BEEM News & Events

Reports Q1 revenue $3.1M vs. $6.3M last year. "While first quarter revenues were impacted largely by order timing and also as a result of a typically slow period in our European operations and, we believe, the war in the Middle East, our backlog grew 50% in the quarter to $9 million and we believe that the first half of '26 will demonstrate that our diversification strategy is working." said Desmond Wheatley, CEO of Beam Global. "Setting up for first-half backlog and revenue growth, we made our first public EV charging infrastructure sale in Abu Dhabi; our European operations posted a couple of record weekly order volumes; we launched patented autonomous wireless vehicle charging at a time when global autonomous vehicle use is growing at record rates; we won more drone battery contracts; we expanded our product footprint in Europe, and perhaps most tellingly, our Q2 revenue to date is already greater than our full first quarter results. We continue to diversify our revenue opportunities with geographic expansion and new products addressing drones, energy security, smart cities infrastructure and even top-secret weapons systems. While EV charging infrastructure, which is only one piece of our diverse product portfolio and revenue mix, is slower in the US, we are seeing increasing demand globally and we believe that the federal government will return to EV infrastructure investment as the global automotive industry electrifies, regardless of short-term U.S. policy. Beam Global's rapidly deployable, off-grid solutions will only become more relevant as urgency for infrastructure increases. We continue to be financially disciplined, being debt free, keeping our operating costs in order, improving our unit economics and creating significant geographic and portfolio expansion without significant capital expenditures."

Beam Global announced that it has been granted a new patent by the United States Patent and Trademark Office for its integrated wind and solar power generation system. The patent (U.S. Patent No. 12,573,851), titled "Electric Vehicle Charging System with Down-Sun Wind Turbine," covers Beam Global's proprietary tracking technology that enables optimal solar and wind energy capture in hybrid solar-wind systems without reduction in generation caused by interference from the wind turbine or solar array. The solution is also covered by a Chinese patent, further strengthening the Company's global intellectual property portfolio and protecting its differentiated product offerings across key international markets.

Beam Global announced the deployment of ten EV ARC off-grid, solar-powered electric vehicle - or EV - charging systems and an ARC Mobility trailer for Stanislaus County, California. The systems will be deployed to support charging for the County's EV fleet. The EV ARC systems provide deployable EV charging infrastructure without the need for construction, trenching, or utility grid connection. Each unit generates and stores its own electricity, delivering renewable energy for fleet operations while reducing emissions and protecting against grid outages. The systems were purchased using Congestion Mitigation and Air Quality Program funds administered by the Federal Highway Administration. Stanislaus County utilized Beam Global's Sourcewell cooperative purchasing contract to streamline procurement.