Operator Good day, and welcome to the Beam Global First Quarter 2023 Financial Results and Corporate Update. [Operator Instructions] Please note that this event is being recorded.

Beam Global (BEEM) Q1 2023 Earnings Call Transcript

Beam Global (BEEM) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.42. This compares to loss of $0.24 per share a year ago.

Beam Global (BEEM) Reports Q1 Loss, Tops Revenue Estimates

ASP Isotopes Inc

ORLANDO, FL / ACCESSWIRE / May 12, 2023 / RedChip Companies will air new interviews with Beam Global (Nasdaq:BEEM, BEEMW) and ASP Isotopes Inc. (NASDAQ:ASPI) on The RedChip Money Report® on Bloomberg TV, this Saturday, May 13, at 7 p.m. Eastern Time (ET).

Beam Global and ASP Isotopes Inc. Interviews to Air on Bloomberg U.S. on the RedChip Money Report(R)

SAN DIEGO, May 11, 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 the issuance of another patent by the European Patent Office that covers the Company's compact transportation-configurable EV ARC™ products.

Beam Global is Issued a European Patent for Compact Transportation-Configurable EV ARC™ Systems

SAN DIEGO, April 18, 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 a leading global automotive brand has placed an order for EV ARC™ solar-powered EV charging systems.

Beam Global Receives Order from Top Global Automotive Manufacturer for Solar-Powered EV ARC™ Electric Vehicle Charging Systems

Beam Global (NASDAQ:BEEM ) Q4 2022 Earnings Conference Call March 29, 2023 4:30 PM ET Company Participants Kathy McDermott - Chief Financial Officer Desmond Wheatley - President, Chief Executive Officer and Chairman Conference Call Participants Christopher Souther - B. Riley Tate Sullivan - Maxim Group Craig Irwin - Roth MKM Noel Parks - Tuohy Brothers Investment Research Abhi Sinha - Northland Operator Good day, and welcome to the Beam Global Year End 2022 Financial Results and Corporate Update Conference Call.

Beam Global (BEEM) Q4 2022 Earnings Call Transcript

Beam Global (BEEM) delivered earnings and revenue surprises of -71.11% and 6.44%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Beam Global (BEEM) Reports Q4 Loss, Tops Revenue Estimates

Conference Call Wednesday March 29, 2023 at 4:30 p.m. ET Conference Call Wednesday March 29, 2023 at 4:30 p.m. ET

Beam Global Reports Fourth Quarter and Full Year 2022 Financial Results

Beam Global (BEEM) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Strength Seen in Beam Global (BEEM): Can Its 11.0% Jump Turn into More Strength?

SAN DIEGO, March 22, 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 Fiscal Year-End 2022 financial results on Wednesday March 29, 2023. Management will host a conference call on Wednesday March 29, 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 Schedules Fiscal 2022 Year-End Financial Results Conference Call for March 29, 2023 at 4:30 p.m. ET

SAN DIEGO, Feb. 28, 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 receipt of an order for its energy storage solutions to power an industrial robotics platform. The battery packs include Beam's patented PCC™ thermal management technology for superior safety, higher energy density and longer life. The customer is an established company that designs and builds mobile robotics platforms and software. The application is an unmanned ground vehicle platform that can be outfitted with a variety of sensing options.

Beam Global Receives Battery Order to Power Mobile Robotics Platform

SAN DIEGO, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Beam Global (“Beam” or the “Company”) (Nasdaq: BEEM), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, announces that Beam Global's CEO Desmond Wheatley will present at Tribe Public's Webinar Presentation and Q&A Event titled “Sustainable Products Solving EVs' Biggest Challenges.” The Event is scheduled to begin at 8:30am Pacific/11:30am Eastern on February 28, 2023.

