[RNsidersbuying]

“The Beam Team is laser focused on improving margins and continuing our progress towards positive cash flow. This quarter’s record gross margin at 18%, net of non-cash items, is a validation of that progress and we see continued upside going forward through the work we are doing to reduce direct costs, increase production efficiencies and benefit from our price increases,” said Desmond Wheatley, CEO of Beam Global."

https://capedge.com/filing/1398805/0001683168-24-005573/BEEM-8K/file/2

What "price increases"? Anyone see any price increases...as the farcical losses continue mounting!

[20stockman20]

Thank-you.

[Monksdream]

You scored

[20stockman20]

Bought some BEEM on the dip, waiting for the rip.

[Monksdream]

BEEM new 52 week low

[Monksdream]

BEEM new 52 week low

[Oleblue]

Time to buy....$20?

SAN DIEGO, April 16, 2024 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), (the “Company”), the leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced operating results for the year ended December 31, 2023.

2023 and Recent Company Highlights

Record full year revenues of $67.4 million, 206% year over year increase

Record Q4 revenues of $20.0 million, 154% year over year increase and highest quarterly revenue in the company’s history

Record full year EV ARC™ system production, 194% year over year increase

Positive full-year gross profit – an improvement of 9% as a percentage of revenue over 2022

Debt free and $100 million line of credit available and unused

Current pipeline $150 million, backlog of $22 million at December 31, 2023

Received $7.4 million order from the U.S. Army for 88 off-grid EV ARC™ EV charging systems – 3rd largest order in company history

Received $4.8 million order from U.S. Department of Homeland Security for sustainable EV charging infrastructure products – 5th largest order in company history

Acquired Amiga creating Beam Europe to open largest market in the world to Beam Global clean technology solutions with existing customer relationships in 17 nations

Awarded first European government supplier agreement on the UK’s Crown Commercial Service

Received first million-dollar European order for EV ARC™ solar-powered EV charging systems from UK Ministry of Defence

Received new European orders from leading telecommunications provider totaling US$1.2 million

Qualified for U.S. Federal government FedRAMP

Increased EV ARC™ base unit sales price by 8.25%

Expanded global patent portfolio:

Granted U.S. Patent for Wireless / Inductive Electric Vehicle Charging Powered by Renewable Energy

Granted European patent for Compact Transportation-Configurable EV ARC™ Systems

Granted European patent for EV Standard™ Curbside EV Charging Infrastructure product

Granted European Patent for Thermal Management Technology that Makes Lithium-ion Batteries Safer

Granted patents in China and India for Thermal Management Technology that Makes Lithium-ion Batteries Safer

Enhanced Beam global leadership team:

Judy Krandel joined Beam Global Board of Directors as Audit Committee Chair

Europe-based George Syllantavos joined Beam Global Board of Directors

Appointed Mark Myers, former nuclear navy officer, as Chief Operating Officer

Appointed Lisa Potok as Chief Financial Officer

Significantly expanded engineering expertise to further develop new product solutions for the electrification of transportation and the security and decarbonization of energy infrastructure

Significantly expanded development and manufacturing capacity to bring Beam Global products to European markets and beyond

Commenced fabrication of EV Standard™ beta products

Launched 160 mph wind-rated EV ARC™ sustainable EV charging infrastructure product line

https://finance.yahoo.com/news/beam-global-reports-record-end-230200906.html

[ranchhand71]

News tomorrow after market close

[Monksdream]

BEEM under $7

[Monksdream]

BEEM new 52 week low

[rawsteel]

Headed up and away....GLTA
https://video.foxbusiness.com/v/6316269614112#sp=show-clips

[diduknow]

Here comes the first dilution. Death spiral.

[diduknow]

Battery business losing dough as well. How can any institutional investor even hold any of these shares, I have seen penny stocks with better numbers and prospects.

[diduknow]

Massive losses, dwindling cash, no margins. Going to 2.00 by end of year.

[diduknow]

Such a sad co, headed to penny stock status IMHO. Cannot compete, seems the more they sell the more they lose. BEWARE the stock pumpers.

[RNsidersbuying]

You go Dez...

Generated the highest quarterly revenues in the company’s history of $3.8 million, a 175% increase over Q1 2021

Net loss per share - basic and diluted $ (0.24) - With the largest loss ever???

https://docoh.com/filing/1398805/0001683168-22-003993/BEEM-8K/file/2

ANTI-GREEN!

[adaschu]

BEEM me up Scottie!!!

[RNsidersbuying]

Beam Global reported record revenues in fiscal 2021 of $9,001,751...

