Welcome to our dedicated page for Beam Global news (Ticker: BEEM), a resource for investors and traders seeking the latest updates and insights on Beam Global stock.
Beam Global (Nasdaq: BEEM) generates frequent news as a clean technology company focused on EV charging infrastructure, energy storage, energy security and smart city infrastructure. The company develops, patents, designs, engineers and manufactures sustainable infrastructure products such as its EV ARC™ off-grid EV charging systems, BeamWell™ desalination and energy platforms, BeamPatrol™ eMotorcycle charging bundles, BeamBike™ e-bike infrastructure and BeamSpot™ hybrid solar-wind systems.
News about Beam Global often covers product deployments and orders with cities, public agencies, military organizations and commercial customers. Examples include EV ARC™ systems for municipal fleet electrification in Fresno and Dallas, BeamPatrol™ deployments for law enforcement, BeamWell™ installations supporting humanitarian and medical operations in the Middle East, and BeamBike™ deployments for e-bike mobility in the United States and Abu Dhabi.
Investors and observers can also find financial and operational updates, such as quarterly operating results, revenue mix between government and commercial customers, and the company’s expanding international footprint in Europe and the Middle East. Announcements frequently highlight new contracts and procurement channels, including General Services Administration (GSA) and Sourcewell cooperative purchasing agreements that facilitate government and institutional purchases of Beam Global products.
Another recurring theme in Beam Global news is technology and patent developments, including new patents for hybrid solar-wind tracking used in BeamSpot™ and collaborations on advanced battery systems for underwater drones. For those tracking BEEM, this news page aggregates coverage of deployments, earnings releases, contract awards, geographic expansion and intellectual property milestones, providing a focused view of how the company’s clean energy and infrastructure solutions are being adopted in different markets.
Beam Global (Nasdaq: BEEM, BEEMW) is set to report its Fiscal First Quarter 2021 financial results on May 13, 2021, after market close. Management will host a conference call at 4:30 p.m. ET to discuss the results and corporate developments. The company specializes in sustainable technology for electric vehicle (EV) charging and outdoor media, including products like the EV ARC™ and Solar Tree®. Beam Global aims to provide innovative, grid-independent solutions that contribute to environmental sustainability.
Beam Global announced the deployment of two EV ARC™ solar-powered charging systems by the City of San Diego to support its fleet of electric vehicles. This initiative aligns with San Diego's Climate Action Plan aiming for 90% zero-emission vehicles by 2035. The EV ARC systems offer scalable and resilient infrastructure, powered entirely by renewable energy, cutting installation costs and time. Mayor Todd Gloria emphasized the program's role in reducing emissions and saving taxpayer dollars. The partnership enhances the city's commitment to sustainable transportation.
Beam Global has appointed Nancy Floyd to its Board of Directors, where she will serve as Chair of the Audit Committee. Floyd, a seasoned expert in clean energy and utilities, brings over 30 years of experience, including her role as founder of Nth Power LLC. Her extensive background in venture capital and corporate governance is expected to bolster Beam's growth strategy. The company specializes in innovative sustainable technologies for electric vehicle (EV) charging, enhancing energy security without the drawbacks of grid-tied solutions.
Beam Global has deployed two EV ARC™ sustainable EV charging systems in Georgia, enhancing public access to electric vehicle charging. These units serve high-traffic areas in metropolitan Atlanta and rural regions. CEO Desmond Wheatley emphasized the role of solar-powered systems in overcoming permitting and construction hurdles, contributing to energy resilience strategies. An analyst report reveals that 90% of utility executives acknowledge challenges posed by climate change, highlighting the increasing importance of energy resilience planning.
Beam Global (Nasdaq: BEEM, BEEMW) reported record fiscal year 2020 revenues of $6.2 million, up from $5.1 million in 2019, driven by significant shipments to California. The company expanded its government contracts, including with federal and state agencies in Florida. However, Beam faced a net loss of $5.2 million due to increased operating expenses and gross loss of $710,974. Cash reserves rose significantly to $26.7 million, bolstered by $17.4 million from public offerings. Beam also improved its EV ARC charging system efficiency by 12%, now delivering up to 265 e-miles daily.