Announcement • Apr 09
Beam Global to Report Fiscal Year 2025 Results on Apr 09, 2026 Beam Global announced that they will report fiscal year 2025 results at 4:00 PM, US Eastern Standard Time on Apr 09, 2026 Announcement • Apr 02
Beam Global announced delayed annual 10-K filing On 04/01/2026, Beam Global announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Feb 24
Beam Global and HEVO Inc. Launch Market-Ready Autonomous Charging Platform for Autonomous Vehicles Beam Global and HEVO Inc. announced the launch of their combined technology solution providing the first integrated autonomous wireless charging system powered by the EV ARC™? off grid, rapidly-deployed, solar-powered EV charging infrastructure product. The system is ideal for the rapidly growing autonomous vehicle (AV) sector and adaptable to a wide range of commercial electric vehicle (EV) fleet applications where charging vehicles without relying on humans to plug them in is beneficial. The solution is commercially viable and generating strong interest from AV operators, government agencies and commercial fleet customers in the United States (U.S.), the United Arab Emirates (UAE) and other international markets. The combination integrates HEVO's patented Rezonant™? UL certified and SAE qualified wireless charging hardware and Journey™? software platform with Beam Global's rapidly deployable, patented, off-grid EV ARC™? charging infrastructure product. There are thousands of Beam's EV ARC™? systems deployed globally, providing grid independent, construction free charging infrastructure. Beam Global also holds a U.S. patent covering a wireless/inductive EV charging system powered by renewable energy. Together, the companies are offering a turnkey plug and play charging package that enables fully automated charging without trenching, utility interconnection or manual intervention. AVs currently rely on human beings to plug them in to chargers making even the most capable AVs reliant on human intervention for their operations. The Beam Global/HEVO solution makes AVs fully autonomous and powered entirely by reliable, scalable and free renewable energy. Beam Global and HEVO are advancing commercial rollouts with select international customers and will also conduct a series of joint demonstrations in the coming months to showcase the integrated platform's capabilities. The companies will jointly demonstrate autonomous EVs equipped with HEVO's Rezonant™? wireless charging hardware operating on Beam Global's off-grid charging systems at select sites in the U.S. and the UAE. With President Donald Trump's administration signaling support for accelerating AV deployment through streamlined federal permitting and reduced regulatory barriers to commercial rollout, the U.S. policy environment is expected to become increasingly favorable for AV innovation. At the same time, Abu Dhabi, where Beam Global recently opened Beam Middle East has announced its intention to lead the world in the roll-out of AVs. The UAE AV market is forecast to reach approximately $2.7 billion by 2030, representing a compound annual growth rate of 19.2% from 2025 to 2030, further reinforcing strong global momentum for scalable, infrastructure ready AV charging solutions such as the Beam Global/HEVO platform. The integrated Beam-HEVO solution is designed to support real world autonomous fleet operations while also meeting the needs of broader EV fleet customers seeking resilient, construction free charging. Key capabilities include: Rapidly deployed, autonomous, wireless, hands-free charging for electric and autonomous vehicles; Rapidly deployed, autonomous solar-plus-storage charging infrastructure requiring no construction or grid connection; Automated charging workflows that eliminate human intervention; Compatibility with any AV or EV; A scalable platform that supports AV fleets, municipal fleets, logistics fleets and campus mobility systems; Significant infrastructure and operating cost reductions through the avoidance of construction, electrical, utility and human resource costs; 24 hours up time and dark operations immune to human scheduling constraints. Beam Global and HEVO have launched a coordinated global marketing effort promoting the integrated platform to AV developers, commercial fleet operators, government agencies and strategic partners. Early engagement has produced significant inbound interest and real-world deployments are in process, especially from organizations deploying or evaluating autonomous fleets for logistics, policing, campus mobility and smart city applications. Breakeven Date Change • Feb 15
Forecast to breakeven in 2027 The 4 analysts covering Beam Global expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 8.1% per year to 2026. The company is expected to make a profit of US$4.40m in 2027. Average annual earnings growth of 89% is required to achieve expected profit on schedule. Major Estimate Revision • Jan 18
Consensus revenue estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$25.0m to US$27.7m. EPS estimate unchanged at -US$1.60. Electrical industry in the US expected to see average net income growth of 31% next year. Consensus price target of US$3.25 unchanged from last update. Share price rose 4.2% to US$1.72 over the past week. Major Estimate Revision • Nov 21
