Nasdaq - BEEM - BEEM GLOBAL Sustainable Products for Clean Mobility

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Sustainable EV Charging Infrastructure, Fastest to Deploy | Beam Global

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Fa questi prodottini interessanti, vi metto questo grafico mensile
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questo è un titolo che piacerebbe al Chav....
 
Beam Global Shipped and Deployed Record Number of EV ARC™ Sustainable EV Charging Systems in November 2022 | Beam

SAN DIEGO – December 7, 2022Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, announced that it shipped and deployed a record number of sustainable EV ARC™ EV charging systems in the month of November, higher than any other month in company history.

ARC Mobility™ trailer used for transporting EV ARC™ systems
ARC Mobility™ trailer used for transporting EV ARC™ systems
Beam Global is expanding its fleet of deployment personnel and vehicles, including its new ARC Mobility™ trailer, a specialized hydraulic transportation solution which enables the rapid deployment or relocation of off-grid EV ARC™ systems by a single operator. The Company has implemented recent upgrades and expanded fabrication and assembly to increase output. The acquisition of battery manufacturer AllCell Technologies de-risks the supply chain for key battery storage which is essential to Beam Global’s product portfolio.

“Sales of our products are at all-time record highs and our ramp-up in production and operational capacity is well under way,” said Beam Global CEO Desmond Wheatley. “The accelerating urgency for EV charging infrastructure combined with the need for robust, off-grid solutions is driving significant growth in demand for our products, and our operations teams are taking the necessary steps to execute on this increasing demand. We have a great deal of operating leverage and the ability to continue to expand our output dramatically without an equivalent level of further investment.”

Solar-powered EV ARC™ electric vehicle charging infrastructure products are rapidly deployed with no digging, no construction and no electrical work. Off-grid and 100% solar-powered, EV ARC™ systems generate and store their own clean electricity and deliver that energy to up to six EV chargers capable of charging six vehicles simultaneously. The customer can choose any quality brand charger that works for their organization or use case, which is pre-installed on the EV ARC™ at the Beam factory and arrives at the customer site ready to charge EVs.
 
Come possessore di 2 EV sono attratto da simili tecnologie e francamente devo dire che sembra un ottimo prodotto e se son rose
 
Graficamente non mi sembra bellissima, però mi piace il prodotto, dentro a 14,87 e aspetto la trimestrale

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dimenticavo, ha chiuso il gap di novembre a 13,33
 
Beam Global Secures $100 Million Credit Facility

Beam Global
Thu, March 23, 2023 at 1:00 PM GMT+1·4 min read
In this article:

Non-Dilutive Credit Facility Will Provide Enhanced Flexibility for Recently Announced $62 Million in Purchase Orders

SAN DIEGO, March 23, 2023 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, announced the execution of a line of credit with supply chain solutions specialist, OCI Group, based in London, UK. OCI is highly experienced in accelerating business performance for high-growth-potential organizations. The credit facility is non-dilutive and inexpensive, priced at SOFR (Secured Overnight Financing Rate) plus 300 basis points. Beam Global intends to use the funds to provide working capital to support the Company’s rapid growth in product orders and deliveries.

“In Q4 of 2022 we announced contracted orders for more EV ARC systems than we have produced in the entire history of the product,” said Desmond Wheatley, Beam Global CEO. “We are growing very rapidly and we currently see no end to this trend. We have a history of being very disciplined with cash and equity which is why we have worked so hard to access funding which is neither expensive nor dilutive. This credit line gives us an additional layer of financial flexibility which will allow us to aggressively grow without taking on long-term debt or diluting our shareholders. Having a top-quality European fund involved in our growth fits well with our strategy of international expansion.”

Beam Global reported revenues of $6.2M in 2020, $9.0M in 2021 and $14.1M for the first 9 months of 2022. The Company announced over $62M of firm orders at the beginning of Q4 2022. Beam Global currently has no debt and approximately 10 million shares outstanding.

“OCI seeks industry leading companies with seasoned management teams and relevant, sustainable products serving high quality customers,” said Oliver Chapman, OCI Group CEO. “Beam Global ticks all the boxes and we are particularly intrigued by their plans to expand into the European market – the largest automotive market in the world. Beam Global’s unique and patented technology coupled with an impeccable customer base gives us confidence in their strategy and execution. This vital combination means that we can offer the Company a material credit facility at very competitive rates. We look forward to doing much more with the Company as they continue to execute and grow.”

The facility is a five year agreement and is effective and active immediately, as per transaction documents. There is no minimum use requirement and OCI and Beam Global have agreed that the $100M cap can be increased if needed.
 
