Loading...
01/11 03:18
Loading...
Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
The earnings call presents a mixed picture: while there are positive aspects like revenue growth potential, market expansion, and an improving gross margin excluding noncash items, there are significant concerns such as a net loss, underutilized manufacturing capacity, and vague guidance on key opportunities. The Q&A session revealed uncertainties and lack of precise timelines, which may dampen investor confidence. Given these factors, the stock price is likely to remain stable in the short term.
Revenue for Q3 2025 $5.8 million, a decrease compared to $40.9 million year-to-date September 2024. The decrease is attributed to unfavorable order timing, which is expected to improve in future quarters.
Revenue year-to-date September 2025 $19.2 million, compared to $40.9 million for the same period in 2024. The decrease is due to unfavorable order timing.
Revenue composition 67% from commercial customers in 2025 compared to 31% in 2024. International customers contributed 39% of revenues in 2025 versus 20% in 2024, showing a shift towards enterprise and international customers.
Contracted backlog as of Q3 2025 $8 million, reflecting confirmed purchase orders.
Gross profit for Q3 2025 Negative $28,000 or a 0.5% gross margin loss, compared to an 11% gross margin in Q3 2024. The loss was driven by fixed overhead allocations on reduced sales.
Gross margin year-to-date September 2025 10%, compared to 12% for the same period in 2024. Excluding noncash items, the gross margin was 22% in 2025 compared to 18% in 2024, showing a 4 percentage point improvement.
Operating expenses for Q3 2025 $4.8 million, compared to a credit of $50,000 in Q3 2024. Excluding noncash items, operating expenses improved by $1.5 million or 30% due to efficiencies in salaries, marketing, and G&A.
Total operating expenses for Q3 2025 $26.8 million, including $15.4 million in noncash expenses. Excluding noncash items, operating expenses were $11.4 million, an improvement of $1.8 million or 14% compared to Q3 2024.
Net loss for Q3 2025 $4.9 million, compared to a $1.3 million net profit in Q3 2024. Excluding noncash items, the net loss was $2.8 million, an improvement of $0.2 million or 7% compared to Q3 2024.
Year-to-date net loss as of September 2025 $7 million, compared to $5.8 million for the same period in 2024.
Cash balance at the end of September 2025 $3.3 million, compared to $3.4 million at June 30, 2025, and $4.6 million in December 2024.
Working capital balance at September 2025 $10.9 million, compared to $9.8 million at June 30, 2025, an increase of $1.1 million.
Beam Middle East: Established as a joint venture with the Platinum Group, focusing on autonomous vehicle and drone charging solutions. Demonstrated products at DRIFTx trade show, showcasing unique autonomous and off-grid charging capabilities.
BeamBike: Deployed in the U.S. and Abu Dhabi, with potential for recurring revenue.
BeamWell: Deployed with the Royal Jordanian Armed Forces for humanitarian and disaster relief, providing electricity, water, and e-mobility solutions.
Battery Solutions: Developed high-energy density batteries for drones, including submersibles, with increased energy density and lifespan.
Middle East Expansion: Opened new offices in Abu Dhabi, targeting the Middle East and Africa markets. Partnered with the Platinum Group to leverage local expertise and relationships.
European Market: Beam Europe contributed 40% of Q3 revenue and won tenders for EV ARC systems in several European cities.
Caribbean Market: Exploring opportunities for disaster preparedness solutions in hurricane-prone regions like Jamaica and Puerto Rico.
Revenue Diversification: Shifted focus from U.S. federal sales to international markets and new product lines.
Cost Efficiencies: Reduced operating expenses by $1.5 million year-over-year through efficiencies in salaries, marketing, and European operations.
Geographic Expansion: Expanded operations to the Middle East and Europe, reducing reliance on U.S. federal sales.
Product Portfolio Expansion: Introduced new products like BeamBike and BeamWell, targeting diverse applications beyond EV charging.
Revenue Decrease: The company's revenue for Q3 2025 was $5.8 million, a significant drop compared to $40.9 million year-to-date in September 2024. This was attributed to unfavorable order timing and delays in federal funding for a $3 million EV ARC order.
Gross Profit Decline: Gross profit for Q3 2025 was a negative $28,000, compared to an 11% gross margin in Q3 2024. This was driven by fixed overhead allocations on reduced sales and noncash depreciation expenses.
Net Loss Increase: The company reported a net loss of $4.9 million for Q3 2025, compared to a $1.3 million net profit in Q3 2024. Excluding noncash items, the net loss was $2.8 million, showing a slight improvement from $3 million in Q3 2024.
