Beam Global Announces Second Quarter 2025 Operating Results

About this update from Beam Global

SAN DIEGO, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), (the “Company”), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation, energy security and smart city infrastructure, today announced its second quarter results for the period ended June 30, 2025. Financial Highlights Recent Operational Highlights “The second quarter of 2025 was a quarter in which Beam Global successfully executed on another very significant expansion of our global market presence through the creation of Beam Middle East. It was also a quarter in which we returned to revenue growth and generated the best GAAP Gross Margin in our history. We are creating a global platform from which to sell and manufacture our highly relevant and increasingly important portfolio of products while remaining laser focused on financial discipline,” said Desmond Wheatley, CEO of Beam Global. “We shipped EV ARCs and other Beam products to 13 states in the US and to multiple countries in Europe. We grew our energy storage systems business with both commercial and military customers. We added several new contracted reselling relationships in Europe. And we made our European operations far more efficient through continuing to add lean manufacturing processes and through the installation of solar generation on our factory buildings to support our operations in a green and sustainable manner while saving a great deal of money on utility bills. We did all of this while remaining debt free, reducing our operating costs, maintaining sufficient cash and operating capital, and improving almost every other aspect of our operations.” Revenues For the quarter ended June 30, 2025, Beam Global’s revenues were $7.1 million, increasing 12% over the first quarter. For the six months ending June 30, 2025, 60% of revenues were derived from commercial customers compared to 24% in the same period in 2024. International customers comprised 37% of revenues as of the six months ending June 30, 2025, compared to 15% for the same period ended 2024. Gross Profit Gross profit for the quarter ended June 30, 2025 was $1.4 million, or 20% gross margin. This reflects an improvement of 4 percentage points compared to same period in 2024. The gross profit includes a non-cash negative impact of $0.7 million for depreciation and amortization. Without this non-cash expense, gross profit for 2025 would be $2.1 million, a 30% gross margin. We have continued to recognize synergies and positive gross margin contributions from our acquisitions. We expect the Company’s revenue to grow in the future and our fixed overhead absorption to continue to improve resulting in improved gross margins. Operating Expenses Total operating expenses were $5.9 million for the three months ended June 30, 2025 compared to $7.1 million for the same period in 2024, a reduction of $1.2 million, or 17%. Net Loss Net loss was $4.3 million for the three months ended June 30, 2025, compared to $4.9 million for the same period in 2024. The second quarter 2025 net loss excluding non-cash items was $1.4 million compared to $1.8 million for the same period in 2024, a reduction of $0.4 million or 20%. Cash On June 30, 2025, we had cash of $3.4 million, compared to $2.5 million at March 31, 2025. We have historically met our cash needs through a combination of debt and equity financing and more recently through increasing gross profit contributions. Our cash requirements are generally for operating activities and acquisitions. Non-GAAP Financial Measures To supplement our condensed consolidated financial statements, which are prepared in accordance with GAAP, we present Non-GAAP financial measures, in this press release. We use Non-GAAP in conjunction with GAAP measures as part of our overall assessment of our performance to evaluate the effectiveness of our business strategies and to communicate with our board of directors concerning our financial performance. We believe Non-GAAP is also helpful to investors, analysts and other interested parties because it can assist in providing a more consistent and comparable overview of our operations across our historical financial periods. Non-GAAP has limitations as an analytical tool. Therefore, you should not consider it in isolation or as a substitute for analysis of our results as reported under GAAP. Because of these limitations, you should consider Non-GAAP measurements alongside other financial performance measures, including attributable to other GAAP measures. In evaluating Non-GAAP measures you should be aware that in the future, we may incur expenses that are the same as, or similar to, some of the adjustments reflected in this press release. Our presentation of Non-GAAP should not be construed to imply that our future results will be unaffected by the types of items excluded from the calculations of Non-GAAP measures. Non-GAAP is not presented in accordance with GAAP and the use of these terms vary from others in our industry. Conference Call August 14, 2025 at 4:30 p.m. ET  Management will host a conference call on Thursday August 14, 2025 at 4:30 p.m. 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/10202123/ffb9911de3 Please note that registered participants will receive their call-in number upon registration. Those without internet access or unable to pre-register may call in by calling: PARTICIPANT CALL IN (TOLL FREE): 1-844-739-3880 PARTICIPANT INTERNATIONAL CALL IN: 1-412-317-5716 Please ask to join the Beam Global call. About Beam Global Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage, energy security and Smart Cities Infrastructure. With operations in the U.S., Europe and the Middle East, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, enable Smart City services, save time and money, and protect the environment. Beam Global is headquartered in San Diego, CA with facilities in Broadview, IL, Belgrade and Kraljevo, Serbia and Abu Dhabi, UAE. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit, BeamForAll.com, LinkedIn, YouTube, Instagram and X. Forward-Looking Statements This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global’s actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements. Investor Relations Luke Higgins +1 858-261-7646 [email protected] Media Contact Lisa Potok +1 858-327-9123 [email protected]

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