Consensus revenue estimates decrease by 20% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$31.3m to US$25.0m. EPS estimate unchanged at -US$1.60 per share. Electrical industry in the US expected to see average net income growth of 29% next year. Consensus price target down from US$3.50 to US$3.25. Share price fell 6.6% to US$1.69 over the past week. Price Target Changed • Nov 20
Price target decreased by 7.1% to US$3.25 Down from US$3.50, the current price target is an average from 4 analysts. New target price is 82% above last closing price of US$1.79. Stock is down 56% over the past year. The company is forecast to post a net loss per share of US$1.60 next year compared to a net loss per share of US$0.77 last year. New Risk • Nov 19
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$29m Forecast net loss in 3 years: US$11m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$6.7m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$11m net loss in 3 years). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (US$32.3m market cap). Breakeven Date Change • Nov 17
Forecast to breakeven in 2027 The 5 analysts covering Beam Global expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$6.50m in 2027. Average annual earnings growth of 82% is required to achieve expected profit on schedule. Reported Earnings • Nov 17
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: US$0.28 loss per share (down from US$0.088 profit in 3Q 2024). Revenue: US$5.79m (down 50% from 3Q 2024). Net loss: US$4.87m (down 476% from profit in 3Q 2024). Revenue missed analyst estimates by 32%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Announcement • Nov 13
Beam Global to Report Q3, 2025 Results on Nov 14, 2025 Beam Global announced that they will report Q3, 2025 results After-Market on Nov 14, 2025 Announcement • Nov 06
Beam Global to Introduce EV ARC and BeamBike™ at DRIFTx in Abu Dhabi Beam Global announced that Beam Middle East will showcase its EV ARC solar-powered electric vehicle (EV) charging system and BeamBike off-grid eBike charging system at DRIFTx, taking place November 10-12, 2025, at Yas Marina Circuit in Abu Dhabi, United Arab Emirates (UAE). The event, part of Abu Dhabi Autonomous Week and organized by the Smart and Autonomous Systems Council is the region's exhibition for smart and autonomous mobility, led by the Abu Dhabi Investment Office (ADIO). DRIFTx brings together global innovators, investors, and regulators to explore the future of mobility across air, land, sea, and robotics. Beam Global Middle East's participation marks the first deployment of Beam Global products in the UAE. The EV ARC and BeamBike systems are ideally suited to the region's sustainability goals, delivering renewable, rapidly deployable, and grid-independent charging infrastructure that supports EV and e-bike growth without construction, permitting, or grid connection. Announcement • Sep 22
Beam Global Announces the Resignation of Mark Myers as Chief Operating Officer, Effective October 29, 2025 On September 16, 2025, Beam Global was informed by Mark Myers, the Company's Chief Operating Officer, that he will resign from his position effective October 29, 2025. Recent Insider Transactions • Sep 18
Independent Director recently sold US$50k worth of stock On the 12th of September, George Syllantavos sold around 21k shares on-market at roughly US$2.42 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Sep 09
Beam Global, Annual General Meeting, Oct 21, 2025 Beam Global, Annual General Meeting, Oct 21, 2025. Location: 5660 eastgate drive, california 92121, san diego United States New Risk • Aug 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$5.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$5.6m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$11m net loss in 3 years). Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (US$36.7m market cap). Announcement • Aug 11
Beam Global to Report Q2, 2025 Results on Aug 14, 2025 Beam Global announced that they will report Q2, 2025 results After-Market on Aug 14, 2025 Buy Or Sell Opportunity • Jul 23
Now 21% undervalued Over the last 90 days, the stock has risen 107% to US$2.96. The fair value is estimated to be US$3.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Earnings per share has grown by 5.8%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 43% per annum over the same time period. New Risk • Jul 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$4.5m net loss in 3 years). Market cap is less than US$100m (US$39.5m market cap). Price Target Changed • Jul 01
Price target decreased by 37% to US$3.45 Down from US$5.50, the current price target is an average from 4 analysts. New target price is 141% above last closing price of US$1.43. Stock is down 73% over the past year. The company is forecast to post a net loss per share of US$1.63 next year compared to a net loss per share of US$0.77 last year. Announcement • May 16
Beam Global Reports Goodwill Impairment for the First Quarter Ended March 31, 2025 Beam Global reported impairment charges for the first quarter ended March 31, 2025. For the quarter, the company reported goodwill impairment of $10,780,000. Announcement • Apr 05
Beam Global to Report Fiscal Year 2024 Results on Apr 11, 2025 Beam Global announced that they will report fiscal year 2024 results at 4:00 PM, US Eastern Standard Time on Apr 11, 2025 Announcement • Apr 01
Beam Global announced delayed annual 10-K filing On 03/31/2025, Beam Global announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Mar 21
