Beam Global ( (BEEM) ) has released its Q1 earnings. Here is a breakdown of the information Beam Global presented to its investors.
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Beam Global, a leading innovator in sustainable infrastructure solutions for transportation electrification and energy security, has reported its first quarter 2025 financial results. The company operates in the clean technology sector, focusing on scalable EV charging solutions and energy storage, with a presence in the U.S. and Europe.
In the first quarter of 2025, Beam Global experienced a notable 41% increase in commercial revenues compared to the same period in 2024. The company maintained a positive GAAP gross margin of 8% and an adjusted non-GAAP gross margin of 21%. Despite a net cash usage of $1.8 million in operations, Beam Global remains debt-free with a $100 million line of credit available.
Key highlights from the quarter include the shipment of various infrastructure solutions across multiple U.S. states and international markets, achieving CE certification for its EV ARC™ product, and expanding its European sales network. The company also entered the Middle Eastern market and launched a new partnership with Zero Motorcycles. However, Beam Global reported a net loss of $15.5 million, largely due to non-cash expenses such as goodwill impairment.
Looking ahead, Beam Global’s management remains optimistic about future growth, citing strong international expansion efforts and innovative product developments. The company believes it has laid a solid foundation for growth, despite challenges in the U.S. market, and anticipates improved revenue and gross margins in upcoming quarters.