Company Overview: Beam Global

Business Focus and Core Products

• Industry: Clean technology focused on renewable energy infrastructure.
• Headquarters: San Diego, California.
• Manufacturing Facilities:
  • U.S.: San Diego, California and Broadview, Illinois.
  • Europe: Belgrade and Kraljevo, Serbia.
• Employees: 276 (as of December 31, 2024)
• Major Acquisitions:
  • Amiga DOO Kraljevo (2023): Steel structures with electronic integration for public lighting, telecom, transit infrastructure, and large steel structures.
  • Telcom d.o.o. Beograd (2024): Power electronics manufacturing including inverters, charge controllers, power supplies, and LED lighting.

Key Technologies & Product Lines

• Electric Vehicle (EV) Charging Infrastructure:

  • Main Product: EV ARC™ (Electric Vehicle Autonomous Renewable Charger)
    • Patented, transportable, solar-powered, rapid deployment EV charging station.
    • Supports Level I, Level II, and DC Fast Charging (DCFC).
    • Can charge 1-6 EVs simultaneously; supports up to 12 parking spaces.
    • No grid connection needed; powered entirely by attached solar and wind generators.
    • Flood-proof (up to 9.5 feet of water) and wind rated (up to 160 mph).
    • Can operate during grid outages; functions as emergency power source.
    • Supports future wireless charging (patent pending).
    • Deployed at Belgrade International Airport with sponsorship model generating recurring income.
  • Other EV Infrastructure Products:
    • SolarTree®: Sun-tracking structures with integrated battery storage, suitable for buses, heavy-duty vehicles, agricultural equipment, public transit, and construction sites.
    • EV ARC™ DCFC: Off-grid, renewable, rapid-deploy DC fast charging (150kW capacity).
    • BeamSpot™: Streetlight and curbside charging unit using existing streetlight foundations; integrates solar, wind, grid, and onboard storage.
    • BeamBike™: Solar-powered, construction-free eBike charging station supporting 12 eBikes.
    • BeamPatrol™: Rapid deployment for law enforcement and military; charge and access electric motorcycles.
    • BeamWell™: Self-sufficient system for disaster zones; converts seawater to freshwater, provides power, and charges electric mopeds.
    • UAV ARC™: Off-grid drone charging station (under development).

• Energy Storage Solutions:

  • Custom high-energy lithium-ion batteries with proprietary designs, safer and more efficient.
  • Proprietary passive thermal management (PCC™ phase change material) and smart batteries.
  • Used in EV charging, drones, medical devices, maritime, and micro-mobility.

• Smart Cities Infrastructure:

  • Combines structural steel, electronics, renewable energy, batteries, sensors, and IoT integrations.
  • Products include street lighting, street furniture, communications, and energy infrastructure.

• Transportation & Telecommunication Infrastructure:

  • Steel structures for public lighting, mobile telecom, rail, tram, and signaling.
  • Products sold throughout Europe, Middle East, Africa.

Market & Customers

• Customer Base:
  • Primarily government agencies and military (e.g., U.S. Army, Department of Homeland Security, California state agencies).
  • Corporate and enterprise sectors (over 30% of revenues in 2024 are from non-government sectors).
  • International markets, especially Europe (post-acquisition of Amiga) and Middle East/Africa.
• Revenue (2024):
  • $49.3 million (a decrease from $67.4 million in 2023).
  • Revenue from governmental contracts declined from 80% in 2023 to 62% in 2024.
  • International sales increased to 25% of total revenue (up from 15% in 2023).
• Major Contracts:
  • California Department of General Services (sold 408 EV ARCs from 2018–2024, totaling $30.8 million).
  • U.S. General Services Administration (189 EV ARCs sold for $16.5 million in 2024).
  • Other large contracts with U.S. Army, Department of Homeland Security, U.S. Marine Corps.
• Number of Employees: 276 (as of Dec. 31, 2024).

Financial Highlights

• Gross Profit:
  • $7.3 million in 2024, with a gross margin of 14.8%.
  • Significant margin improvement driven by cost reductions, product design changes, and acquisition benefits.
• Net Income/Loss:
  • Loss of $11.3 million in 2024 (compared to $16.1 million in 2023).
  • The losses include non-cash expenses such as depreciation, amortization, and stock-based compensation.
• Backlog:
  • $5.6 million at December 31, 2024 (down from $21.7 million at December 31, 2023).

Strategic Focus

• Expand geographically (Europe, Middle East, Africa).
• Diversify product offerings to include new mobility and disaster response solutions.
• Continue product innovation and IP development.
• Strengthen sales channels, including outside sales and partnerships.
• Leverage government incentives and grants like the Federal Solar Investment Tax Credit and others.

Summary

Beam Global develops and manufactures renewable-energy-powered infrastructure for EV charging, smart city applications, energy storage, disaster preparedness, and outdoor media advertising. Its flagship product, EV ARC™, supports rapid deployment of off-grid EV chargers, with additional products supporting mobile EV solutions, street lighting, emergency power, and water desalination. The company serves primarily government entities and corporate customers, with increasing international sales, especially after acquiring Amiga and Telcom in Europe. Revenue decreased in 2024 but remains focused on rapid expansion and product diversification to address a growing global market.