Registration Now Open For Tribe Public's Webinar Event “Sustainable Products Solving EVs' Biggest Challenges” Featuring Beam Global's CEO On February 28, 2023

SAN DIEGO, Feb. 14, 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 several orders for EV ARC™ off-grid EV charging systems were placed by correctional facilities on the east and west coasts of the U.S. The systems were purchased through the California Department of General Services (DGS) contract #1-22-61-16, which allows state, local and municipal government entities in California and other U.S. states, to purchase Beam products at the California negotiated price, without having to go through a lengthy procurement or technology review process.

Beam Global Receives Multiple Orders from Correctional Facilities for EV ARC™ Off-Grid EV Charging Systems

SAN DIEGO, Jan. 24, 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 an $847k order for Beam Global's energy storage solutions to power recreational watercraft. The battery packs include Beam's patented PCC™ thermal management technology for superior safety, higher energy density and longer life. The customer is an American company that designs, assembles and distributes all-electric personal watercraft.

Beam Global Receives $847k Battery Order to Power Recreational Watercraft

SAN DIEGO, Dec. 19, 2022 (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 its participation in the upcoming 25th Annual Needham Growth Conference January 10 through January 12, 2023 at the Lotte Hotel in New York.

Beam Global to Participate in Needham 25th Annual Growth Conference on January 12, 2023

SAN DIEGO, Dec. 14, 2022 (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 it received record orders in 2022 through key government contracts via extensions to non-contract holders. Beam Global's new and expanded California DGS contract is now available to all 50 states and the federal GSA contract can also be used by a variety of non-federal government agencies. In 2022 contract extension orders totaled over $6.6M, saving local and state governments across the U.S. time and money while enabling them to acquire Beam Global's rapidly deployed EV charging infrastructure products without going through extensive individual contracting processes.

Beam Global Received Record Orders Through California and Federal Contracts from Extensions to Other Government Entities in 2022

SAN DIEGO, Dec. 07, 2022 (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 it shipped and deployed a record number of sustainable EV ARC™ EV charging systems in the month of November, higher than any other month in company history.

Beam Global Shipped and Deployed Record Number of EV ARC™ Sustainable EV Charging Systems in November 2022

SAN DIEGO, Nov. 22, 2022 (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 Puerto Rico has begun deployment of EV ARC™ off-grid EV charging systems to charge government fleet vehicles and aid in disaster preparedness and energy resiliency. The U.S. Department of Homeland Security (DHS) is funding the EV ARC™ systems to provide 100% solar-powered off-grid EV charging and emergency power in the face of increasing natural disasters and grid outages. The systems are purchased through the General Services Administration (GSA) Multiple Award Schedule (MAS) Contract Number 47QSWA21D0006 which simplifies the federal procurement process and ensures best pricing; advantages which can be extended to many state and local government agencies when used for disaster recovery or preparedness purposes.

Beam Global Deploys First EV ARC™ Systems in Puerto Rico for Disaster Preparedness

Beam grew revenue more than 200% form Q3 2021 to Q3 2022. Sales in the key non-governmental marketplace have returned.

Beam Global: Revenue Soars. The Product Is Heading For Profit

SAN DIEGO, Nov. 17, 2022 (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 General Services Administration (GSA) placed an order for the U.S. Department of Veterans Affairs (VA) to receive 140 Beam EV ARC™ sustainable off-grid charging systems. The systems will be deployed across 34 locations in 12 states including Hawaii. The purchase was made by GSA for VA through GSA Multiple Award Schedule (MAS) Contract Number 47QSWA21D0006 which simplifies the federal procurement process and ensures best pricing.

Beam Global Receives $11.7M Order for the U.S. Department of Veterans Affairs for 140 EV ARC™ Systems*

SAN DIEGO, Nov. 16, 2022 (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 TechFlow Inc. has selected Beam Global's sustainable EV ARC™ electric vehicle charging systems to fulfill its 367-unit award from the U.S. Army Material Command. The EV ARC™ charging systems will be deployed for the U.S. Army Installation Management Command (IMCOM) at 50 locations in 28 states and Puerto Rico. The award was made in support of Executive Order 14057 which calls for 100% zero-emission federal fleet vehicle acquisitions by 2035, including 100% light duty acquisitions by 2027.

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