The net loss was $6,596,039 for the 2021 fiscal year...

https://docoh.com/filing/1398805/0001683168-22-002131/BEEM-8K/file/2

Welp, I guess they just need to grap-a-holt-o more "time" to improve their perennial failings at simple mathematics...

[RNsidersbuying]

Our gross loss increased primarily due to an increase in costs for the new EV ARC™ 2020 unit compared to the original EV ARC™ which we expect to improve over time, and due to increases in the cost of materials and delivery services due to supply shortages.

"...which we expect to improve over time..." Seriously Clark??

pps getting attractive down here at $10's...raise the DAMM PRICE of "EV ARC™ 2020" and I'd be a re-buyer of the stock here

[RNsidersbuying]

Has anyone seen this? Comments appreciated...

iSun Inc. Awarded $29.3 Million Contract for Solar Canopy Design and Delivery for EV Charging Stations

https://feeds.issuerdirect.com/news-release.html?newsid=4799102253899402

https://isunenergy.com/services/mobility/electric-vehicle-charging

I bought some ISUN stock...appears a much better value with much larger contracts.

[conix]

City of San José Deploys Beam Global EV ARC™ Sustainable EV Charging Systems

Transportable, one City EV ARC™ system to be featured at Fleet Forward Conference at Hayes Mansion November 10-12

SAN DIEGO, CA, November 9, 2021—Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, announced that the City of San José in California has deployed four EV ARC™ solar-powered EV charging systems to charge City fleet EVs. The systems were purchased through the California Department of General Services (DGS) Contract #1-18-61-16, which serves to simplify the government procurement process and make chosen solutions available statewide at the best negotiated pricing.

The City of San José’s EV ARC™ charging systems fit in a standard parking space and are equipped with a dual port charger to serve the City’s growing fleet of electric vehicles. Each EV ARC™ system generates and stores its own clean electricity and delivers that electricity to power City EVs day or night, and during inclement weather and power outages. Flood proof to 9.5 feet and wind-rated to 120 mph, the product adds to the City’s energy resiliency and disaster preparedness. The transportable but permanent unit includes the Emergency Power Panel option for first responder use during blackouts or in locations where there is no utility connection available.

City of San José Deploys Beam Global EV ARC™ Sustainable EV Charging Systems

“San José has always been a visionary city when it comes to sustainability. We have a goal to operate all-electric, zero-net-carbon new municipal facilities,” said Walter Lin, Public Works Deputy Director of the City of San José. “City fleet vehicles can charge sustainably and cost-effectively with the Beam EV ARC™ solar electric vehicle charging systems bringing the city that much closer to achieving our clean energy future.”

Transportable, the City’s EV ARC systems can be relocated as fleet charging patterns emerge, for City events, and as an emergency energy source. One EV ARC™ will be relocated for demonstration at the Fleet Forward conference at Hayes Mansion in San José on November 10-12, a premier event focused on innovations in the electrification of transportation.

Requiring no connection to the utility grid, Beam Global products eliminate disruptive construction projects, costly electric circuit upgrades and utility charges to deliver significant long-term savings to city budgets.

“By deploying 100% renewably-powered Beam Global charging infrastructure solutions, San José is demonstrating its standing as a climate and resiliency leader,” said Beam Global CEO Desmond Wheatley. “With demand for EVs continuing to rise, municipalities in California and beyond are recognizing the cost and time savings unlocked by sustainable, transportable EV ARC systems for their rapidly growing charging needs.”

California Governor California Governor Gavin Newsom’s commitments to fast-track progress toward environmental goals include $1.5 billion in stimulus spending dedicated to zero-emission vehicles and new charging systems. This proposal follows a September 2020 mandate banning the sale of new gasoline and diesel vehicles in the state by 2035. The need for more sustainable EV charging infrastructure is also gaining traction at the national level, with President Biden announcing $555 billion for green jobs and infrastructure spending.

About Beam Global

Beam Global is a CleanTech leader that produces innovative, sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, risks and costs of grid-tied solutions. Products include the patented EV ARC™ and Solar Tree® lines with BeamTrak™ patented solar tracking, and ARC Technology™ energy storage, along with EV charging, outdoor media and disaster preparedness packages.