Beam Global and Zero Motorcycles to Demonstrate Sustainable Product Bundles at Upcoming MotoGP and TEVCON Events Beam Global announced that together with Zero Motorcycles, it will demonstrate the BeamPatrol™ and Zero Motorcycles DSR/X and FX product bundles to military, law enforcement, first responder and civilian motorcycle enthusiasts. Demonstration attendees will experience both companies’ technology offerings, combining high performance, low maintenance, cutting edge motorcycles with rapidly deployed, zero construction, zero utility bill, secure and robust sustainable charging infrastructure. Beam Global and Zero Motorcycles will host a series of demonstrations starting at two major upcoming events: the prestigious MotoGP in Austin, Texas, on March 27, 2025, and the TEVCON at Broadway Pier in San Diego, California, from April 2 to 4, 2025. The BeamPatrol™ product bundle which includes four Zero Motorcycles DSR/X with law enforcement livery will be on display at TEVCON and attendees will be able to take test rides of DSR/X and FX models in Austin, powered by sunshine. New Risk • Jan 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Market cap is less than US$100m (US$46.8m market cap). Announcement • Dec 05
Beam Global Achieves Build America, Buy America Act Compliance for EV ARC Off-Grid Charging Infrastructure Product Lines Beam Global announced that its EV ARC off-grid charging infrastructure platform has achieved Build America, Buy America (BABA) Act compliance under the manufactured products designation. BABA compliance ensures that the EV ARC™? platform, along with the BeamBike™? and BeamPatrol™? product lines, are manufactured in the United States using sufficient materials sourced from the U.S., meeting federal domestic production requirements. The BABA-compliant designation strengthens Beam Global's position as a trusted partner for federal, state, and local government agencies, enabling the company to continue expanding its robust product portfolio offerings to its government customers which include the U.S. Army, U.S. Marine Corps, Food and Drug Administration, Missile Defense Agency, National Park Service, the Department of Homeland Security and many other key agencies. The patented EV ARC™? platform is an off-grid, solar-powered energy security and charging solution designed for rapid deployment without construction, electrical work or utility connections. Widely deployed across the U.S., it supports both military and commercial applications, with thousands of chargers in operation. Each EV ARC™? charging system generates and stores clean energy independently, to power the electrification of transportation, exemplifying Beam Global's mission to advance sustainability and energy independence. The Company recently reported that its EV ARC™? products continued to function in eight feet of storm surge throughout Hurricane Helene for the federal government in Florida. Breakeven Date Change • Nov 20
No longer forecast to breakeven The 6 analysts covering Beam Global no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$4.33m in 2026. New consensus forecast suggests the company will make a loss of US$3.00m in 2026. Reported Earnings • Nov 17
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: US$0.088 (up from US$0.26 loss in 3Q 2023). Revenue: US$11.5m (down 30% from 3Q 2023). Net income: US$1.30m (up US$4.93m from 3Q 2023). Profit margin: 11% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 25%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. Announcement • Nov 15
Beam Global to Report Q3, 2024 Results on Nov 15, 2024 Beam Global announced that they will report Q3, 2024 results After-Market on Nov 15, 2024 Announcement • Oct 03
Beam Global Introduces the New BeamBike Solar-Powered Electric Bike Charging Product Beam Global introduced the new BeamBike™ ebike charging product that is rapidly deployed, solar-powered and can charge up to 12 ebikes at a time. The dedicated ebike charging station provides a vital solution for ebike owners who want a secure location to park, lock and charge their ride, without the risks of charging indoors. Each BeamBike™ solar-powered charging system generates and stores its own clean electricity which is accessed through twelve integrated, weatherized 120 V outlets which will support any ebike charger. The BeamBike™ charger's onboard battery storage provides ebike charging and vital 120 V outlets where there is no easily accessible utility connection and during grid outages making it an emergency preparedness and energy resiliency asset as well. The rapidly deployed outdoor ebike charging product will enable cities, campuses, corporations and any other location where users need to charge electric bikes, to provide charging opportunities which do not put buildings or people at risk from battery fires. Ideal for transit centers, parks, shopping malls, campuses, campuses, bike rental providers, the workplace, civic centers, mixed use communities, last mile delivery, and public access complexes such as event centers, stadiums and automation parks, BeamBike™ charging stations make safe, cost-effective ebike charging accessible to the public. Announcement • Sep 06
Beam Global (NasdaqCM:BEEM) acquired Pantel Telcom Beam Global (NasdaqCM:BEEM) entered into an agreement to acquire Pantel Telcom d.o.o Beograd for €0.815298 million on September 5, 2024. The purchase price for the acquisition was €815,298 of which €385,298 was paid in unregistered shares of Beam Global common stock and €430,000 was paid in cash.
