SAN DIEGO, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation, energy security and smart city infrastructure, announced the deployment of its BeamPatrol™ off-grid eMotorcycle charging bundle for the Sweetwater Police Department at Dolphin Mall in Miami, Florida. As the city’s largest outlet shopping mall and a major hub during the peak holiday season, Dolphin Mall is a strategic lo ...

Core Insights - Beam Global has been selected by Ray Systems Ltd to design and deliver custom battery systems for next-generation underwater drones, highlighting Beam's expertise in energy-dense and safety-certified battery solutions [1][3] - The agreement was signed during Beam Global CEO Desmond Wheatley's trip to Europe and the Middle East, indicating a rising global demand for advanced underwater drone technologies [2][13] - The underwater drone market is projected to grow significantly, from USD 6.6 billion in 2025 to USD 17.3 billion by 2034, driven by demand across various industries [4] Company Overview - Beam Global specializes in sustainable infrastructure solutions for electrification, energy security, and smart city infrastructure, with operations in the U.S., Europe, and the Middle East [7] - Ray Systems Ltd focuses on developing autonomous underwater vehicles for military, industrial, and environmental applications, emphasizing low-signature systems for challenging marine environments [6] Product Differentiation - Beam Global's proprietary intelligent Battery Management System allows for real-time monitoring of battery health and charge, enhancing operational availability and mission durations for underwater drones [3] - The collaboration aims to optimize drone design by providing batteries that meet high standards without the constraints of off-the-shelf solutions [3]

Beam Global-BeamWell-Jordan Deployment 3 Beam Global CEO Desmond Wheatley was on the ground in Jordan for the deployment and met with the U.S. Ambassador to Jordan and senior officials from the Royal JAF to discuss future opportunities for BeamWell™ deployments to support humanitarian needs, rebuilding efforts and broader deployments in the Middle East. Beam Global - BeamWell Jordan Deployment 1 Beam Global CEO Desmond Wheatley was on the ground in Jordan for the deployment and met with the U.S. Amba ...

Beam Global (NASDAQ:BEEM) is one of the best EV charging stocks to buy now. Maxim Group reaffirmed its Buy rating on Beam Global (NASDAQ:BEEM)’s shares on November 18. Beam Global (BEEM) Secures Dallas Order for Seven New EV ARC Units In a separate update, on November 19, Beam Global revealed that the City of Dallas placed an order for seven additional EV ARC sustainable electric vehicle charging systems. This move marks the city’s third deployment of this technology and its fourth overall purchase from ...

Core Insights - Beam Global has received an order from the City of Dallas for seven additional EV ARC™ sustainable electric vehicle charging systems, marking the city's third deployment of this technology and the fourth overall purchase from Beam Global [1][2]. Company Overview - Beam Global is a provider of innovative and sustainable infrastructure solutions focused on the electrification of transportation, energy security, and smart city infrastructure [1][5]. - The company develops and manufactures sustainable infrastructure products and technologies, operating at the intersection of clean energy and transportation [5]. Product Details - The EV ARC™ systems generate and store their own clean electricity, allowing for off-grid EV charging and backup power during emergencies [2]. - These systems can be deployed without the need for construction, electrical work, or utility connections, providing immediate charging solutions [2]. Government Contracts - The purchase by the City of Dallas was facilitated through the U.S. General Services Administration (GSA) Multiple Award Schedule (MAS) Contract, which simplifies the procurement process for government organizations [2][3]. - Beam Global's renewed GSA contract and Sourcewell contract allow government entities to acquire their solutions without lengthy bidding processes, expediting the deployment of charging infrastructure [3]. Environmental Goals - The City of Dallas aims to transition to a fully electric fleet by 2040, with all new light-duty vehicles and transit buses being electric by 2030, as part of its climate action plan targeting carbon neutrality by 2050 [3]. - Beam Global's renewable charging solutions support the city's goal of achieving a zero-emission transportation future [3].

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Group 1 - Beam Global reported a quarterly loss of $0.28 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.25, and a decline from earnings of $0.09 per share a year ago, representing an earnings surprise of -12.00% [1] - The company posted revenues of $5.79 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 35.87%, and a significant drop from year-ago revenues of $11.48 million [2] - Beam Global shares have decreased by approximately 42.9% since the beginning of the year, contrasting with the S&P 500's gain of 14.6% [3] Group 2 - The earnings outlook for Beam Global is uncertain, with current consensus EPS estimates of -$0.23 on revenues of $10.45 million for the coming quarter and -$1.72 on revenues of $32.88 million for the current fiscal year [7] - The Zacks Industry Rank indicates that the Electronics - Miscellaneous Products sector is currently in the top 14% of over 250 Zacks industries, suggesting a favorable environment for stocks in this category [8]