The company develops, patents, designs, engineers and manufactures unique and advanced renewably energized products that save customers time and money, help the environment, empower communities and keep people moving. Based in San Diego, the company produces Made in America products. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW (formerly Envision Solar, EVSI, EVSIW). For more information visit BeamForAll.com, LinkedIn, YouTube and Twitter

[rynlrt]

Looking for one more big red day

[Oleblue]

LD Micro Presentation

https://me21.mysequire.com/recording?session_id=b2b56c5f-004d-4591-a1cb-a118db258b11

[conix]

Beam Global Announces Record Contracted Backlog of More Than $7M and Pipeline of More Than $75M

SAN DIEGO, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, announced that it has a current backlog of purchase orders for EV ARC™, and other proprietary products, totaling more than $7M. This is a historically high level of contracted backlog for the Company and represents near-term future revenue which is greater than any prior full year. The Company’s sales pipeline has also grown from $50M at the end of the second quarter to more than $75M at the end of Q3 representing a material acceleration of Pipeline growth which is also at historically high levels.

Both backlog and pipeline amounts are comprised of purchase orders and opportunities (respectively) which include EV ARC™ system quantities which are greater than historical averages. Backlog includes orders which have transitioned from pipeline in less time than historical averages. The Company believes that these trends are indicative of increased order volumes and urgency, as federal, state and local governments accelerate their adoption of EVs, and as corporations return to the workplace post-vaccine resulting in an increased requirement for workplace charging.

Beam is making modest but highly impactful investments in its factory facility and delivery equipment to allow for an efficient increase in throughput and delivery of products. Certain purchase orders currently in backlog, like the recently announced United States Marine Corps order, are placed through government contract vehicles which specify delivery times of 90 days from purchase order issuance.

“It took ten years for us to get a pipeline of $50M and just one more quarter to get to over $75M,” said Beam Global CEO Desmond Wheatley. “We are converting pipeline to backlog and backlog to revenue at better rates than at any time in our history and we only anticipate improving on all these metrics. Government tailwinds both in the US and internationally, and consumer adoption of the fantastic new line up of EVs now available are creating the intense and urgent need for EV charging infrastructure that has been central to our investment thesis. We have zero debt and plenty of cash to execute on our organic growth. There’s never been a better time to be Beam.”

Car News reports that there will be 100 EV models to choose from in 2022 including the Ford F-150 Lightning and several other van, SUV, sedan and luxury models delivered by the large OEMs and new entrants like Rivian and Lucid. Announcements of investments in the tens of billions from the large OEMs are not uncommon and most auto manufactures have committed to fully electric fleets in the next two decades. The U.S. federal government fleet encompasses about 657,000 cars, SUVs and trucks. In January, Executive Order 14008 was signed directing agencies to dramatically increase the number of electric vehicles in the government fleet to help tackle the climate crisis. Beam’s EV charging infrastructure products are included on the federal GSA MAS Contract as the result of an extensive evaluation process conducted by GSA that serves as a testament to the company’s capabilities, performance history and customer satisfaction. For more information on purchasing Beam’s EV ARC™ ready-to-deploy sustainable EV charging solutions through the GSA MAS Contract, please contact The Beam Team at 858-799-4583 or [e-mail].

About Beam Global

Beam Global is a CleanTech leader that produces innovative, sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, risks and costs of grid-tied solutions. Products include the patented EV ARC™ and Solar Tree® lines with BeamTrak™ patented solar tracking, and ARC Technology™ energy storage, along with EV charging, outdoor media and disaster preparedness packages.

The company develops, patents, designs, engineers and manufactures unique and advanced renewably energized products that save customers time and money, help the environment, empower communities and keep people moving. Based in San Diego, the company produces Made in America products. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW (formerly Envision Solar, EVSI, EVSIW). For more information visit BeamForAll.com, LinkedIn, YouTube and Twitter

[conix]

BEEM should be a beneficiary of the Infrastructure Bill. If they do not see a significant pop in revenue over the next year, they are in serious trouble. It will mean there are other solutions winning out there in the marketplace that may be more advance and/or economical.

[RNsidersbuying]

Another fustercluck $$$-loser filing...why don't they raise the damn price making an attempt to show profit?

Negotiated into CEC's Clean Transportation Program – Up to $200 million in potential EVSE funding.

https://docoh.com/news/benzinga/22476976/beam-global-reports-fiscal?fromCompany=1398805

Weeeeeeeeeeee...will they ever make selling product (NOT PAPER) their #1 priority? Guess you can take CEO out of this previous paper-printing-scam but you can't take the paper-printing-scam out the CEO hahaha...

continue to watch...

[RNsidersbuying]

Another fustercluck $$$-loser filing...why don't they raise the damn price making an attempt to show profit?

Negotiated into CEC's Clean Transportation Program – Up to $200 million in potential EVSE funding.

https://docoh.com/news/benzinga/22476976/beam-global-reports-fiscal?fromCompany=1398805

Weeeeeeeeeeee...will they ever make selling product (NOT PAPER) their #1 priority? Guess you can take CEO out of this previous paper-printing-scam but you can't take the paper-printing-scam out the CEO hahaha...

continue to watch...