Beam Global (NasdaqCM:BEEM) completed acquisition of Pantel Telcom d.o.o Beograd Major Estimate Revision • Aug 20
Consensus revenue estimates fall by 20% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$79.3m to US$63.5m. Forecast losses increased from -US$0.773 to -US$0.86 per share. Electrical industry in the US expected to see average net income growth of 19% next year. Consensus price target down from US$15.40 to US$14.60. Share price fell 6.1% to US$5.40 over the past week. Reported Earnings • Aug 15
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: US$0.34 loss per share (further deteriorated from US$0.32 loss in 2Q 2023). Revenue: US$14.8m (down 17% from 2Q 2023). Net loss: US$4.92m (loss widened 39% from 2Q 2023). Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 52%. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Announcement • Aug 12
Beam Global, Annual General Meeting, Sep 23, 2024 Beam Global, Annual General Meeting, Sep 23, 2024. Location: 5660 eastgate drive, san diego, california 92121, california United States Announcement • Aug 07
Beam Global to Report Q2, 2024 Results on Aug 13, 2024 Beam Global announced that they will report Q2, 2024 results After-Market on Aug 13, 2024 Announcement • Jul 27
Beam Global Announces Resignation of Peter Davidson as Member of the Board of Directors and Member of the Audit, Nominating and Governance Committees of the Board On July 24, 2024, Peter Davidson, a member of the Beam Global Board of Directors (the “Board”) and member of the Audit, Nominating and Governance committees of the Board, informed the Company that he would be resigning as a director of the Board for personal reasons effective as of September 23, 2024. Mr. Davidson remains an avid supporter and shareholder of the Company and his resignation from the Board did not result from any disagreement with the Company. The Company is extremely grateful for Mr. Davidson’s dedication and service to the Company. Announcement • Apr 17
Beam Global to Report Fiscal Year 2023 Results on Apr 17, 2024 Beam Global announced that they will report fiscal year 2023 results at 4:00 PM, US Eastern Standard Time on Apr 17, 2024 Announcement • Mar 29
Beam Global announced delayed annual 10-K filing On 03/28/2024, Beam Global announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Jan 30
Beam Global Appoints Mark Myers as Chief Operating Officer Beam Global announced that former Nuclear Navy Officer Mark Myers has joined the Beam Global executive team as chief operating officer (COO). Mr. Myers is a proven manufacturing and operations executive with over 20 years of experience leading lean transformations in design, manufacturing and logistics. He has a track record in scaling high-growth organizations with strong gains in efficiency while expanding and adding manufacturing facilities and entering new geographies. Previous senior management experience includes Thyssenkrupp Automotive, General Atomics, McKinsey & Co. and a leadership role as an officer in the United States Nuclear Navy. He has built and led teams of 200+ personnel and managed large-scale commercial and government projects with budgets of over $100 million. Mr. Myers holds a Master of Science in Executive Leadership from the University of San Diego, a Master of Science in Engineering Management from Old Dominion University in Norfolk, VA and a Bachelor of Science in Naval Architecture and Marine Engineering from the Webb Institute in Glen Cove, NY. His distinguished naval career includes accolades and certifications in naval nuclear power, advanced system testing, field operations, Department of Defense engineering programs and a Highest Merit Prize in academic coursework. Breakeven Date Change • Dec 31
Forecast to breakeven in 2026 The 7 analysts covering Beam Global expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$13.7m in 2026. Average annual earnings growth of 56% is required to achieve expected profit on schedule. Announcement • Dec 13
Beam Global Appoints George Syllantavos as Member of Board of Directors Beam Global announced that George Syllantavos, based in Europe, has joined the Beam Global board of directors. A seasoned executive with over 35 years of experience in corporate finance, strategic planning, corporate boards, governance and entrepreneurship, Mr. Syllantavos brings deep international experience in the highly relevant sectors of transportation, maritime, industrials, innovative mobility, automotive technology and software. He joins Beam Global’s board as an independent board member based in Europe and brings a strong track record in multiple public listings, M&A transactions, IPOs and the capital markets. George Syllantavos’ previous board experience includes public companies Cepton Technologies, ITHAX Acquisition Corp., Phunware Inc., Star Bulk Carriers Corp. and Star Maritime Acquisition Corp. He has held CEO and CFO positions at public and private companies including Star Bulk Carriers Corp., Growth Capital Acquisition Corp., Nautilus Marine Acquisition Corp., Stellar V Capital Inc. and Stellar Acquisition III Inc. Mr. Syllantavos holds a Bachelor of Science in Industrial Engineering from Roosevelt University in Chicago, IL and a Master of Business Administration in Operations Management, International Finance and Transportation Management from Kellogg at Northwestern University in Evanston IL. Announcement • Dec 08
