Beam Global
2.7400-0.11 (-3.86%)
Oct 29, 4:00:01 PM EDT · NasdaqCM · BEEM · USD
Key Stats
Market Cap
48.33MP/E (TTM)
-Basic EPS (TTM)
-1.52Dividend Yield
0%Recent Filings
8-K
Annual meeting elects directors
Beam Global's stockholders convened their 2025 Annual Meeting on October 21, 2025, with 58.38% of shares represented. They elected Desmond Wheatley, Judy Krandel, Anthony Posawatz, and George Syllantavos to the board for one-year terms, despite some withheld votes. Advisory approval passed for executive compensation, while ratification of CBIZ CPAs P.C. as auditors drew near-unanimous support. Continuity holds firm.
8-K
Q2 revenue up 12%, margins improve
Beam Global reported Q2 2025 revenues of $7.1 million, up 12% from Q1, with GAAP gross margin hitting 20%—a 4-point jump from last year—while slashing operating costs by $1.2 million. International sales surged to 37% of year-to-date revenue, fueled by a new Middle East joint venture and European expansions, including deals in Croatia and the DACH region. Debt-free with $3.4 million cash, the company eyes revenue growth from $2.5 million in defense contracts. Backlog stands at $7 million.
10-Q
Q2 FY2025 results
Beam Global's Q2 FY2025 revenues fell 52% y/y to $7.1M, with gross profit holding at $1.4M for a 20.3% margin—up 4.4 points—thanks to cost tweaks and higher international sales at 47% of total. Yet Q2 operating loss narrowed to $4.5M from $4.8M, while YTD net loss ballooned to $19.8M after a $10.8M goodwill impairment tied to stock price woes. Cash dipped to $3.4M, offset by $2.2M from stock sales; free cash flow not disclosed in the 10-Q. The Telcom acquisition closed August 2024 for $1.1M (cash/stock/earnout), adding power electronics muscle. Liquidity looks tight amid federal sales uncertainty.
8-K
Lease extended six months
Beam Global extended its San Diego headquarters lease by six months, from September 1, 2025, to February 28, 2026, with monthly payments of $71,480 including base rent and NNN charges. The landlord can terminate after November 1, 2025, with 60 days' notice. This short-term extension secures operations amid uncertainty. Relocation looms if terminated.
8-K
Beam Global launches Middle East JV
Beam Global inked a 50/50 joint venture with The Platinum Group on June 20, 2025, forming Beam Middle East LLC in Abu Dhabi to market, sell, manufacture, and distribute its sustainable EV charging and energy products across the Middle East. The venture kicks off with Beam's initial funding of ~$14,000, while Beam covers all ongoing expenses until recouped from profits, then splitting equally. This setup grants Beam a foothold in a region eyeing $75.6 billion in sustainable infrastructure by 2030, yet hinges on timely operations by December 31, 2025. Risks loom from foreign regulations and partner dynamics.
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