Beam Global (NASDAQ:BEEM) Issues Quarterly Earnings Results

Beam Global (NASDAQ:BEEM) announced its quarterly earnings data on Wednesday. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06, FiscalAI reports. Beam Global had a negative return on equity of 73.50% and a negative net margin of 73.22%.The company had revenue of $8.56 million during the quarter, compared to the consensus estimate of $8.19 million.

Here are the key takeaways from Beam Global’s conference call:

• Revenue rebounded sharply to $8.6 million in Q2, up 21% year over year and 174% sequentially, as the company converted backlog into shipments. Ending backlog was $5.4 million.
• Beam is expanding beyond EV infrastructure into specialized batteries and charging systems for drones, robotics, defense applications, wildfire detection, and AI data centers. Management cited more than $500,000 of battery orders in a single week and several new patents, but did not disclose segment-level revenue.
• The company remains debt-free with an unused $100 million credit facility and expects substantial cost savings from moving manufacturing to Yuma, Arizona, including roughly $2.7 million in lease savings over five years, lower labor costs, and greater in-house production.
• Despite improved GAAP results, adjusted gross margin declined year over year to 26.2% from 29.6%, and adjusted net loss widened to approximately $2.0 million from $1.8 million. First-half results also included a $1.1 million non-cash provision for potential credit losses tied to one customer balance.
• European sales and procurement opportunities are growing, while Middle East prospects remain delayed by regional conflict. Management expressed confidence in future large orders and recurring sponsorship revenue but provided no specific timing or financial targets.

Beam Global Stock Performance

Shares of Beam Global stock opened at $1.21 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.47 and a quick ratio of 0.67. The firm has a market cap of $26.86 million, a P/E ratio of -1.26 and a beta of 1.43. The firm has a 50 day simple moving average of $1.17 and a 200 day simple moving average of $1.41. Beam Global has a fifty-two week low of $0.97 and a fifty-two week high of $4.04.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BEEM shares. Wall Street Zen lowered shares of Beam Global from a “sell” rating to a “strong sell” rating in a research report on Sunday. Zacks Research downgraded Beam Global from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 29th. Freedom Capital raised Beam Global from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Finally, Weiss Ratings lowered Beam Global from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BEEM. Virtue Capital Management LLC increased its stake in shares of Beam Global by 1,339.7% in the 4th quarter. Virtue Capital Management LLC now owns 50,000 shares of the company’s stock valued at $81,000 after buying an additional 46,527 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Beam Global during the fourth quarter valued at $61,000. State Street Corp boosted its holdings in Beam Global by 17.6% in the fourth quarter. State Street Corp now owns 58,228 shares of the company’s stock valued at $87,000 after acquiring an additional 8,700 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Beam Global by 268.0% in the fourth quarter. Renaissance Technologies LLC now owns 124,000 shares of the company’s stock valued at $186,000 after acquiring an additional 90,300 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new stake in Beam Global in the third quarter worth about $102,000. Institutional investors and hedge funds own 26.59% of the company’s stock.

Beam Global Company Profile

Beam Global (NASDAQ:BEEM) is a developer of solar-powered infrastructure solutions designed to support the transition to clean energy and electric transportation. Headquartered in California, the company specializes in producing off-grid EV charging units, solar canopy systems and energy storage solutions that can be rapidly deployed in urban, rural and remote environments. By integrating photovoltaic panels with battery storage and charging hardware, Beam Global’s products aim to reduce reliance on grid power and lower carbon emissions at charging locations.

The company’s flagship product, EV ARC, is a standalone, solar-powered electric vehicle fast-charging kiosk that requires no construction, trenching or utility upgrades.