Beam Global Announces Chief Financial Officer Changes Beam Global announced that Lisa Potok has joined the Beam Global executive team as chief financial officer. Ms. Potok is an innovative and strategically focused financial executive with Fortune 500, small and medium-sized company and international experience. She has consistently contributed to growth in profitability while managing public offerings, acquisitions and other strategic initiatives. Immediately prior to her appointment at Beam Global, Ms. Potok was the CFO, Treasurer and Secretary of Nice North America LLC, previously known as Nortek Security & Control, LLC, one of the largest smart residential, commercial and industrial solutions manufacturing companies in the world. Ms. Potok’s previous experience with publicly traded companies includes Newegg Inc.; Vice President of Global Finance at Club Demonstration Services; and Vice President of Finance/Divisional CFO at FTD Inc.’s Provide Commerce division. Ms. Potok succeeds Kathy McDermott, who is stepping down from her CFO role to pursue other interests. Ms. McDermott has served as Beam Global’s CFO since 2019 and will remain an avid supporter of the Company. She will continue to work at Beam Global through the remainder of 2023 and will be available thereafter as an advisor as needed to ensure a seamless transition and the ongoing success of Beam Global. Ms. Potok brings 25 plus years of financial, operational, board and leadership experience within both public and private companies, domestic and internationally, in a variety of industries including eComm, advertising, consumer goods, biotech, medical devices and manufacturing. Ms. Potok is an active CPA, holds a Bachelor of Arts with emphasis in Accounting from Hillsdale College in Hillsdale, MI and a Master of Business Administration from The Paul Merage School of Business, University of California, Irvine. Announcement • Dec 05
Beam Global Appoints Judy Krandel as Board of Directors Beam Global announced that Judy Krandel has joined the Beam Global board of directors. Ms. Krandel joins Beam Global’s board as an independent board member and Chair of the Audit Committee, with an impressive track record in strategic planning and financial leadership. She brings more than 20 years of experience in asset management, investment, operations, financial reporting and oversight, as well as formal accounting expertise. She has successfully leveraged new technologies to drive company growth while building public market capitalization and enterprise value. Additionally, Ms. Krandel has been responsible for developing strategies for capital allocation, internal growth and M&A. Ms. Krandel’s previous board membership experience includes public companies: Lincoln 1st Bancorp, Cynergistek and Snap Interactive. She was portfolio manager at Juniper Investment Co, Alpine Woods and First New York Securities and has held CFO positions at public and private companies including Recruiter.com and Paltalk Inc. Ms. Krandel is an active investor and has held a position in Beam Global since June 2024. Ms. Krandel holds a Bachelor of Science in Finance from the Wharton School and a Master of Business Administration from the University of Chicago Booth School of Business. Price Target Changed • Nov 17
Price target decreased by 12% to US$21.17 Down from US$24.17, the current price target is an average from 6 analysts. New target price is 243% above last closing price of US$6.18. Stock is down 64% over the past year. The company is forecast to post a net loss per share of US$1.30 next year compared to a net loss per share of US$1.99 last year. Announcement • Nov 08
Beam Global to Report Q3, 2023 Results on Nov 14, 2023 Beam Global announced that they will report Q3, 2023 results Pre-Market on Nov 14, 2023 Announcement • Oct 25