Cash Flow Constraints: The cash balance decreased to $3.3 million as of September 2025, down from $4.6 million in December 2024, indicating potential liquidity challenges.
Political and Regulatory Challenges: Delays in federal funding in the U.S. and political unrest in Serbia and the Balkans negatively impacted order deliveries and revenue recognition.
Dependence on Key Customers: A significant portion of revenue is tied to large orders from key customers, such as the delayed $3 million EV ARC order, making the company vulnerable to order timing and customer-specific issues.
Geopolitical Risks: Expansion into the Middle East and Africa introduces geopolitical risks, including reliance on partnerships and navigating complex regulatory environments.
Market and Competitive Pressures: The company faces competitive pressures in the EV charging and energy storage markets, with a need to differentiate through innovation and partnerships.
Economic Uncertainties: Economic conditions, including reduced federal spending on EV infrastructure in the U.S., pose challenges to revenue growth.
Revenue Growth: The company expects revenue growth in future quarters, driven by improved order timing and increased contributions from international operations, particularly in Europe and the Middle East.
Middle East Expansion: Beam Global has established a joint venture, Beam Middle East, with the Platinum Group to capitalize on opportunities in the Middle East and Africa. The company anticipates significant growth in this region due to strong local partnerships and high demand for sustainable infrastructure.
Product Portfolio Expansion: The company plans to focus on new product offerings, including BeamFlight for drones and autonomous vehicles, and BeamWell for disaster preparedness and humanitarian relief. These products are expected to open new revenue streams and recurring revenue opportunities.
Geographic Diversification: Beam Global is expanding its operations in Europe and the Middle East to reduce reliance on U.S. federal sales and capitalize on growing markets for EV charging and energy solutions.
Recurring Revenue Opportunities: The company anticipates introducing several new sources of recurring revenue in 2026, driven by expanded product offerings and geographic reach.
Backlog and Order Timing: The company has an $8 million backlog and expects delayed orders to contribute to revenue in future periods, particularly in the first half of 2026.
Cost Management: Beam Global has implemented efficiencies and cost-saving measures to reduce operating expenses while expanding its market reach and product portfolio.
The selected topic was not discussed during the call.
The earnings call presents a mixed picture: while there are positive aspects like revenue growth potential, market expansion, and an improving gross margin excluding noncash items, there are significant concerns such as a net loss, underutilized manufacturing capacity, and vague guidance on key opportunities. The Q&A session revealed uncertainties and lack of precise timelines, which may dampen investor confidence. Given these factors, the stock price is likely to remain stable in the short term.
The earnings call highlighted strong revenue growth, improved gross margins, and reduced operating expenses, which are positive indicators. The company is expanding internationally and diversifying its revenue sources. Although federal sales are down, the focus on commercial and international markets compensates for this. The Q&A section revealed some uncertainties, but the overall sentiment remains positive due to strategic expansions and product interest. The stock price is likely to see a positive movement in the next two weeks.
The earnings call presents a negative outlook due to several factors: significant revenue decline, goodwill impairment, net loss, and cash flow concerns. The Q&A reveals enthusiasm for product diversification, but lacks clarity on future margin improvements. The cessation of federal orders and tariff impacts further exacerbate the negative sentiment. Despite some positive sales growth and margin targets, the financial health and strategic uncertainties lead to a negative rating.
The earnings call summary presents a concerning financial situation with declining revenue, increased net loss, and cash flow issues. Despite management's optimistic outlook for future growth and new products, the Q&A reveals uncertainties in timelines and supply chain challenges. The goodwill impairment and competitive pressures further contribute to a negative sentiment. The lack of clear guidance and current financial struggles suggest a likely negative impact on the stock price over the next two weeks.
All transcripts are sourced directly from the official live webcast or the company’s official investor relations website. We use the exact words spoken during the call with no paraphrasing of the core discussion.
Full verbatim transcripts are typically published within 4–12 hours after the call ends. Same-day availability is guaranteed for all S&P 500 and most mid-cap companies.
No material content is ever changed or summarized in the “Full Transcript” section. We only correct obvious spoken typos (e.g., “um”, “ah”, repeated 10 times”, or clear misspoken ticker symbols) and add speaker names/titles for readability. Every substantive sentence remains 100% as spoken.
When audio quality is poor or multiple speakers talk over each other, we mark the section instead of guessing. This ensures complete accuracy rather than introducing potential errors.
They are generated by a specialized financial-language model trained exclusively on 15+ years of earnings transcripts. The model extracts financial figures, guidance, and tone with 97%+ accuracy and is regularly validated against human analysts. The full raw transcript always remains available for verification.
