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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Beam Global (BEEM) CEO Desmond Wheatley on Q4 2021 Results - Earnings Call Transcript

Conference Call Today at 4:30 p.m. ET Conference Call Today at 4:30 p.m. ET

Beam Global Reports Fiscal Year 2021 Financial Results

SAN DIEGO, March 25, 2022 (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 today that Beam Global CEO Desmond Wheatley has been invited to present at the 2022 Virtual Growth Conference, presented by Maxim Group LLC and hosted by M-Vest, on March 28th - 30th, 9:00 a.m. - 5:00 p.m. EDT.

Beam Global to Participate in the 2022 Virtual Growth Conference Presented by Maxim Group LLC and hosted by M-Vest on March 28th – 30th from 9:00 a.m. - 5:00 p.m.

SAN DIEGO, March 23, 2022 (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 2021 financial results on Wednesday, March 30, 2022 after market close. Management will host a conference call 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 Year 2021 Financial Results Conference Call for March 30, 2022 at 4:30 p.m. ET

SAN DIEGO, March 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, today announced that the City of Costa Mesa in Orange County California has deployed an EV ARC™ solar-powered EV charging system to charge the Senior Center electric shuttle bus and other City fleet electric vehicles. The system was purchased through the California Department of General Services (DGS) Contract #1-18-61-16, which serves to simplify the government procurement process and make chosen solutions available statewide at the best negotiated pricing. The City of Costa Mesa's EV ARC™ charging system fits in a standard parking space and is equipped with a dual port ClipperCreek brand charger capable of charging two vehicles simultaneously. The solar-powered EV ARC™ system generates and stores its own clean electricity and delivers that electricity to power City EVs day or night, and during inclement weather and power outages. Off grid, flood proof to 9.5 feet and wind-rated to 125 mph, the product adds to the City's energy resiliency and disaster preparedness. The charging system is transportable and can be relocated as City charging patterns emerge and change. “The City of Costa Mesa continues to make excellent progress in our sustainability initiatives,” said Salem Afeworki, Energy and Sustainability Services Manager at the City of San Diego. “The EV ARC solar EV charging station deployed at the Senior Center provides clean energy to our electric shuttle bus for a zero emissions transportation option.” The EV ARC system was deployed at the City of Costa Mesa's Senior Center (view video). Requiring no connection to the utility grid, Beam Global products eliminate disruptive construction projects, costly electric circuit upgrades and utility charges to deliver significant long-term savings to city budgets. “The City of Costa Mesa is demonstrating that EV ARC systems aren't just good for sedans but can fuel transit as well,” said Beam Global CEO Desmond Wheatley. “With the lower total cost of ownership of electric vehicles now a broadly accepted fact, fleet electrification is being prioritized by federal, state and local governments as well as a growing number of commercial and enterprise operators. Skyrocketing gas prices due to current geo-political developments are only increasing the urgency. The EV ARC is powered 100% by the sun with no grid connection to achieve zero emissions transportation.” California Governor Gavin Newsom's commitments to fast-track progress toward environmental goals includes $2 billion over four years in dedicated funding to zero-emission infrastructure, vehicles and equipment. This proposal follows the September 2020 mandate banning the sale of new gasoline and diesel vehicles in the state by 2035. The need for more sustainable EV charging infrastructure is also gaining traction at the national level, with President Biden announcing $7.5 billion for EV charging infrastructure. About Beam Global Beam Global is a clean technology leader providing innovative, sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media. 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.

Beam Global Deploys EV ARC™ Sustainable EV Charging for City of Costa Mesa CA

SOUTHFIELD, Mich., March 10, 2022 /PRNewswire/ --  DENSO , a leading mobility supplier, has deployed five EV ARC™ solar-powered charging systems from Beam Global (Nasdaq: BEEM, BEEMW), a leading clean technology provider, at its Maryville, Tennessee, location.

DENSO Deploys Beam Global Sustainable Electric Vehicle Charging Systems at Tennessee Location, Supports Company's Green Focus

Beam Global (BEEM) closed at $16.99 in the latest trading session, marking a +1.98% move from the prior day.

Beam Global (BEEM) Gains But Lags Market: What You Should Know

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.

Beam Global (BEEM) Surges 13.7%: Is This an Indication of Further Gains?