Beam Global (NasdaqCM:BEEM) completed the acquisition of Amiga Doo Kraljevo from Ivan Tlacinac and Jelena Spasojevic. Beam Global (NasdaqCM:BEEM) entered into a binding letter of intent to acquire Amiga Doo Kraljevo from Ivan Tlacinac and Jelena Spasojevic for €10 million on June 12, 2023. At the Closing, Beam will pay to each Seller, on pro rata basis, an aggregate of €4.55 million in cash . In addition, provided that Amiga and the Sellers are not in breach of any of their obligations under the Agreements, Beam will pay to the Sellers an additional €2.45 million in cash on or before December 31, 2023 (the “ Final Cash Payment ”). In connection with the Final Cash Payment, Sellers and Beam will enter into a pledge agreement whereby Beam agrees to pledge 35% of the Shares to the Sellers as security for the Final Cash Payment. Such pledge agreement will terminate on the date when the Final Cash Payment is made to the Sellers. In addition to the cash payments at the Closing, Beam will issue to the Sellers, on pro rata basis, a certain number of shares of Beam Common Stock equal to an aggregate of €1.95 million, and (ii) on or before December 31, 2023, Beam will issue to the Sellers a certain number of shares of Beam Common Stock equal to an aggregate of €1.05 million. Such shares of Beam Common Stock will be valued at the five trading day Volume Weighted Average Price (“ VWAP ”) of Beam’s Common Stock for the five-trading day period ending on the last full trading day prior to the Closing Date. In addition, each of the Sellers are eligible to earn additional shares of Beam common stock if such Seller is providing services to Beam and Amiga meets certain revenue milestones for fiscal years 2023 and 2024. The Earnout Consideration that Sellers are eligible to receive for 2023 is equal to two times the amount of net revenue of Amiga (“Amiga Net Revenue”) that is greater than €10 million for 2023. The Earnout Consideration that Sellers are eligible to receive for 2024 is equal to (i) two times the amount of Amiga Net Revenue for 2024 that exceeds the greater of (i) €13.5 million or (ii) 135% of the Amiga Net Revenue for 2023. As on October 6, 2023 definitive agreement has been signed by Beam Global (NasdaqCM:BEEM) to acquire Amiga Doo Kraljevo. The Purchase Agreement will include a number of customary covenants and agreements concerning operation of Amiga and actions to be taken by the Sellers between the date of the LOI and the closing date. The closing of the Transaction is subject to customary conditions including, among other things: (i) satisfaction and completion of Beam due diligence of Amiga in Beam’s sole discretion; (ii) absence of a material adverse effect on Amiga’s business and assets; (iii) entry into employment agreements with certain key employees; and (iv) completion of certain ancillary transactions and other closing conditions. For each of Beam and the Sellers, the obligation to close the Transaction is also subject to the accuracy in all material respects of representations and warranties of, and compliance with covenants by, the other party as set forth in the LOI and the Purchase Agreement. Subject to the satisfaction of these conditions, the Company anticipates that the Transaction will close during the third or fourth calendar quarter of 2023, although Beam has a period of 180 days to conduct diligence following the execution of the LOI.
Beam Global (NasdaqCM:BEEM) completed the acquisition of Amiga Doo Kraljevo from Ivan Tlacinac and Jelena Spasojevic on October 24, 2023. Beam Global expects that the acquisition of Amiga which will be re-branded as Beam Europe will fast track its growth into the European market. Amiga reported over €8.5 million in revenue in 2022, generates positive cash-flows and is growing organically. Beam Global expects the acquisition to be accretive and the Company is planning for significant growth with Beam Europe’s combination of Amiga’s current business and Beam Global’s suite of clean-tech products. Announcement • Oct 01
Beam Global Launches 160 mph Wind-Rated EV ARC Sustainable EV Charging Infrastructure Products Beam Global announced its third generation EV ARC product line of solar-powered EV charging systems with a wind rating upgraded to 160 mph. EV ARC infrastructure systems are designated by the federal General Services Administration (GSA) as disaster preparedness response and recovery products due to energy security and resiliency capabilities during grid outages and natural or man-made disasters. Beam EV ARC systems are independently rated to withstand winds of 160 mph and can continue to operate in up to 9.5 feet of flooding. Each system generates, stores and delivers its own clean electricity and can be equipped with any quality brand EV charger, and an optional Emergency Power Panel which provides 120v and 240v outlets for use by first responders or other authorized users when utility power is not available. Earlier this year, EV ARC systems in Florida, Georgia and the Carolinas, which were in the direct path of Hurricane Idalia, continued to provide vital EV charging and emergency power throughout the storm. According to Climate Central U.S. data analysis, about 83% of all reported power outages from 2000-2021 can be attributed to weather-related events, with the most recent decade from 2011-2021 experiencing 64% more major power outages than the previous decade, with an estimated $150 billion-$200 billion in costs to U.S. business every year. GSA's Disaster Purchasing Program expands purchasing beyond federal agencies and allows state and local governments to buy directly from GSA Schedules to facilitate disaster preparation, response or major disaster recovery. Available now, the next gen Beam products can be purchased by local, state and federal agencies off GSA Multiple Award Schedule (MAS) Contract Number 47QSWA21D0006 which simplifies the procurement process and ensures best pricing. Major Estimate Revision • Aug 21
