Beam Global Stock Price, News & Analysis

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.

Beam Global (BEEM) announced that its product line, including EV ARC™, BeamBike™, BeamWell™, and BeamPatrol™, has achieved CE mark compliance. This certification confirms these products meet European Union health, safety, and environmental protection requirements, enabling unrestricted trade within the European Economic Area (EEA).

The CE mark certification streamlines the selling process across the EU, Iceland, Liechtenstein, and Norway, eliminating the need for country-specific adaptations. This development is particularly significant as Greater Europe represents the largest automotive market globally, with over 400 million automobiles. The timing aligns with the EU's mandate for all new cars and vans to be zero-emission by 2035, targeting a 55% reduction in greenhouse gas emissions by 2030.

Beam Global initiated its European operations in Q4 2023, positioning its renewable energy-powered EV charging and energy security solutions to support Europe's electrification mandates.

Beam Global (Nasdaq: BEEM) has announced its participation in two major investor conferences in January 2025. CEO Desmond Wheatley will attend the 27th Annual Needham Growth Conference in New York City on January 14, 2025, where he will be available for one-on-one meetings with registered investors from 8 a.m. to 5 p.m. ET at the Lotte New York Palace Hotel.

Additionally, Mr. Wheatley will participate in the Sequire Investment Summit in Puerto Rico on January 22, 2025, at the Condado Vanderbilt. At this event, he will deliver a group presentation and be available for one-on-one meetings. The webcast link for the presentation will be provided on Beam Global's IR website.

Beam Global (NASDAQ: BEEM) has announced a strategic partnership with Benzina Zero, a provider of electric mopeds and scooters. The partnership includes product integration and new sales channels expansion. Key aspects include:

- Integration of Benzina Zero's e-mopeds into Beam's BeamWell™ desalination platform for crisis zones
- Mutual distribution agreement allowing both companies to feature each other's products globally
- Benzina Zero will market Beam Global's products in Australia and Italy
- Beam Global will bundle Benzina Zero's e-mobility solutions with BeamBike™ and BeamWell™ products

The partnership targets growing markets in Africa and the Middle East, leveraging Benzina Zero's existing presence with customers like Domino's Pizza and Australia Post Contractors.

Beam Global (Nasdaq: BEEM) announced that its EV ARC™ off-grid charging infrastructure platform has achieved Build America, Buy America (BABA) Act compliance under the manufactured products designation. This certification confirms that EV ARC™, BeamBike™, and BeamPatrol™ product lines are manufactured in the United States using U.S.-sourced materials.

The BABA-compliant status strengthens Beam Global's position with government customers, including the U.S. Army, Marine Corps, FDA, and Department of Homeland Security. The EV ARC™ platform is a patented, solar-powered charging solution that requires no construction, electrical work, or utility connections. The company recently reported that its EV ARC™ products remained operational during Hurricane Helene in Florida, withstanding eight feet of storm surge.

Beam Global reported Q3 2024 results with revenues of $11.5M, representing a 22% decrease from Q2 2024. The company achieved its highest Q3 gross margin ever at 10.7%, a 9 percentage point increase over Q3 2023. Commercial customers contributed 47.9% of revenue, an 80% increase from Q3 2023. The company maintains a record pipeline of over $200M and a backlog of $7M. Notable operational highlights include the acquisition of Telcom for in-house power electronics production, launch of four new products, and expansion into European markets. The company remains debt-free with an unused $100M credit line and $4.9M cash on hand.

Beam Global (Nasdaq: BEEM) announced it will release its Q3 2024 financial results on November 15, 2024, after market close. The company will host a conference call at 4:30 p.m. ET the same day to discuss the results and provide corporate development updates. The call will include management remarks followed by a Q&A session. Participants can join via toll-free number 1-844-739-3880 or international number 1-412-317-5716, with pre-registration available through a provided link. A webcast archive will be accessible for one year following the call.

Beam Global (BEEM) has announced its first sponsorship deal with Globos Osiguranje to deploy five EV ARC™ solar-powered charging stations at Belgrade Nikola Tesla Airport. This three-way partnership, including VINCI Airports, marks Beam's entry into an owner-operator business model, generating recurring revenue through long-term sponsorship payments. The charging stations, located in the P1 Prime car park nearest to the terminal, provide free public EV charging without utility costs or construction requirements. This model enables Beam to secure favorable economic terms on parking spaces while maintaining ownership of the systems, creating a sustainable revenue stream without typical operating costs.