SAN DIEGO, March 04, 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, today announced that it has successfully closed the all-stock transaction to acquire AllCell Technologies, a leader in energy storage solutions and technologies, announced last week. A recorded video interview with Beam CEO, Desmond Wheatley, discussing the deal is currently live on the Beam blog.

Beam Global Closes Strategic Acquisition of AllCell Technologies, a Leader in Energy Storage Solutions

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Strategic acquisition increases and diversifies Beam's revenue, gross profitability, manufacturing capabilities, intellectual property portfolio and customer base Strategic acquisition increases and diversifies Beam's revenue, gross profitability, manufacturing capabilities, intellectual property portfolio and customer base

Beam Global Announces Strategic Acquisition of AllCell Technologies, a Leader in Energy Storage Solutions

SAN DIEGO, Feb. 17, 2022 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, today announced that the City of Los Angeles StreetsLA Division held an event demonstrating its new plug-in hybrid street sweepers and EV ARC™ sustainable EV charging systems at the StreetsLA North Hollywood Depot. A ribbon cutting ceremony was held February 15, 2022 to inaugurate the City's Center for Green Innovation. Beam CEO Desmond Wheatley was present alongside Mayor Garcetti, Congressman Cardenas and City officials where the EV ARC™ powered the new plug-in hybrid street sweepers.

UPDATE - City of Los Angeles StreetsLA Division Previews EV ARC™ Charging New Plug-In Hybrid Street Sweepers

City of Los Angeles StreetsLA Division Previews EV ARC™ Charging New Plug-In Hybrid Street Sweepers

SAN DIEGO, Feb. 01, 2022 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, today announced that 2021 EV ARC™ system shipments increased 62% over the prior year and that the Company started the new year, 2022, with higher combined backlog and pipeline than in any previous year in its history. Beam experienced unprecedented growth and success on multiple fronts in 2021 and established strong momentum for 2022 as EV charging infrastructure spending from both government and corporate entities is set to increase and EVs of all types become increasingly numerous on the nation's roadways. Ahead of earnings that will be announced later this quarter, among the company's accomplishments in 2021:

Beam Global Announces Record Deliveries in 2021 and Record Combined Starting Backlog and Pipeline for 2022 Growth Momentum

SAN DIEGO, Jan. 11, 2022 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, announced that a leading national passenger railway company has ordered the EV ARC™ solar-powered EV charging system to charge fleet electric vehicles at its headquarters.

Beam Global Receives Order from National Passenger Railroad Leader

SAN DIEGO, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, announced that the County of San Luis Obispo in California has deployed the EV ARC™ solar-powered EV charging system to charge County fleet EVs. The system was purchased through the California Contract #1-18-61-16 which simplifies the procurement process and ensures best pricing.

County of San Luis Obispo CA Deploys Beam Global EV ARC™ Off-Grid EV Charging System for County Fleet Electrification Initiative

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Bull of the Day: Beam Global (BEEM)

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SAN DIEGO, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, announced that Eastern West Virginia Regional Airport deployed the airport's first EV ARC™ solar-powered EV charging system to charge airport EVs, and the EVs of employees, staff, travelers and visitors. The system was funded through the U.S. Department of Energy in the Mid-Atlantic Electrification Partnership to support regional expansion of EV charging infrastructure.

Eastern West Virginia Regional Airport Deploys EV ARC™ Solar-Powered EV Charging System

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DENVER , Dec. 13, 2021 /PRNewswire/ - CIBC today announced that the CIBC Atlas Clean Energy Index (NYSE: NACEX) rebalance following the close of business on December 17, 2021 will result in the subsequent changes: Constituents to be added: EVgo, Inc. (Ticker: EVGO) Microvast Holdings, Inc. (Ticker: MVST) Proterra, Inc. (Ticker: PTRA) Li-Cycle Holdings Corp. (Ticker: LICY) Hyzon Motors Inc. (Ticker: HYZN) Volta, Inc. (Ticker: VLTA) Constituents to be removed: Beam Global (Ticker: BEEM) Constituent additions to and deletions from the Index do not reflect an opinion by CIBC US Private Wealth Management on the investment merits of the respective securities. For further information, please contact CIBC US Private Wealth Management at 720.221.5000.

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The average of price targets set by Wall Street analysts indicates a potential upside of 42.6% in Beam Global (BEEM). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

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