Consensus revenue estimates increase by 12%, EPS downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from US$57.6m to US$64.7m. EPS estimate fell from -US$1.20 to -US$1.37 per share. Electrical industry in the US expected to see average net income growth of 17% next year. Consensus price target down from US$26.00 to US$24.17. Share price fell 14% to US$8.23 over the past week. Price Target Changed • Aug 15
Price target decreased by 7.1% to US$24.17 Down from US$26.00, the current price target is an average from 6 analysts. New target price is 167% above last closing price of US$9.05. Stock is down 45% over the past year. The company is forecast to post a net loss per share of US$1.27 next year compared to a net loss per share of US$1.99 last year. Breakeven Date Change • Aug 15
No longer forecast to breakeven The 6 analysts covering Beam Global no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$35.5k in 2024. New consensus forecast suggests the company will make a loss of US$1.45m in 2025. Announcement • Aug 08
Beam Global to Report Q2, 2023 Results on Aug 14, 2023 Beam Global announced that they will report Q2, 2023 results on Aug 14, 2023 Breakeven Date Change • Jul 20
Forecast breakeven date moved forward to 2024 The 7 analysts covering Beam Global previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 34% to 2023. The company is expected to make a profit of US$308.0k in 2024. Average annual earnings growth of 71% is required to achieve expected profit on schedule. Announcement • Jul 12
Beam Global, Annual General Meeting, Aug 24, 2023 Beam Global, Annual General Meeting, Aug 24, 2023, at 09:00 Pacific Standard Time. Location: 5660 Eastgate Drive San Diego California United States Agenda: To elect three directors to the Board of Directors to serve until the next Annual Meeting of Stockholders or until their successors have been duly elected or appointed and qualified; to approve, on a nonbinding advisory basis, the compensation of the named executive officers; to ratify the appointment of RSM US LLP as the independent registered public accountants for the fiscal year ending December 31, 2023; and to transact such other business that may properly come before the Annual Meeting or any adjournment or postponement thereof. Board Change • Jul 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. Independent Director Peter Davidson was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Jun 22
Forecast breakeven date pushed back to 2025 The 7 analysts covering Beam Global previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 81% per year to 2024. The company is expected to make a profit of US$9.42m in 2025. Average annual earnings growth of 70% is required to achieve expected profit on schedule. Breakeven Date Change • Jun 11
Forecast breakeven date moved forward to 2024 The 7 analysts covering Beam Global previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 29% to 2023. The company is expected to make a profit of US$823.0k in 2024. Average annual earnings growth of 71% is required to achieve expected profit on schedule. Announcement • Jun 07
Beam Global Announces Resignation of Nancy Floyd as Member of the Board of Directors and Member of the Audit, Compensation and Nominating and Governance Committees Beam Global On June 2, 2023, Nancy Floyd, a member of the Company’s Board of Directors (the “Board”) and member of the Audit, Compensation and Nominating and Governance committees of the Board, informed the Company that she would be resigning as a director of the Board for personal reasons effective as of June 30, 2023. Ms. Floyd remains an avid supporter and shareholder of the Company and her resignation from the Board did not result from any disagreement with the Company. The Company is extremely grateful for Ms. Floyd’s dedication and service to the Company. Major Estimate Revision • May 22
Consensus revenue estimates increase by 16% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from US$47.3m to US$54.7m. Forecast losses expected to reduce from -US$1.76 to -US$1.42 per share. Electrical industry in the US expected to see average net income growth of 7.8% next year. Consensus price target broadly unchanged at US$25.86. Share price rose 15% to US$11.56 over the past week. Reported Earnings • May 17
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: US$0.38 loss per share (further deteriorated from US$0.24 loss in 1Q 2022). Revenue: US$13.0m (up 245% from 1Q 2022). Net loss: US$3.83m (loss widened 68% from 1Q 2022). Revenue exceeded analyst estimates by 56%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • May 04
