Core Insights - The Biden administration is intensifying efforts to establish a clean energy legacy, announcing $635 million in grants for electric vehicle (EV) chargers, leaving only $700,000 of the $2.5 billion allocated under the 2021 Bipartisan Infrastructure Law [1][2] - The grants will support 49 projects across 27 states, aiming to deploy over 11,500 EV charging ports and alternative fuel infrastructure [2] - The long-term demand for EV charging stations is projected to remain strong, with the global EV charging market expected to grow from $22.45 billion in 2024 to $257.03 billion by 2032, reflecting a compound annual growth rate of 35.6% [6] Industry Overview - The U.S. currently has nearly 70,000 public EV charging stations and over 197,000 charging ports, with a target to build 500,000 publicly available EV chargers by 2030 [4] - The potential return of Donald Trump to office could disrupt current EV initiatives due to his unfavorable stance on EVs [5] Company Highlights - **Tesla (TSLA)**: Holds a significant position in the EV sector with over 60,000 Supercharger stations globally. The company is expected to see year-over-year growth of 17.4% in sales and 33% in EPS by 2025 [8][9] - **Blink Charging (BLNK)**: Manages over 90,000 chargers globally and has made strategic acquisitions to expand its footprint. The company is projected to achieve year-over-year growth of 28% in sales and 65% in EPS by 2025 [10][11] - **EVgo (EVGO)**: Operates over 1,000 fast-charging stations and has seen revenue growth from $22 million in 2021 to $161 million in 2023. The company is expected to grow sales by 44% and EPS by 7% by 2025 [12][13] - **Beam Global (BEEM)**: Focuses on sustainable products for EV charging and has launched innovative products to enhance its market position. The company is projected to achieve year-over-year growth of 33% in sales and 30.5% in EPS by 2025 [14][15]

Core Insights - Beam Global has received the CE mark for its EV ARC™, BeamBike™, BeamWell™, and BeamPatrol™ products, allowing them to be sold freely within the European Economic Area (EEA) [1][2][3] - The CE mark signifies compliance with EU health, safety, and environmental protection requirements, enhancing the manufacturer's reputation and consumer trust [2][3] - The CEO of Beam Global emphasized that the CE mark will streamline the selling process and broaden market appeal, particularly in Europe, which is the largest automotive market with over 400 million vehicles [3] Company Overview - Beam Global is a clean technology innovator focused on sustainable infrastructure products and technologies, operating in the nexus of clean energy and transportation [4] - The company develops and manufactures scalable EV charging solutions, safe energy storage, and energy security products, with operations in the U.S. and Europe [4] - Beam Global is headquartered in San Diego, CA, with additional facilities in Chicago, IL, and Serbia, and is listed on Nasdaq under the symbol BEEM [4] Market Context - The EU has mandated that all new cars and vans sold in Europe must be zero-emission by 2035, with a target to reduce net greenhouse gas emissions by at least 55% by 2030 [3] - Beam Global expanded its operations into Europe in Q4 of 2023, positioning its renewably-energized product portfolio as ideal solutions for Europe's electrification mandates [3]

Core Insights - Beam Global, a leader in sustainable infrastructure solutions for electrification and energy security, announced participation in two upcoming investment conferences [1] - CEO Desmond Wheatley will engage in one-on-one meetings with investors at the Needham Growth Conference on January 14, 2025, in New York City [2] - Wheatley will also lead a group presentation and hold one-on-one meetings at the Sequire Investment Summit on January 22, 2025, in Puerto Rico [3] Company Overview - Beam Global specializes in clean technology, focusing on sustainable energy infrastructure, scalable EV charging solutions, and energy security [4] - The company operates in the U.S. and Europe, with headquarters in San Diego, CA, and additional facilities in Chicago, IL, and Serbia [4] - Beam Global is publicly traded on Nasdaq under the symbol BEEM [4]

Beam Global (NASDAQ:BEEM) Q3 2024 Results Conference Call November 15, 2024 4:30 PM ET Company Participants Lisa Potok - Chief Financial Officer Desmond Wheatley - Chairman, President, Chief Executive Officer Conference Call Participants Tate Sullivan - Maxim Group Noel Parks - Tuohy Brothers Operator Hello, and welcome to the Beam Global Third Quarter 2024 Operating Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] As a reminder, this conference is being recorde ...