Financial Data and Key Metrics Changes - For Q3 2025, revenues were $5.8 million, down from $40.9 million year-to-date as of September 2024, largely due to order timing [3][4] - Gross profit for Q3 2025 was a negative $28,000, resulting in a 0.5% gross margin loss, compared to an 11% gross margin in Q3 2024 [4][5] - The net loss for Q3 2025 was $4.9 million, compared to a net profit of $1.3 million for the same period in 2024 [7] - Year-to-date net loss as of September 30, 2025, excluding non-cash items, was $7 million, compared to $5.8 million for the same period in 2024 [7] Business Line Data and Key Metrics Changes - Revenues for the nine months ending September 30, 2025, were 67% derived from commercial customers, up from 31% in the same period of 2024 [4] - International customers comprised 39% of all revenues in 2025, compared to 20% in 2024 [4] - The energy storage systems business saw a 21% increase this year, primarily from new customers with challenging requirements [24] Market Data and Key Metrics Changes - Beam Europe contributed about 40% of revenue in Q3 2025, with new product portfolios helping to offset declines in traditional products due to political unrest [34][35] - The company is experiencing significant growth opportunities in the Middle East, particularly in electrification and charging infrastructure [30][56] Company Strategy and Development Direction - The company has established Beam Middle East as a joint venture with the Platinum Group, aiming to leverage local partnerships for growth [10][11] - The strategy includes expanding product portfolios and geographic reach, particularly in Europe and the Middle East, to mitigate reliance on U.S. federal sales [29][41] - The focus is on developing differentiated products that command higher margins rather than competing at the commodity level [24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future revenue growth despite current challenges, attributing recent revenue declines to order timing rather than fundamental issues [33] - The company anticipates a return to appetite for electric vehicles and charging infrastructure in the U.S. as global demand for EVs continues to rise [66] - Management highlighted the importance of maintaining operational efficiencies and reducing costs while expanding into new markets [41] Other Important Information - The company has a contracted backlog of $8 million as of the end of Q3 2025, not including potential future orders from the Middle East [36][38] - Beam Global's products have demonstrated resilience in extreme weather conditions, showcasing their reliability and operational capabilities [28] Q&A Session Summary Question: Inquiry about wireless charging sales efforts - Management indicated that while there has been interest in wireless charging, automotive OEMs have been slow to integrate necessary receivers into vehicles, which is crucial for market adoption [44][45] Question: Clarification on battery business trial periods - Management noted that the timeline for customer orders varies, with some customers eager to move quickly due to the unique advantages of Beam's battery solutions [48][49] Question: Breakdown of backlog and pipeline opportunities - Management confirmed that the backlog is now more diversified, with contributions from battery opportunities and new products, moving away from reliance on federal customers [52][54] Question: Manufacturing capacity and growth - Management stated that current manufacturing capacity is underutilized due to a decline in federal sales, but there is significant capacity for expansion, particularly in Europe [59][63]

Financial Performance - For Q3 2025, the Company's revenues were $5.8 million, a decrease of 50% from $11.5 million in Q3 2024, primarily due to unfavorable order timing[6] - The net loss for Q3 2025 was $4.9 million, compared to a net profit of $1.3 million in Q3 2024, with an adjusted net loss of $2.8 million excluding non-cash items[14] - For the nine months ended September 30, 2025, revenues decreased 53% to $19.2 million compared to $40.9 million in the same period in 2024[8] - Total revenues for Q3 2025 were $5,788,000, a decrease of 49.5% compared to $11,482,000 in Q3 2024[29] - Net loss for Q3 2025 was $(4,870,000), compared to a net income of $1,297,000 in Q3 2024[29] Gross Margin and Operating Expenses - The Company achieved a gross margin of -1% for Q3 2025, compared to 11% in Q3 2024, resulting in a gross loss of $28 thousand[9] - Operating expenses for Q3 2025 were $4.8 million, compared to a credit of $50 thousand in Q3 2024, with adjusted operating expenses excluding non-cash items at $3.6 million, a 30% improvement year-over-year[12] - Gross loss for Q3 2025 was $(28,000), compared to a gross income of $1,231,000 in Q3 2024[29] - Operating expenses for Q3 2025 were $4,844,000, significantly higher than $(51,000) in Q3 2024[29] - Non-GAAP gross profit for Q3 2025 was $739,000, with a non-GAAP gross margin of 13%[32] Assets and Liabilities - Total assets as of September 30, 2025, were $44,601,000, down from $61,459,000 as of December 31, 2024[27] - Total liabilities as of September 30, 2025, were $18,080,000, compared to $20,171,000 as of December 31, 2024[27] - Stockholders' equity decreased to $26,521,000 as of September 30, 2025, from $41,288,000 as of December 31, 2024[27] International Expansion - The Company opened offices in the Middle East and entered the MEA market through a joint venture, deploying products in Abu Dhabi and Jordan[7] - Beam Global's international revenues grew to 39% of total revenues for the first nine months of 2025, compared to 20% for the same period in 2024[8] Goodwill Impairment - The company reported an impairment of goodwill of $10,780,000 for the nine months ended September 30, 2025[29]