[Alyssa]

Number of Floating Shares 7.5 M
Short Interest as % of Float 40.48%

8/9/21 ETrade

:))

[conix]

Ventura County CA Orders Ten Beam Global EV ARC™ Off-Grid EV Charging Systems

SAN DIEGO, CA, August 3, 2021—Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, announced that the County of Ventura in California has ordered ten EV ARC™ solar-powered EV charging systems for fleet and public use.

Ventura’s EV ARC™ units are equipped with ChargePoint™ Dual Port and Enel X JuiceBox® chargers. Fleet units are expected to deploy at the County of Ventura Remote Motor Pool locations. Public charging is expected to deploy in Oxnard at one of MICOP’s (Mixteco Indigena Community Organizing Project) offices that serves local disadvantaged communities. Each EV ARC™ generates and stores its own clean electricity and delivers that electricity to power EVs, day or night, and during inclement weather and power outages.

“The County of Ventura’s Climate Action Plan strives to reduce greenhouse gas emissions by 41 percent below 2015 levels. Electrification of County fleet vehicles is an important part of this plan,” said Chair of the Board of Supervisors for the County of Ventura, Linda Parks. “Funded in part by the California Energy Commission, the new Beam EV ARC charging stations are a model in clean energy because they are powered by solar energy and we are doubly fortunate to be able to install them without additional costs.”

Beam Global California Energy Commission

The competitive grant funding was awarded to Ventura County from the California Energy Commission’s (CEC’s) Clean Transportation Program, Electric Vehicle Ready Communities Phase II- Blueprint Implementation Grant. Requiring no connection to the utility grid, Beam Global products eliminate disruptive construction projects, costly grid upgrades and utility charges to deliver significant long-term savings to city budgets.

“Beam continues to see growing momentum in multi-unit orders as corporate and government entities across the U.S. move from trial to build-out under their initiatives to combat climate change with sustainable EV charging infrastructure,” said Beam CEO Desmond Wheatley. “Organizations are realizing the total cost of ownership advantages of off-grid sustainable EV charging now that they’ve experienced the expense, disruption, time and risks often associated with in ground charging. Beam joins other leaders in recommending 25% of EV charging infrastructure be off-grid and powered by renewable energy to provide secure EV charging infrastructure even during grid outages.”

Beam Global EV ARC Deployments 2021

There are over 3000 counties in the United States. Beam Global continues to expand its government customer base as local, state and federal entities transition from gasoline and diesel vehicles to reduce costs and carbon footprint and to comply with the increasing number of mandates which are in place across the U.S. to reduce transportation pollution.

About Beam Global

Beam Global is a CleanTech leader that produces innovative, sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, risks and costs of grid-tied solutions. Products include the patented EV ARC™ and Solar Tree® lines with BeamTrak™ patented solar tracking, and ARC Technology™ energy storage, along with EV charging, outdoor media and disaster preparedness packages.

The company develops, patents, designs, engineers and manufactures unique and advanced renewably energized products that save customers time and money, help the environment, empower communities and keep people moving. Based in San Diego, the company produces Made in America products. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW (formerly Envision Solar, EVSI, EVSIW). For more information visit BeamForAll.com, LinkedIn, YouTube and Twitter

Forward-Looking Statements

This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results.

Media Contact
Next PR
[phone]
[e-mail]

[conix]

I have traded BEEM. Been in again since the last time the RSI hit 30.

[RNsidersbuying]

You still hanging in here?

https://finance.yahoo.com/video/automakers-t-business-without-infrastructure-165322566.html

I continue to watch closely. I know I've given Desmond a-bit-of razz in previous posts but you've got to give kudos for his intense focus...

[conix]

LD Micro presentation yesterday was very good

[Ganz]

This will hit 40+ very soon

[conix]

State of California Places Order for 52 More EV ARC™
Solar-Powered EV Charging Systems

State makes $4 million investment to support energy resilience, disaster preparedness and EV fleet sustainability at 12 state agencies

SAN DIEGO, CA, May 20, 2021 - Beam Global (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, announced an order from the California Department of General Services (DGS) for 52 Beam Global EV ARC™ solar-powered EV charging systems. The EV ARC™ systems will expand access to sustainable EV charging and emergency power for 12 state government agencies. Beam Global EV charging infrastructure products are transportable, off-grid and require no construction, permitting or electrical work, providing fleet vehicles with access to clean, resilient EV charging. Wind rated to 120mph, flood-proof to 9 ½ feet and featuring an emergency power panel, the EV ARC™ systems also serve as emergency preparedness sustainable generators for fleet operators and first responders as they continue to operate during grid failures and provide power in locations without access to the utility grid.

