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 ...

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]

Beam Global Conference Call Summary Company Overview - Beam Global is a San Diego-based sustainable technology innovation company focused on designing, engineering, and manufacturing various products related to renewable energy and electric vehicle (EV) infrastructure [2][3] Expansion and Partnerships - Beam Global has expanded into Europe with facilities in Belgrade and Kraljevo, Serbia, and recently established a joint venture, Beam Middle East LLC, with Platinum Group UAE, which is a 50/50 partnership [3][40] - The Middle East is seen as a significant market due to a commitment to invest over $1 trillion in sustainable infrastructure over the next decade [4] Product Offerings - The flagship product, EV ARC (Electric Vehicle Autonomous Renewable Charger), allows for rapid deployment of EV charging infrastructure without the need for construction or electrical work [5][6] - Other products include: - **Beam Bike**: Infrastructure for charging electric bicycles, developed for New York City [10][11] - **BeamWell**: A mobile desalination and electricity generation unit designed for areas with limited access to clean water [12][13] - **BeamPatrol**: Electric motorcycles for law enforcement, providing a maintenance-free and quiet operation [14][15] - **Beam Flight**: A drone recharging product, emphasizing rapid deployment and scalability [27] Market Position and Competition - Beam Global claims to have no direct product competition, as their offerings are unique and not directly replicated by competitors [29][42] - The company competes with an ecosystem of contractors and service providers, which customers prefer to avoid due to the complexities involved in traditional installations [42] Financial Performance - Historically, 50%-70% of revenues came from federal government customers, but this has shifted due to current political climates [21][22] - The company is seeing growth in commercial and municipal sales, which are expected to replace lost federal revenues [22] - Beam Global has maintained improving gross profits despite revenue fluctuations, indicating strong operational discipline [22][23] Financial Health - The company has no debt and a clean balance sheet, with a $100 million line of credit priced at SOFR plus 300 basis points [24] - A low number of shares outstanding compared to peers enhances the potential for earnings per share (EPS) growth [25] Future Revenue Models - Beam Global is introducing recurring revenue models, including a sponsorship model for EV charging infrastructure, which allows for free charging while retaining ownership of the infrastructure [34][35] - The company plans to offer products as a service, bundling energy, disaster preparedness, and charging solutions [35][36] Product Longevity and Quality - The oldest unit, deployed in 2011, has shown no significant performance degradation, highlighting the durability and quality of Beam Global's products [37][38] - The company prioritizes high-quality materials in manufacturing, which contributes to lower warranty costs and enhances long-term profitability [39] Conclusion - Beam Global is positioned as a leader in sustainable technology and renewable energy infrastructure, with a strong focus on innovation, quality, and expanding market presence globally. The company is adapting to changing market conditions and exploring new revenue streams while maintaining a solid financial foundation [22][24][35]

Core Insights - Beam Global (NASDAQ:BEEM) is recognized as a hidden penny stock with potential for investment as it expands globally and focuses on revenue growth and new patents [1][2]. Group 1: Company Developments - Beam Global has recently secured a patent for its Phase Change Composite (PCC) material used in lithium-ion batteries, enhancing thermal management capabilities [2][3]. - The new patent, titled "Smart Phase Change Composite for Passive Thermal Management," allows the technology to act as a thermal switch, providing insulation when batteries are cold and cooling when they are hot [2][3]. - The CEO, Desmond Wheatley, emphasized that this innovation will improve battery performance in extreme conditions and cater to diverse customer needs [3]. Group 2: Market Position - Beam Global specializes in clean-technology infrastructure products and battery solutions, including EV ARC and Solar Tree DCFC, and was founded in 2006 [3].

