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GlobeNewsWire
15 days ago
Beam Global Announces Third Quarter 2025 Operating Results
SAN DIEGO, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), (the “Company”), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation, energy security and smart city infrastructure, today announced its third quarter results for the period ended September 30, 2025. Recent Operational Highlights ● Opened Beam Middle East offices and entered the MEA market through a joint venture with the Platinum Group in Abu Dhabi ● Deployed EV ARC™ and BeamBike™ systems in Abu Dhabi ● Deployed BeamWell™ product in Jordan for Royal Jordanian Armed Forces ● Deployed BeamBike™ product for tribal communities in the United States ● Signed reselling agreements with multiple qualified representatives in U.S. and Europe ● Granted renewal of General Services Administration (GSA) Multiple Award Schedule (MAS) contract through October 31, 2030, enabling federal, state and local governments to purchase the Company's products through the GSA MAS program ● Awarded purchasing contract by Sourcewell enabling federal, state and local government agencies, and higher education institutions across North America to easily purchase Beam Global products without the requirement for competitive bidding or RFP processes ● Granted several new valuable patents which increase barrier to entry for competition and further reinforce Beam Global's moat ● Received TUV SUD 1090-2 EXC4 Level certification at Beam Europe ● Shipped Beam Global products to Arizona, California, Colorado, Florida, Michigan, New Jersey, Nevada, Texas, Washington, Quebec, Illinois, Ontario, Alabama and internationally to Serbia, Romania, Greece, North Macedonia, Bosnia, Herzegovina, Croatia and Montenegro Financial Highlights ● 67% of Revenues from Non-Government Commercial Entities Q3 YTD '25 ● 39% of Revenues from International operations Q3 YTD '25 ● Q3 YTD '25 Gross Margin 10%.