EV ARC 2020 Drive on Sunshine

Funded by a California Governor's Office of Emergency Services (Cal OES) grant and executed by the DGS Office of Sustainability’s Transportation Unit, the order will bolster the state’s off grid and resilient EV charging infrastructure for government-owned fleets, which already incorporates Beam Global products previously deployed statewide. This order is purchased through DGS’ statewide California Contract #1-18-61-16 which simplifies the procurement process, ensures best pricing and is available to all state agencies and local government entities. The systems will provide power during emergencies and charge State of California EV fleets year-round. DGS has allocated the new EV ARC™ systems, according to each agency’s needs, for delivery and deployment within 90 days of order placement. This bulk purchase reflects Beam Global’s capability to fulfill orders of increasing scale while generating recurring demand, particularly in the public sector.

“We believe that this, the largest single order in our history is indicative of an increased emphasis on rapidly deployed and grid independent EV charging infrastructure by all branches of government,” said Beam Global CEO Desmond Wheatley. “The U.S. has a Strategic Petroleum Reserve but there is no Strategic Electricity Reserve. Each EV ARC deployed contributes to our nation’s energy security and in combination, provide the beginnings of a Strategic Electric Reserve. We are observing that this vital capability is becoming increasingly recognized in purchasing decisions and we applaud DGS and OES for taking this leadership position in securing the fuel of the future for California.”

Governor Gavin Newsom setting a 2035 deadline for phasing out internal combustion engine vehicle sales

Federal, state and local authorities are accelerating demand for renewably-powered EV charging in the U.S. in response to recent grid failures and ambitious clean energy and electrified transportation targets. California is a leader in the transition, with Governor Gavin Newsom setting a 2035 deadline for phasing out internal combustion engine vehicle sales and advocating for $1.5 billion in public investments in the state’s EV charging networks. The State of Washington has announced a similar ban five years earlier in 2030. At the federal level, President Biden aims to deploy 500,000 new public EV charging outlets as part of the administration’s strategy to revitalize the country’s transportation infrastructure and fight climate change.

About Beam Global

Beam Global is a CleanTech leader that produces innovative, sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, risks and costs of grid-tied solutions. Products include the patented EV ARC™ and Solar Tree® lines with BeamTrak™ patented solar tracking, and ARC Technology™ energy storage, along with EV charging, outdoor media and disaster preparedness packages.

The company develops, patents, designs, engineers and manufactures unique and advanced renewably energized products that save customers time and money, help the environment, empower communities and keep people moving. Based in San Diego, the company produces Made in America products. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW (formerly Envision Solar, EVSI, EVSIW). For more information visit https://BeamForAll.com/, LinkedIn, YouTube and Twitter.

About DGS

The California Department of General Services acts as the business manager for the state of California. DGS helps state government better serve the public by providing services to state agencies including procurement and acquisition solutions, real estate management, leasing and design services, environmentally friendly transportation, and architectural oversight and funding for the construction of safe schools. DGS Office of Sustainability (OS) supports state agencies in sustainability initiatives including policies, strategies, programs and projects for state buildings. Key program areas to meet customer needs include: renewable clean energy generation (solar and wind), energy retrofits in existing facilities, zero net energy (ZNE) building policy development, electric vehicle supply equipment (EVSE) infrastructure, energy and emissions benchmarking, and recycling. The OS Transportation Unit designs and installs EV charging infrastructure at state facilities. For more information visit https://www.dgs.ca.gov/

[conix]

BEEM Chart

[jessellivermore]

Just Beemed in..

Congratulation to all of you that bought in here before I did today..EV charging stations run on solar power...I'm thinking what a great idea..(Why didn't I think of this) something a lot of other entrepreneurs are probably thinking...

I have been in the market since the late fifties..and this might be the best situation I have ever seen...Everything including the MCAP seems perfect.. This is going to be a major disrupter..as it will provide avenues for further employment for solar power while cutting down the carbon footprint...This will resonate with Elon Musk. Who recently retracted his offer to sell Teslas for Bitcoin...Not because he doubts the validity of Bitcoin...But he recognizes Bitcoin "mining" is harmful to the environment.

The option to sell Teslas for Bitcoin..counterfeits Musk's theory that Teslas are environmentally friendly..Musk must love Beem...Who knows, he might buy the company.

I see you guys are having a lot of discussions about selling your positions (shares)...I do not think that is a very good idea. This stock is one of those ones that the hucksters say that they owned it before it went up 10,000 percent...

Reminds me of the song from Beauty and the Beast. "Surely as the sun rises in the East."..

GL..":>) JL