Exhibit 99.1 Beam Global Announces Third Quarter 2024 Operating Results Conference Call Friday, November 15, 2024 at 4:30 p.m. ET SAN DIEGO, CA – November 14, 2024 – Beam Global, (Nasdaq: BEEM), (the "Company"), the leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced its third quarter results for the period ended September 30, 2024. Q3 2024 Financial Highlights: · Gross Margin was 10.7% of sales, our highest Q ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to ________________ Commission File Number 001-38868 Beam Global (Exact name of Registrant as specified in its charter) Nevada 26-1342810 ( ...

Beam Global (NASDAQ:BEEM) Q2 2024 Earnings Conference Call August 13, 2024 4:30 PM ET Company Participants Desmond Wheatley - Chairman, President, Chief Executive Officer Lisa Potok - Chief Financial Officer Conference Call Participants Sameer Joshi - HC Wainwright Andrew Brennan - ROTH Capital Noel Parks - Tuohy Brothers Tate Sullivan - Maxim Group Operator Good day, and welcome to the Beam Global Second Quarter 2024 Operating Results Conference Call. All participants will be in a listen-only mode. [Opera ...

Group 1 - Beam Global reported a quarterly loss of $0.14 per share, better than the Zacks Consensus Estimate of a loss of $0.20, and an improvement from a loss of $0.32 per share a year ago, representing a 30% earnings surprise [1] - The company posted revenues of $14.81 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 9.13%, and down from $17.82 million year-over-year [2] - Beam Global shares have declined approximately 23% since the beginning of the year, contrasting with the S&P 500's gain of 12.1% [3] Group 2 - The earnings outlook for Beam Global is currently unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The current consensus EPS estimate for the upcoming quarter is -$0.15 on revenues of $19.66 million, and for the current fiscal year, it is -$0.67 on revenues of $69.68 million [7] - The Automotive - Original Equipment industry, to which Beam Global belongs, is currently ranked in the bottom 22% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]

