Business
Beam Global Reports Fiscal Q2 2021 Financial Results
Conference Call Today at 4:30 PM ET SAN DIEGO, Aug. 12, 2021 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW) (“Beam” or “the Company”), the leading
About this update from Beam Global
[{"type":"text","content":"Conference Call Today at 4:30 PM ET\nSAN DIEGO, Aug. 12, 2021 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW) (“Beam” or “the Company”), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, today announced financial results for the second quarter ended June 30, 2021. Second Quarter and Recent Company Highlights Recorded the highest second quarter revenue in the company’s history.Received largest single order from California’s Department of General Services for 52 systems.Experienced an increase in orders from the GSA and California contracts and an increase in multi-unit orders.Grew sales pipeline by 50% from $50M to $75M.Executed deployments and orders during Q2 2021 for California, Wisconsin, Georgia, Hawaii, New Mexico, New York, Pennsylvania, South Carolina, Tennessee, Washington.Increased engagement and pipeline activity with utility and commercial real estate industries.Sets a world record for the longest flight in a production electric aircraft, powered only by sunshine.The EV ARCTM’s Transportable EV charging was featured for military and civilian use at the 2021 Electric Mobility Symposium at the Marine Corps Air Station Miramar in San Diego. Beam Global was added to the Russell 2000® Index.Beam Global presented virtually at the LD Micro Invitational XI event. It was featured as a Hall of Fame Top 50 performer, selected out of more than 2,000 companies. Negotiated into CEC’s Clean Transportation Program – Up to $200 million in potential EVSE funding.Granted entrance into CARB’s Carl Moyer Grant Program for EVSE - $60 million in annual funding.Issued a further patent in China for EV ARCTM. “Q2 of 2021 saw a record number of Beam deliveries, record revenue, record pipeline, our largest order to date and many other powerful indicators that our strategy and execution is working,” said Beam CEO Desmond Wheatley. “Funding and interest activity at every level of government and also in the corporate enterprise arena is increasing and accelerating as it relates to Beam’s products. We are seeing larger orders and more of them and for all the reasons that we have built our business around. People want and need rapidly deployed, scalable, lowest TCO and highly resilient EV charging and emergency power infrastructure and our products deliver those att...