Beam Global to Report Q1, 2023 Results on May 15, 2023 Beam Global announced that they will report Q1, 2023 results on May 15, 2023 Price Target Changed • Apr 19
Price target decreased by 7.1% to US$26.00 Down from US$28.00, the current price target is an average from 7 analysts. New target price is 138% above last closing price of US$10.92. Stock is down 42% over the past year. The company is forecast to post a net loss per share of US$1.76 next year compared to a net loss per share of US$1.99 last year. Breakeven Date Change • Apr 08
Forecast breakeven date pushed back to 2025 The 7 analysts covering Beam Global previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 63% per year to 2024. The company is expected to make a profit of US$7.75m in 2025. Average annual earnings growth of 65% is required to achieve expected profit on schedule. Major Estimate Revision • Apr 05
Consensus EPS estimates fall by 66% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$49.4m to US$46.2m. Losses expected to increase from US$1.08 per share to US$1.79. Electrical industry in the US expected to see average net income decline 0.3% next year. Consensus price target of US$26.43 unchanged from last update. Share price fell 12% to US$14.06 over the past week. Breakeven Date Change • Apr 04
Forecast breakeven date pushed back to 2025 The 7 analysts covering Beam Global previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 63% per year to 2024. The company is expected to make a profit of US$7.75m in 2025. Average annual earnings growth of 65% is required to achieve expected profit on schedule. Reported Earnings • Mar 30
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: US$1.99 loss per share (further deteriorated from US$0.74 loss in FY 2021). Revenue: US$22.0m (up 144% from FY 2021). Net loss: US$19.7m (loss widened 198% from FY 2021). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Announcement • Feb 01
Global Announces the New ARC Mobility(TM) Trailer for Fast Transport and Relocation of EV ARC(TM) Solar-Powered EV Charging Solutions Beam Global announced the ARC Mobility™ trailer, a specialized hydraulic transport solution designed to rapidly transport and relocate off-grid EV ARC™ sustainable EV charging systems. The transport system can be purchased to more efficiently manage the placement and movement of transportable Beam EV ARC™ solar-powered charging products. The ARC Mobility™ trailer is manufactured at the Beam factory in San Diego and was designed by Beam engineers to make it fast and easy for one person to stow, transport, place, unstow, and deploy solar-powered EV ARC™ charging solutions. The transport system’s rugged steel frame is powder-coated for long-lasting durability and rust prevention with a slip-resistant, grit-surface decking for safety and ease of movement. Heavy duty suspension, self-adjusting electric brakes and tandem 10,000 lb. axles provide smooth stable transport. The trailer includes a spare wheel and mount, and comes in gooseneck or pintle hitch configurations for powerful towing options. Major Estimate Revision • Nov 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$17.7m to US$21.5m. EPS estimate fell from -US$1.02 to -US$1.54 per share. Electrical industry in the US expected to see average net income growth of 7.5% next year. Consensus price target of US$26.67 unchanged from last update. Share price rose 37% to US$16.49 over the past week. Reported Earnings • Nov 16
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: US$0.67 loss per share (further deteriorated from US$0.19 loss in 3Q 2021). Revenue: US$6.61m (up 227% from 3Q 2021). Net loss: US$6.79m (loss widened 302% from 3Q 2021). Revenue exceeded analyst estimates by 48%. Earnings per share (EPS) missed analyst estimates by 179%. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Price Target Changed • Nov 13
Price target decreased to US$26.00 Down from US$28.00, the current price target is an average from 5 analysts. New target price is 66% above last closing price of US$15.64. Stock is down 53% over the past year. The company is forecast to post a net loss per share of US$1.55 next year compared to a net loss per share of US$0.74 last year. Reported Earnings • Nov 11
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: US$0.67 loss per share (further deteriorated from US$0.19 loss in 3Q 2021). Revenue: US$6.61m (up 227% from 3Q 2021). Net loss: US$6.79m (loss widened 302% from 3Q 2021). Revenue exceeded analyst estimates by 48%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Major Estimate Revision • Nov 09
Consensus revenue estimates increase by 11% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from US$15.9m to US$17.7m. Forecast losses expected to reduce from -US$1.03 to -US$1.02 per share. Electrical industry in the US expected to see average net income growth of 4.2% next year. Consensus price target of US$26.00 unchanged from last update. Share price rose 4.3% to US$12.35 over the past week. 