Financial Data and Key Metrics Changes - For the second quarter of 2025, the company reported revenues of $7.1 million, a 12% increase compared to the same period in 2024 [3][5] - Gross profit for 2025 was $1.4 million, reflecting a gross margin of 20%, which is an improvement of four percentage points from the previous year [4][19] - The net loss for Q2 2025 was $4.3 million, a reduction from a net loss of $4.9 million in Q2 2024 [5] - The company ended the quarter with a cash balance of $3.4 million, up from $2.5 million at the end of Q1 2025 [5][24] Business Line Data and Key Metrics Changes - Revenues from commercial customers increased to 60% of total revenues in 2025, up from 24% in the same period of 2024 [3] - International customers accounted for 37% of total revenues in 2025, compared to only 15% in 2024 [3] Market Data and Key Metrics Changes - The company successfully expanded its market presence with the creation of Beam Middle East, enhancing its global footprint [6][10] - The electric vehicle (EV) market is experiencing significant growth, with a 35% increase in sales in 2025, following a 20% increase in 2024 [12] Company Strategy and Development Direction - The company is focusing on diversifying its customer base away from federal government sales, which previously accounted for a significant portion of revenues [9][11] - Beam Global aims to leverage its international expansion, particularly in Europe and the Middle East, to drive future growth [10][31] - The company is committed to maintaining a debt-free status while reducing operating costs and improving gross margins [7][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of the EV market and the corresponding demand for EV charging infrastructure, highlighting the U.S. lagging behind in charging station deployment [14][15] - The company anticipates continued growth in its energy storage business and is optimistic about future opportunities in both the European and Middle Eastern markets [40][48] Other Important Information - The company reported a non-cash impairment of goodwill amounting to $11 million, attributed to a decrease in market capitalization rather than a decline in the actual value of acquisitions [22][23] - Beam Global has implemented lean manufacturing processes in Europe, contributing to improved efficiency and cost reductions [37][88] Q&A Session Summary Question: Is the energy storage opportunity still mostly a U.S. customer business? - The majority of energy storage sales are still U.S.-based, but there are plans to expand into Europe and the Middle East [52][53] Question: Can you discuss the desalination and bike charging equipment sales? - Sales from desalination equipment are currently small but promising, while interest in bike charging products is increasing [56][57] Question: How does Beam Global compete in the DC fast charging market? - The company has a DC fast charging product but believes that Level 2 charging will ultimately dominate the market [62][64] Question: What impact have tariffs had on the company? - Tariffs have had minimal impact so far, but there is concern about future effects as the company navigates cost structures [73][75] Question: Have federal sales conversations picked up post-legislation? - Federal sales have declined significantly, but the company has successfully transitioned to commercial and international sales to offset this loss [78][80]

Core Viewpoint - Beam Global reported a successful second quarter in 2025, achieving revenue growth and the highest GAAP Gross Margin in its history, while expanding its global market presence through the establishment of Beam Middle East [4]. Financial Highlights - Revenues for Q2 2025 were $7.1 million, a 12% increase from Q1 2025 [5]. - 60% of revenues for the first half of 2025 came from commercial customers, with 37% from international operations [5][6]. - GAAP Gross Margin was 20% for Q2 2025, up 4 percentage points from Q2 2024, while adjusted non-GAAP Gross Margin was 30%, a 12 percentage point increase from the previous year [5][7]. - Operating costs decreased by $1.2 million, or 17%, compared to Q2 2024 [8]. - The net loss for Q2 2025 was $4.3 million, an improvement from $4.9 million in Q2 2024 [9]. Recent Operational Highlights - Beam Global established Beam Middle East LLC, a joint venture to sell and manufacture products in the Middle East and Africa [5]. - The company shipped products to 13 U.S. states and multiple European countries, including Serbia, Romania, and Croatia [5]. - Beam Global received a Sustainability Award for Innovation in Infrastructure at the 2025 Romanian Mayors Congress [5]. - The company expanded its energy storage systems business, securing contracts totaling $2.5 million with defense customers [5]. Cash Position - As of June 30, 2025, Beam Global had cash of $3.4 million, an increase from $2.5 million at the end of Q1 2025 [10]. - The company remains debt-free with a $100 million line of credit available and unused [5]. Company Overview - Beam Global is a clean technology innovator focused on sustainable energy infrastructure and electric vehicle charging solutions, with operations in the U.S., Europe, and the Middle East [15]. - The company develops and manufactures advanced clean technology solutions aimed at enhancing energy security and supporting smart city initiatives [15].

