Acquisition StrategyThe acquisition of Telcom is expected to contribute to a reduction in cost of goods sold for BEEM's EV ARC, the company's off-grid EV charging product.
Financial PerformanceGross profit margin expanded for the third quarter in a row, exceeding forecast for the second quarter in a row.
Product DevelopmentThe company is targeting the introduction of Beam Spot, formerly called the EV Standard, for street-side charging, later this year and expects initial sales both in the U.S. and Europe in 2025.