[Q2 2024 Highlights](index=1&type=section&id=Q2%202024%20Highlights) Beam Global achieved record gross margin and revenue growth in Q2 2024, driven by strong purchase orders and a record sales pipeline, while remaining debt-free Q2 2024 Financial Highlights | Metric | Value ($) | Note | | :--- | :--- | :--- | | Revenue | $14.8 million | +2% over Q1 2024 | | Gross Margin | 16% | Record high, +6 percentage points over Q1 2024 | | Commercial Customer Revenue | 31% | Percentage of total revenue | | Backlog | $11 million | - | | Pipeline | >$183 million | Record high | | Net Cash Used (Operating) | $0.1 million | For the six months ended Q2 2024 | | Debt | $0 | Debt-free with $100M credit line available | - Operational momentum continued with Q2 purchase orders up **129% year-over-year**, and over half of U.S. orders coming from new customers[2](index=2&type=chunk) - The company is expanding its sales channels by signing its first European distributor for EV charging and energy infrastructure products[2](index=2&type=chunk) [CEO Commentary](index=1&type=section&id=CEO%20Commentary) CEO commentary emphasizes margin improvement, cash flow progress, and strategic expansion through Beam Europe and new product development - The primary focus is on improving margins and achieving positive cash flow, with progress demonstrated by a record **18% gross margin**, net of non-cash items[2](index=2&type=chunk) - Strategic initiatives to diversify revenue include geographic expansion (Beam Europe), recruiting external sales partners, and launching a new product in 2024[2](index=2&type=chunk) - A significant milestone was achieved in Europe with Beam Europe winning the UK's GSA-equivalent contract, leading to a **million-dollar EV ARC™ contract** from the British Army[2](index=2&type=chunk) [Second Quarter 2024 Financial Summary](index=1&type=section&id=Second%20Quarter%202024%20Financial%20Summary) Q2 2024 saw $14.8 million in revenue and a record 16% gross margin, despite increased operating expenses leading to a $4.9 million net loss, with cash improving to $8.7 million [Revenues](index=1&type=section&id=Revenues) Q2 2024 revenue reached $14.8 million, a 2% sequential increase, with commercial customers contributing 31% of the total Revenue Performance | Period | Revenue ($ million) | Note | | :--- | :--- | :--- | | Q2 2024 | $14.8 | +2% vs Q1 2024 | | H1 2024 | $29.4 | - | [Gross Profit](index=1&type=section&id=Gross%20Profit) Q2 2024 gross profit was $2.4 million, achieving a record 16% gross margin, or 18% excluding non-cash items, driven by cost reductions and efficiencies Gross Profit Analysis (Q2 2024) | Metric | Value ($ million) | Note | | :--- | :--- | :--- | | Gross Profit | $2.4 | - | | Gross Margin | 16% | +6 percentage points vs Q1 2024 | | Gross Profit (Net of non-cash items) | $2.7 | - | | Gross Margin (Net of non-cash items) | 18% | - | - Margin improvement drivers include engineering design changes reducing bill of materials, labor efficiencies, lower material costs, and operational improvements from the Amiga acquisition[5](index=5&type=chunk) [Operating Expenses](index=1&type=section&id=Operating%20Expenses) Q2 2024 operating expenses increased significantly to $7.1 million, primarily due to a $1.8 million non-cash charge from the Amiga acquisition Operating Expenses Comparison | Period | Operating Expenses ($ million) | Change (QoQ) ($ million) | | :--- | :--- | :--- | | Q2 2024 | $7.1 | +$2.6 | | Q1 2024 | $4.5 | - | - The increase in operating expenses is mainly attributable to a **$1.8 million non-cash expense** for contingent consideration (Amiga acquisition), **$0.3 million** for Beam Europe operations, and **$0.6 million** in commission expenses[5](index=5&type=chunk) [Net Loss](index=2&type=section&id=Net%20Loss) Q2 2024 GAAP net loss was $4.9 million ($0.34 per share), with a non-GAAP net loss of $2.1 million ($0.14 per share) after adjusting for non-cash expenses Net Loss Summary (Q2 2024) | Metric | Value ($ million) | Per Share ($) | | :--- | :--- | :--- | | GAAP Net Loss | $4.9 | $0.34 | | Non-Cash Expenses | $2.8 | - | | Non-GAAP Net Loss | $2.1 | $0.14 | [Cash and Working Capital](index=2&type=section&id=Cash%20and%20Working%20Capital) Cash increased to $8.7 million by Q2 2024 due to improved collections, with minimal net cash used in operations for the first half, and working capital at $16.0 million Cash Position | Date | Cash Balance ($ million) | | :--- | :--- | | End of Q2 2024 | $8.7 | | End of Q1 2024 | $5.0 | | End of Q4 2023 | $10.4 | - Working Capital was **$16.0 million** at the end of Q2 2024. The decrease from Q4 2023 was mainly due to a non-cash reclassification of contingent consideration for the Amiga acquisition to current liabilities[9](index=9&type=chunk) [Financial Statements](index=4&type=section&id=Financial%20Statements) This section presents the unaudited condensed consolidated financial statements, including the Balance Sheet, Statement of Operations, and GAAP to Non-GAAP net loss reconciliation [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2024, total assets were $71.9 million, total liabilities $28.5 million, and stockholders' equity $43.4 million, with $8.7 million in cash Balance Sheet Summary (in thousands) | Account | June 30, 2024 (thousands $) | Dec 31, 2023 (thousands $) | | :--- | :--- | :--- | | **Total Assets** | **$71,914** | **$77,643** | | Cash | $8,749 | $10,393 | | Total current assets | $36,274 | $40,722 | | **Total Liabilities** | **$28,517** | **$28,101** | | Total current liabilities | $20,231 | $16,874 | | **Total Stockholders' Equity** | **$43,397** | **$49,542** | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 2024 revenue was $14.8 million, with gross profit improving to $2.4 million, resulting in a net loss of $4.9 million ($0.34 per share) Statement of Operations Summary (in thousands, except per share data) | Metric | Q2 2024 (thousands $) | Q2 2023 (thousands $) | | :--- | :--- | :--- | | Revenues | $14,812 | $17,819 | | Gross Profit | $2,356 | $501 | | Loss from Operations | $(4,791) | $(3,541) | | Net Loss | $(4,916) | $(3,530) | | Net Loss Per Share | $(0.34) | $(0.32) | [Reconciliation of Net Loss to Non-GAAP Net Loss](index=6&type=section&id=Reconciliation%20of%20Net%20Loss%20to%20Non-GAAP%20Net%20Loss) This reconciliation adjusts the Q2 2024 GAAP net loss of $4.9 million for $2.8 million in non-cash items, yielding a Non-GAAP net loss of $2.1 million ($0.14 per share) Non-GAAP Reconciliation (Q2 2024, in thousands) | Metric | Value (thousands $) | | :--- | :--- | | GAAP Net Loss | $4,916 | | Non-cash adjustments | $(2,837) | | *Fair value of contingent consideration* | *$(1,679)* | | *Non-cash compensation* | *$(752)* | | **Non-GAAP Net Loss** | **$2,079** |

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to ________________ Commission File Number 001-38868 Beam Global (Exact name of Registrant as specified in its charter) Nevada 26-1342810 (State ...