Financial Data and Key Metrics Changes - For Q1 2025, the company's revenues were $6.3 million, a significant decrease compared to the same period in 2024, where revenues were more than double [4][20] - Gross profit for Q1 2025 was $500,000, resulting in an 8% gross margin, down from $1.5 million and a 10% gross margin in Q1 2024 [5] - The net loss for Q1 2025 was $15.5 million, which included $12.5 million in non-cash expenses, compared to a net loss of $3 million in Q1 2024 [7][8] - The cash balance at the end of March 2025 was $2.5 million, down from $4.6 million at the end of 2024 [8] Business Line Data and Key Metrics Changes - Revenue from commercial customers increased to 53% in Q1 2025 from 16% in Q1 2024, indicating a shift towards enterprise customers [4] - International customers contributed 25% of total revenue in Q1 2025, up from 11% in Q1 2024, reflecting successful international expansion efforts [4] Market Data and Key Metrics Changes - The company faced challenges due to the U.S. government's zero-emission vehicle strategy and uncertainties related to the presidential election, impacting revenue generation [4][20] - Despite the federal government halting acquisitions of electric vehicle infrastructure, state and local governments continued to contribute significantly to revenues [25][26] Company Strategy and Development Direction - The company is focusing on diversifying its product offerings and geographical reach, with a strong emphasis on international expansion [10][19] - The management believes that the recent acquisitions have positioned the company for future growth, despite current financial challenges [14][39] - The company aims to enhance its product portfolio with new offerings like Beam Patrol and Beam Bike, which are expected to contribute to revenue growth [45][49] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about returning to growth in future quarters, citing a solid foundation for growth despite current revenue challenges [10][30] - The company is confident in its ability to navigate the current market conditions and is focused on executing its strategic plans [41][79] - Management highlighted the importance of resiliency in their product offerings, particularly in response to climate-related challenges [66][70] Other Important Information - The company took a goodwill impairment charge of $10.8 million due to a decline in market capitalization, which is a non-cash item and does not reflect operational performance [6][17] - The company continues to generate positive gross margins, with net margins exceeding 20% when excluding non-cash items [30][52] Q&A Session Summary Question: How is the product mix between EV ARC and new products expected to evolve? - Management is enthusiastic about the adoption of new products like Beam Patrol and Beam Bike, expecting orders to increase in 2025 and beyond, while still seeing growth in EV ARC [45][49] Question: What is the outlook for margin progression as new products and international sales grow? - Management indicated that gross margins for EV ARC are currently in the 40-50% range, and they expect to achieve 50% gross profit as volume increases [51][54] Question: What is the current manufacturing capacity in Europe? - The company has significant manufacturing capacity in Europe, with the potential to produce five times more units than in the U.S., although supply chain challenges remain [59][64] Question: How will the company address climate-related challenges with its broadened product line? - Management emphasized the importance of resiliency in their products, which can operate during blackouts and are designed for disaster preparedness [66][70]

Financial Data and Key Metrics Changes - For Q1 2025, revenues were $6.3 million, a significant decrease compared to the same period in 2024, where revenues were approximately double [4][19] - Gross profit for Q1 2025 was $500,000, resulting in an 8% gross margin, down from $1.5 million and a 10% gross margin in Q1 2024 [5] - The net loss for Q1 2025 was $15.5 million, which included $12.5 million in non-cash expenses, compared to a net loss of $3 million in Q1 2024 [6][7] - Cash balance at the end of March 2025 was $2.5 million, down from $4.6 million at the end of 2024 [7] Business Line Data and Key Metrics Changes - Revenue from commercial customers increased to 53% in Q1 2025 from 16% in Q1 2024, indicating a shift towards enterprise customers [4] - International customers contributed 25% of total revenue in Q1 2025, up from 11% in Q1 2024 [4] - Non-government sales grew by 41% year-over-year, demonstrating the effectiveness of the diversification strategy [23] Market Data and Key Metrics Changes - The U.S. Federal Government's halt on electric vehicle infrastructure acquisitions has negatively impacted revenue, as over half of the previous year's revenue came from federal orders [19][20] - State and local government sales remain strong, with indications of increased activity from California and other municipalities [24] Company Strategy and Development Direction - The company is focusing on diversifying its product offerings and geographic reach, particularly in Europe and other international markets [10][22] - The management believes that the acquisitions made in recent years have significantly enhanced the company's growth potential and market presence [13][38] - The strategy includes expanding the sales team and leveraging external sales resources to increase market penetration [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to growth in future quarters despite current challenges, emphasizing the importance of their diversification strategy [10][28] - The company is optimistic about the potential for significant growth in Europe, the Middle East, and Africa [27][35] - Management acknowledged the impact of tariffs but remains hopeful for a reversal of the worst effects, which could improve margins [29][30] Other Important Information - The company has no debt and sufficient cash to continue operations, positioning itself well for future growth [10][39] - The goodwill impairment of $10.8 million was recognized due to a decline in market capitalization, but management believes this does not reflect the true value of the company's assets [6][16] Q&A Session Summary Question: How is the product mix between EV ARC and new products expected to evolve? - Management is enthusiastic about the adoption of new products like Beam Patrol and Beam Bike, expecting orders to increase in 2025 and beyond, while still seeing growth in EV ARC [44][47] Question: What is the current state of manufacturing capacity in Europe? - The company has significant manufacturing capacity in Europe, with the potential to produce five times more units than in the U.S., although supply chain issues remain a concern [58][63] Question: How will resiliency be emphasized in the product line? - Resiliency is a key aspect of the company's offerings, with products designed to operate during blackouts and natural disasters, which is increasingly relevant in various markets [66][70]