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Beam Global
BEEM

$6.2
9.78%
 

About: Beam Global produces sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, and costs of grid-tied solutions. Its products are founded upon its patented EV ARC and Solar Treelines and include BeamTrak patented solar tracking, and ARC Technology energy storage, along with EV charging, outdoor media, and disaster preparedness packages. From start to finish, the company develops, patents, designs, engineers, and manufactures renewably energized products that help the environment, empower communities, and keep people moving.

Employees: 131

0
Funds holding %
of 6,474 funds
Analysts bullish %
0
News positive %
of 9 articles

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

15% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 13

2.37% less ownership

Funds ownership: 22.39% [Q3] → 20.02% (-2.37%) [Q4]

3% less funds holding

Funds holding: 65 [Q3] → 63 (-2) [Q4]

12% less capital invested

Capital invested by funds: $23M [Q3] → $20.2M (-$2.85M) [Q4]

14% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 14

52% less call options, than puts

Call options by funds: $296K | Put options by funds: $613K

Research analyst outlook

We haven’t received any recent analyst ratings for BEEM.

Financial journalist opinion

Based on 9 articles about BEEM published over the past 30 days

Neutral
GlobeNewsWire
22 hours ago
Beam Global Reports Record Year End 2023 Operating Results
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 “The Beam Team delivered a tripling of revenues, positive and significantly improved gross profits, significantly reduced operating costs as a percentage of revenues, a tangible path to cash flow, and growing pipeline and healthy backlog,” said Desmond Wheatley, CEO of Beam Global.
Beam Global Reports Record Year End 2023 Operating Results