Beam Global: The Next Big Thing in EV Charging!

Ladies and Gentlemen, buckle up! Beam Global is about to drop its 2024 operating results, and you won’t want to miss this! The company, known for its innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, is set to release its financials on Friday, April 11, 2025, after the market closes. And get this—there’s a conference call scheduled for 4:30 p.m. ET, where management will spill the beans on their corporate developments and financial performance. You need to be there!

First things first, let’s talk about the numbers. Beam Global’s stock has had a rollercoaster ride over the past few years. The all-time high was a whopping $73.78 on December 31, 2020, but it’s been a bumpy road since then. As of April 4, 2025, the stock closed at $1.79. That’s a 329.1% drop from its 52-week high of $7.68. But don’t let that scare you—this could be the perfect buying opportunity!

Now, let’s dive into the financials. Beam Global’s 2024 operating results show a mixed performance compared to previous years. For the third quarter of 2024, revenues were $11.5 million, which was the second highest third quarter revenues in history but decreased 22% from the second quarter of 2024. This decrease in revenue is attributed to order timing, uncertainty in the U.S. government’s zero emission vehicle strategy related to the presidential election, and evolving certification requirements for energy storage systems. Despite this, 47.9% of the revenue in the third quarter was derived from commercial customers, an increase of over 80% compared to the same period in 2023.

The gross profit for the third quarter of 2024 was $1.2 million, or 10.7% of sales, compared to a gross margin of 1.7% of sales for the same period in 2023. This represents a 9 percentage point improvement in gross margin. For the nine months ended September 30, 2024, the gross profit was $5.1 million, or 12.0% of sales, compared to a gross profit of $0.8 million, or 2.0% of sales in 2023. The nine-month gross profits included a negative impact of $2.8 million for non-cash depreciation and intangible amortization. The gross profits net of non-cash items was 18.3%.

Operating expenses for the third quarter of 2024 were a credit of $50 thousand, or (0.4%) of revenues, compared to $4.0 million, or 24% of revenues, for the same period in 2023. This significant reduction in operating expenses indicates improved cost management and operational efficiency.

Insights drawn from these trends include:
1. Revenue Diversification: The increase in revenue from commercial customers suggests a successful diversification strategy, reducing reliance on single large orders from federal agencies.
2. Improved Margins: The significant improvement in gross margins indicates successful cost management and operational efficiencies, which are expected to continue as material pricing improves and engineering changes are implemented.
3. Operational Efficiency: The reduction in operating expenses shows effective cost management, which is crucial for maintaining profitability in a competitive market.

Overall, while revenue fluctuations are noted, the improvements in profit margins and operational expenses suggest a positive trajectory for Beam Global's financial performance.



Now, let’s talk about the strategic initiatives and acquisitions that Beam Global has implemented to drive future growth and improve margins. One of the key acquisitions was the acquisition of Telcom, which provided Beam Global with in-house production capabilities for power electronics. This acquisition is expected to drive additional future margins by bringing manufacturing in-house, which can reduce costs and improve production efficiencies.

Additionally, Beam Global has launched four new products: BeamSpot™, BeamBike™, BeamPatrol™, and BeamWell™. These new products have shown promising momentum, with the first purchase of BeamSpot™ occurring within just five weeks of its launch. This indicates that the company's product innovation strategy is effective in attracting new customers and expanding its market reach.

Beam Global has also expanded its geographic footprint by entering new markets, such as Europe. The company delivered 10 UK Ministry of Defense EV ARC™ systems in Q3 2024, marking its first European order. This geographic expansion is expected to drive future growth by tapping into new customer bases and reducing reliance on single large orders from federal agencies.

Furthermore, Beam Global has introduced the Beam Reseller Program and signed its first four partners, generating purchase orders and promising proposals. This program is expected to expand the company's reach and drive future growth by leveraging the expertise and networks of its reseller partners.

Overall, these strategic initiatives and acquisitions have shown promising results so far, with improved gross margins, increased revenue from commercial customers, and a record pipeline of over $200 million. However, the company's revenue decreased 22% from the second quarter of 2024 to the third quarter of 2024, which the company attributes to order timing, uncertainty in the U.S. government's zero emission vehicle strategy, and evolving certification requirements for energy storage systems. Despite this setback, Beam Global remains optimistic about its future growth prospects and expects to return to increasing revenues in 2025 with significantly improved profit margins.

So, what’s the bottom line? Beam Global is a company on the move, with a strong focus on innovation, cost management, and geographic expansion. The upcoming conference call on April 11, 2025, at 4:30 p.m. ET is a must-attend event for anyone interested in the future of electric vehicle charging and energy security. Don’t miss out on this opportunity to hear directly from the company’s management about their plans for growth and profitability. This is a no-brainer—BUY NOW!