Revenue Performance - Revenues for the first nine months of 2025 were $19.2 million, a 53% decrease from $40.9 million in the same period of 2024[116] - For the three months ended September 30, 2025, revenues decreased 50% to $5.8 million compared to $11.5 million in 2024, with non-government commercial entities representing 82% of total revenues[134] - For the nine months ended September 30, 2025, revenues decreased 53% to $19.2 million compared to $40.9 million in 2024, with international customers comprising 39% of revenues[137] Customer Segmentation - International customers accounted for 39% of total revenue as of September 30, 2025, up from 20% in the same period of 2024[116] - Sales to federal, state, and local governments represented 34% of revenues in 2025, down from 70% in 2024[116] - The company recorded $1.1 million in revenues from federal customers for the nine months ended September 30, 2025, compared to $14.9 million in 2024[120] - Revenues derived from non-government commercial entities increased by 2% from 2024 to 2025, accounting for 67% of total revenues in 2025[116] Product Development and Acquisitions - The company expanded its product portfolio in the second half of 2024 to include charging infrastructure for electric bicycles, scooters, and motorcycles[114] - The acquisition of All-Cell enables the company to create bespoke engineered battery solutions, enhancing its product offerings[122] - The Company acquired Amiga (now Beam Europe), expanding its presence into the European, Middle Eastern, and African markets, focusing on EV charging infrastructure due to the EU's mandate for zero-emission vehicles by 2035[123] - Beam acquired Telcom d.o.o. Beograd, enhancing its capabilities in power electronics and telecommunications, which is expected to improve product offerings and reduce costs[124] Financial Performance - The Company reported a gross loss of $28 thousand, a -0.5% gross margin for the three months ended September 30, 2025, compared to a gross profit of $1.2 million, a 10.7% gross margin in 2024[135] - Gross profit for the nine months ended September 30, 2025, was $1.9 million, or 9.9% of sales, compared to $5.1 million, or 12.4% of sales in the same period in 2024[138] - Total operating expenses for the three months ended September 30, 2025, were $4.8 million, compared to a credit of $50 thousand in 2024, primarily due to a non-cash change in fair value of contingent consideration[136] - Total operating expenses for the nine months ended September 30, 2025, were $26.8 million, including a $10.8 million goodwill impairment and $7.7 million increase due to European acquisitions[139] Cash Flow and Liquidity - Cash decreased to $3.3 million as of September 30, 2025, down from $4.6 million at December 31, 2024[143] - Net cash used in operating activities was $6.7 million for the nine months ended September 30, 2025, compared to $3.1 million for the same period in 2024[144] - Cash used in investing activities was $0.4 million for the nine months ended September 30, 2025, significantly lower than $3.7 million in the same period in 2024[146] - Cash provided by financing activities was $6.6 million for the nine months ended September 30, 2025, compared to $1.2 million for the same period in 2024[147] - Current assets decreased to $21.9 million at September 30, 2025, from $27.1 million at December 31, 2024[148] - Working capital decreased to $10.9 million at September 30, 2025, compared to $13.8 million at December 31, 2024[148] Future Outlook - The company expects significant growth in the electric vehicle market globally over the next decade, increasing demand for EV charging infrastructure[121] - The Company expects to see costs of goods sold continue to decrease over time due to lean manufacturing improvements and engineering changes[131] - Beam entered into a joint venture with the Platinum Group in Abu Dhabi to sell and manufacture sustainable infrastructure solutions, targeting a region projected to invest over $1 trillion in renewable energy by 2030[130] Financing Activities - The Company entered into a Supply Chain Line of Credit with OCI Limited for up to $100 million based on approved accounts receivable[152] - The At Market Issuance Sales Agreement with B. Riley Securities, Inc. generated net proceeds of $6.7 million during the nine months ended September 30, 2025[153] Historical Performance - The Company experienced a revenue increase of 144% from 2021 to 2022 and 206% from 2022 to 2023, despite a 27% decrease from 2023 to 2024[149]