SAN DIEGO, 23 marzo 2023 (GLOBE NEWSWIRE) -- Beam Global (Sustainable EV Charging Infrastructure, Fastest to Deploy | Beam Global), (Nasdaqhttps://www.BEEM com/Tracker?data=QoCT2ecPKFDfR3SIYG25LiPbxVIMyg93pwSIUO7vapktNi4PZl21HrO9kJ63R9C_1Kf1gNFCcqccDSkjNffLoQ==), BEEMW), fornitore leader di prodotti e tecnologie innovativi e sostenibili per la ricarica di veicoli elettrici (EV), lo stoccaggio di energia, la sicurezza energetica e i media esterni, ha annunciato l'esecuzione di una linea di credito con fornitura specialista in soluzioni di catena, OCI Group, con sede a Londra, Regno Unito. OCI ha una grande esperienza nell'accelerare le prestazioni aziendali per le organizzazioni ad alto potenziale di crescita. La linea di credito è non diluitiva e poco costosa, al prezzo di SOFR (Secured Overnight Financing Rate) più 300 punti base. Beam Global intende utilizzare i fondi per fornire capitale circolante per supportare la rapida crescita della Società negli ordini e nelle consegne dei prodotti.

"Nel quarto trimestre del 2022 abbiamo annunciato ordini per più sistemi EV ARC di quanti ne abbiamo prodotti nell'intera storia del prodotto", ha affermato Desmond Wheatley, CEO di Beam Global. “Stiamo crescendo molto rapidamente e attualmente non vediamo la fine di questa tendenza. Abbiamo una storia di essere molto disciplinati con liquidità ed equità, motivo per cui abbiamo lavorato così duramente per accedere a finanziamenti che non sono né costosi né diluitivi. Questa linea di credito ci offre un ulteriore livello di flessibilità finanziaria che ci consentirà di crescere in modo aggressivo senza assumerci debiti a lungo termine o diluire i nostri azionisti. Avere un fondo europeo di alta qualità coinvolto nella nostra crescita si adatta bene alla nostra strategia di espansione internazionale”.

Beam Global ha registrato ricavi per $ 6,2 milioni nel 2020, $ 9,0 milioni nel 2021 e $ 14,1 milioni per i primi 9 mesi del 2022. La Società ha annunciato oltre $ 62 milioni di ordini fermi all'inizio del quarto trimestre 2022. Beam Global attualmente non ha debiti e circa 10 milioni di azioni in circolazione.

"OCI cerca aziende leader del settore con team di gestione esperti e prodotti pertinenti e sostenibili al servizio di clienti di alta qualità", ha affermato Oliver Chapman, CEO di OCI Group. “Beam Global soddisfa tutte le aspettative e siamo particolarmente incuriositi dai loro piani di espansione nel mercato europeo, il più grande mercato automobilistico del mondo. La tecnologia unica e brevettata di Beam Global unita a una base di clienti impeccabile ci dà fiducia nella loro strategia ed esecuzione. Questa combinazione vitale ci consente di offrire alla Società un'agevolazione di credito materiale a tassi molto competitivi.

Non vediamo l'ora di fare molto di più con l'azienda mentre continuano a eseguire e crescere ".

La struttura è un accordo quinquennale ed è efficace e attiva immediatamente, come da documenti di transazione. Non esiste un requisito minimo di utilizzo e OCI e Beam Global hanno concordato che il limite di $ 100 milioni può essere aumentato se necessario.
 
Oggi ha dato un bel segnale in vista della trimestrale, c'è qualcun altro a farmi compagnia?
 
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Questa sera la trimestrale, andiamo a vedere
 
Beam Global Reports Fourth Quarter and Full Year 2022 Financial Results

Beam Global Reports Fourth Quarter and Full Year 2022 Financial Results​

Conference Call Wednesday March 29, 2023 at 4:30 p.m. ET​

March 29, 2023 16:01 ET | Source: Beam Global Follow

SAN DIEGO, March 29, 2023 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), (the “Company”), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, today announced financial results for the year ended December 31, 2022.

2022 and Recent Company Highlights
  • Record full year revenues of $22 million, 144% year over year increase
  • Record Q4 revenues of $7.9 million, 126% year over year increase
  • Record annual orders of $76 million, 548% year over year increase
  • Record full year EV ARC™ system production, 105% year over year increase
  • Record Q4 EV ARC™ system production, 115% year over year increase
  • Orders from commercial sector grew 1190% year over year
  • Orders from government sector grew 489% year over year
  • Secured $100 million credit facility through London based OCI Group
  • Acquired All Cell Technologies to secure vital battery supply, reduce costs, increase revenues and barrier to entry
  • Received largest order in company history, $29.4 million for the U.S. Army
  • Received second largest order in company history, $11.7 million order for the U.S. Department of Veterans Affairs
  • Received third largest order in company history, $5.3 million order for New York City
  • Received $8.1M in energy storage solutions orders across micro-mobility, aviation, marine and industrial sectors
  • Awarded Federal Blanket Purchase Agreement (BPA) for Electric Vehicle Charging Infrastructure
  • Awarded follow-on State of California Contract for 2022 – 2025 for rapidly deployed sustainable EV charging infrastructure products
  • Received record orders through California and Federal contracts from extensions to other government entities
  • Patents issued in China and India for Thermal Management Technology that makes lithium-ion batteries safer
“Beam Global has moved to an entirely new level. Triple digit growth in sales and a pipeline that shows a continuation of this trend; triple digit growth in production and lots of room to grow; no debt and available cash to fund our growth; entirely new opportunities through our energy storage products and a doubling of our patent portfolio; plans to expand to Europe and other regions; and continued balance sheet and equity discipline making us one of the tightest and least diluted public companies I know of,” said Desmond Wheatley, CEO of Beam Global. “The sales, engineering and operations teams at Beam Global are firing on all cylinders and determined to show how much more we can do. We are managing costs and improving our gross profitability while still in an inflationary cycle. The better we get at this in the United States, the better I feel about our international expansion, especially now that we have the OCI Group in London as a powerful ally.”
Fourth Quarter and Year-End 2022 Financial Summary
Revenues

