Beam Global - BEEM STOCK NEWS

Beam Global (NASDAQ: BEEM) reported its full year 2024 operating results, achieving revenues of $49.3 million, marking a 124% increase over 2022 but a decrease from $67.4 million in 2023. The company demonstrated significant financial improvements with positive gross margins of 15%, up 13 percentage points from 2023, and reduced net cash used in operations to $2.2 million from $13.3 million in 2023.

Notable achievements include a 229% increase in non-government commercial revenues, representing 38% of total revenues. The company maintains a debt-free status with an unused $100 million credit line and $4.6 million cash on hand. Operational highlights include major orders from the U.S. Army ($7.4M) and Department of Homeland Security ($4.8M), the acquisition of Serbia-based Telcom, and the launch of four new products: BeamSpot™, BeamBike™, BeamPatrol™, and BeamWell™.

Beam Global (Nasdaq: BEEM), a provider of sustainable infrastructure solutions for transportation electrification and energy security, has scheduled its 2024 operating results release for April 11, 2025, after market close.

The company will host a conference call at 4:30 p.m. ET/1:30 p.m. PT on the same day, featuring management's formal remarks followed by a Q&A session. Participants can join via toll-free (1-844-739-3880) or international (1-412-317-5716) dial-in numbers, with pre-registration available through a provided link. A webcast archive will be accessible on BeamForAll.com after the call.

Beam Global (NASDAQ: BEEM) has announced a strategic partnership with Solvana, a Greentech subsidiary, to expand its presence in the Middle East and North Africa (MENA) region. The partnership focuses on delivering sustainable infrastructure solutions for transportation electrification and energy security.

The companies are collaborating to deliver their first BeamWell™ products to Jordan for humanitarian assistance in Gaza. BeamWell™ provides solar-powered electricity for cooking and refrigeration, includes a desalination plant for clean drinking water, and comes with four Benzina Zero Duo electric mopeds for supply delivery.

The MENA region is projected to attract $1 trillion in renewable energy investments by 2030, with its EV sector expected to reach $52.24 billion by 2030, growing at a CAGR of 39.7% from 2025-2030. Solvana, led by former Jordan Minister Dr. Wissam Rabadi and Greentech CEO Dr. Basim Saleh, will target markets including Saudi Arabia, Egypt, and Algeria.

Beam Global (NASDAQ: BEEM) and Zero Motorcycles have announced a joint demonstration of their sustainable product bundles at upcoming events. The companies will showcase the BeamPatrol™ and Zero Motorcycles DSR/X and FX models at MotoGP in Austin, Texas (March 27, 2025) and TEVCON in San Diego (April 2-4, 2025).

The demonstration will feature a product bundle including four Zero Motorcycles DSR/X with law enforcement livery, highlighting the combination of high-performance electric motorcycles with zero-construction, zero-utility-bill charging infrastructure. The partnership aims to deliver sustainable transportation solutions for military, law enforcement, first responders, and civilian motorcycle enthusiasts.

Beam Global (NASDAQ: BEEM) has reported record-breaking growth in energy storage solutions (ESS) sales for early 2025. The company's contracted ESS orders in the first two months of 2025 have surged to nearly triple the volume compared to Q1 2024, marking a 200% increase.

The growth is attributed to increasing industry adoption of Beam's ESS technology, featuring bespoke designs, enhanced safety features, and smart battery management systems (BMS). The company's AllCell™ energy storage solutions utilize patented PCC™ technology, offering increased power capacity in a more compact and lighter battery format, while providing superior thermal management capabilities.

CEO Desmond Wheatley noted that while battery sales represent a modest portion of revenue compared to other products, the significant order growth demonstrates the success of their diversification strategy, particularly amid EV charging market uncertainties.

Beam Global (BEEM) reported record sales performance in its European division for the first two months of 2025, achieving a 79% increase in new contracted orders compared to the same period in 2024. The growth is primarily driven by strong demand for street lighting and infrastructure products.

The company is actively expanding its European presence through aggressive sales strategies, with CEO Desmond Wheatley and the European sales team engaging with various stakeholders across the UK, France, Croatia, Serbia, Montenegro, North Macedonia, and Greece. The European market, with over 405 million cars, represents significant growth potential, particularly given the EU's 2035 ban on internal combustion vehicle sales and mandate to reduce greenhouse gas emissions by 55% by 2030.

While U.S. government EV adoption faces uncertainty under the new administration, EV sales showed positive trends, increasing by 30% in the U.S. and 34% in Europe in January 2025 compared to 2024.

Beam Global (NASDAQ: BEEM) announced the expansion of its European sales network through three new distribution partnerships. The company has signed agreements with Seltis Glass Design S.R.L. for Romania, Evrosimovski Consulting for North Macedonia, and BBA International for Albania.

The expansion leverages existing relationships through Beam Europe operations, allowing the company to increase its market reach without additional operating costs. This strategic move aims to capitalize on the European automotive market, where EU targets mandate 80% electric vehicle sales by 2030 and 100% by 2035. The EU electric vehicle charging station market, valued at $10.8 billion in 2024, is projected to grow at a CAGR of 29.3% from 2025 to 2034.

Beam Global (Nasdaq: BEEM) has secured a new U.S. Patent (No. US 12,191,469 B2) for its Phase Change Composite (PCC™) spacer product designed for Li-ion battery thermal management. The technology introduces an innovative manufacturing process that prevents thermal runaway propagation in Li-ion battery packs.

The PCC™ spacer technology offers key advantages including automated high-volume battery assembly capabilities and provides a passive thermal management solution for Li-ion batteries operating in extreme conditions. The technology is particularly suitable for applications in drones, robots, submersibles, and mobility solutions, offering thermal management, battery safety, and energy density benefits.

This patent strengthens Beam Global's competitive position by creating barriers to entry while delivering value to customers in an expanding battery applications market. The technology is designed to integrate directly into automated assembly lines for high-volume battery manufacturing.

Beam Global (Nasdaq: BEEM), a leader in sustainable infrastructure solutions for transportation electrification and energy security, has announced its participation in the 2025 Sequire Investor Summit in San Juan, Puerto Rico. CEO Desmond Wheatley will deliver a group presentation on January 22, 2025, from 15:00 to 15:30 AST at the Condado Vanderbilt Hotel.

The event will provide opportunities for one-on-one meetings with registered conference attendees. Interested parties can register for the conference and request meetings through the provided link or by contacting Luke Higgins at Beam Global.