For the fourth quarter of 2022, Beam Global reported record revenues of $7.9 million, a 126% increase over the same period in 2021. Full year revenues for 2022 were a record of $22.0 million, a 144% increase over 2021. The increase in revenues resulted from growth in Federal, state and local government agencies which accounted for 65% of our revenues, and from commercial entities which accounted for 35% of our revenues. In addition, we generated revenues of $5.2 million from our new energy storage sales.
Gross Loss
Gross loss for the quarter ended December 31, 2022 was $0.7 million, or 9% of sales, compared to $0.3 million, or 10% of sales in the same quarter of the prior year. Gross loss for the year ended December 31, 2022 was $1.7 million, or 8% of sales, compared to $1.0 million, or 11% of sales in the same period of the prior year, a 3% improvement. As a percentage of sales, the gross loss is improving in spite of our direct costs including $0.8 million of non-cash intangible amortization related to purchased assets from the All Cell acquisition and increases in material costs for steel and other components due to supply chain shortages and other inflationary pressures. Improvements in gross profitability are primarily due to increased production levels resulting in favorable fixed overhead absorption, improved labor efficiency and engineering improvements.
Operating Expenses
Operating Expenses were $7.1 million for the fourth quarter of 2022, compared to $1.7 million for the same period in the prior year. Operating expenses for the year ended December 31, 2022 were $18.0 million compared to $5.6 million for the same period in the prior year. The increases were primarily due to a $5.5M non-cash increase in the fair value of contingent consideration related to the All Cell acquisition, $3.4 million for the addition of All Cell expenses, $1.6 million for non-cash share-based compensation, $0.7 million for employee compensation, $0.6 million for legal and accounting expenses primarily related to the acquisition and $0.5 million for sales and marketing costs to support sales growth.
Cash and Working Capital
At December 31, 2022, we had cash of $1.7 million, compared to $21.9 million at December 31, 2021. The cash decrease was primarily from increases in inventory and prepayments to vendors to secure battery cells for production as well as cash components of the net loss. Our working capital decreased from $24.6 million to $6.8 million from December 31, 2021 to December 31, 2022. The decrease in working capital includes a $6.7 million increase in current liabilities for the change in fair value of contingent consideration related to the All Cell acquisition. When subtracting this non-cash current liability, our working capital is $13.5 million.
Conference Call Today at 4:30 PM ET
Management will host a conference call on Wednesday March 29, 2023 at 4:30 PM ET to review financial results and provide an update on corporate developments. Following management’s formal remarks, there will be a question-and-answer session.
Participants can register for the conference through the following link:
https://dpregister.com/sreg/10176878/f8b7d92e02
Please note that registered participants will receive their dial in number upon registration.
Those without internet access or unable to pre-register may dial in by calling:
PARTICIPANT DIAL IN (TOLL FREE): 1-844-739-3880
PARTICIPANT INTERNATIONAL DIAL IN: 1-412-317-5716
Please ask to be joined into the Beam Global call.
A webcast archive is available for 3 months following the call at the following URL: https://event.choruscall.com/mediaframe/webcast.html?webcastid=3jAvJPLo
About Beam
 
H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Beam Global (BEEMResearch Report) today and set a price target of $30.00. The company’s shares closed yesterday at $14.4




According to TipRanks, Dayal is a top 100 analyst with an average return of 39.2% and a 41.68% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Broadwind Energy, Ceco Environmental, and Lsi Industries.





Beam Global has an analyst consensus of Strong Buy, with a price target consensus of $31.67.
 

Maxim Group Remains a Buy on Beam Global (BEEM)​

Jason Carr
Maxim Group analyst Tate Sullivan maintained a Buy rating on Beam Global (BEEMResearch Report) yesterday and set a price target of $40.00. The company’s shares closed yesterday at $14.83.

i target di questi analisti mi lasciano perplesso mi sembrano un po’ troppo ottimistici, al di là che dare un buy su un titolo che ha un upside del 166% mi sembra anche poco
 
Il Gap aperto a causa dei buoni dati della trimestrale oggi è stato abbondantemente chiuso, dentro a 9,89 come primo acquisto, andrò a mediare in caso di ulteriore discesa

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