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Beam Global (BEEM)
NASDAQ:BEEM
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Beam Global
(NASDAQ:BEEM)
47Neutral
Positive Factors
International Expansion
International sales rose to 25% of revenue in 2024 compared to 15% in 2023, aided by acquisitions of Amiga and Telcom.
Product Diversification
The company has launched new products such as BeamSpot, BeamBike, BeamPatrol, and BeamWell, targeting both U.S. and European markets, and addressing various needs.
Profit Margins
BEEM is targeting a 50% gross profit margin, compared to the 4Q24 gross profit margin of 26.3%, due to operating efficiencies and more focus on EV charging infrastructure products to corporate customers.
Negative Factors
Backlog and Revenue Estimates
The backlog has decreased significantly, putting further pressure on forward revenue estimates.
Revenue Performance
4Q24 revenue of $8.5M declined 57.5% y/y as BEEM delivered fewer EV ARCs compared to the previous year.
Uncertain Revenue Visibility
Revenue visibility is likely to remain low given current DC posturing towards renewables and EV adoption.
Beam Global (BEEM) vs. S&P 500 (SPY)
Market Cap
$26.00M
Dividend YieldN/A
Average Volume (3M)138.73K
Price to Earnings (P/E)―
Beta (1Y)1.35
Revenue Growth-26.75%
EPS Growth40.98%
CountryUS
Employees245
SectorTechnology
Sector Strength44
IndustrySolar
Share Statistics
EPS (TTM)-0.31
Shares Outstanding14,773,901
10 Day Avg. Volume233,277
30 Day Avg. Volume138,732
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.54
Price to Cash Flow (P/CF)-2.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$5.00Price Target Upside257.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Beam Global Business Overview & Revenue Model
Company DescriptionBeam Global (BEEM) is a publicly traded company operating in the renewable energy sector, focusing on sustainable energy solutions and infrastructure. The company specializes in developing, manufacturing, and deploying innovative products that enable clean energy access, such as solar-powered electric vehicle (EV) charging stations, energy storage systems, and emergency power solutions. Beam Global is committed to promoting green technologies and helping reduce carbon footprints through its diverse range of eco-friendly offerings.
How the Company Makes MoneyBeam Global generates revenue primarily through the sale of its solar-powered EV charging stations and related infrastructure. Its key products include the EV ARC, a portable solar-powered EV charging station that can be rapidly deployed without the need for construction, and the Solar Tree, which provides shaded parking and solar energy. The company's revenue streams are bolstered by partnerships with municipalities, corporations, and government agencies that are investing in sustainable energy solutions. Additionally, Beam Global benefits from federal and state incentives for renewable energy, as well as increasing demand for EV infrastructure, which is driven by the growing adoption of electric vehicles. These factors significantly contribute to the company's earnings and growth prospects.
Beam Global Financial Statement Overview
Summary
Beam Global shows potential with revenue growth and a strong equity base, but ongoing losses and cash flow challenges pose significant risks. The company needs to improve profitability and cash flow generation for future stability.Income Statement
Beam Global showed some improvement in gross profit margin over the TTM period, reaching 9.0%, compared to a historical negative margin. However, the company continues to operate at a loss with a net profit margin of -19.3% and an EBIT margin of -18.3%, indicating challenges in achieving profitability. Revenue growth is volatile, with a significant increase from 2022 to 2023 but a decline in the TTM. Stability and profitability remain concerns.38
Negative
Balance Sheet
The balance sheet reflects a solid equity position with a debt-to-equity ratio of 0.05, indicating low leverage. However, the return on equity is negative at -25.3%, reflecting ongoing losses. The equity ratio is robust at 69.0%, but the company needs to improve its profitability to leverage its strong equity base effectively.45
Neutral
Cash Flow
Beam Global's cash flow statement highlights negative operating and free cash flows, with a slight improvement in the TTM. The operating cash flow to net income ratio is 0.22, indicating cash flow challenges. Free cash flow growth is negative, reflecting ongoing operational struggles. The company needs to enhance cash generation capabilities to support future growth.40
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 60.88M | 67.35M | 22.00M | 9.00M | 6.21M | 5.11M |
| Gross Profit | |||||
| 5.48M | 1.20M | -1.67M | -971.00K | -711.00K | -153.77K |
| EBIT | |||||
| -11.12M | -16.26M | -19.72M | -6.60M | -5.21M | -3.27M |
| EBITDA | |||||
| -7.47M | -14.17M | -18.56M | -6.47M | -5.18M | -3.17M |
| Net Income Common Stockholders | |||||
| -11.73M | -16.06M | -19.68M | -6.60M | -5.21M | -3.93M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 2.17K | 10.39M | 1.68M | 21.95M | 26.70M | 3.85M |
| Total Assets | |||||
| 315.65K | 77.64M | 37.73M | 30.66M | 32.90M | 7.29M |
| Total Debt | |||||
| 1.16M | 1.27M | 1.70M | 2.08M | 2.43M | 572.88K |
| Net Debt | |||||
| 1.16M | -9.12M | 17.00K | -19.87M | -24.27M | -3.28M |
| Total Liabilities | |||||
| 3.24M | 28.10M | 14.52M | 4.68M | 3.75M | 1.46M |
| Stockholders Equity | |||||
| -2.92M | 49.54M | 23.21M | 25.98M | 29.15M | 5.82M |
| Cash Flow | Free Cash Flow | ||||
| -3.20M | -14.36M | -19.11M | -6.99M | -4.50M | -4.94M |
| Operating Cash Flow | |||||
| -2.59M | -13.31M | -18.11M | -6.41M | -4.14M | -4.83M |
| Investing Cash Flow | |||||
| -8.48M | -5.71M | -1.81M | -582.14K | -358.90K | -109.59K |
| Financing Cash Flow | |||||
| 1.21M | 27.72M | -342.00K | 2.24M | 27.35M | 8.54M |
Beam Global Technical Analysis
Negative
1.40
Price Trends
2.12
Negative
2.62
Negative
3.91
Negative
Market Momentum
-0.22
Positive
30.69
Neutral
9.45
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BEEM, the sentiment is Negative. The current price of 1.4 is below the 20-day moving average (MA) of 1.82, below the 50-day MA of 2.12, and below the 200-day MA of 3.91, indicating a bearish trend. The MACD of -0.22 indicates Positive momentum. The RSI at 30.69 is Neutral, neither overbought nor oversold. The STOCH value of 9.45 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BEEM.
Beam Global Risk Analysis
Beam Global disclosed 41 risk factors in its most recent earnings report. Beam Global reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Beam Global Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | $9.82B | 10.00 | -6.63% | 3.09% | 7.49% | -11.58% | |
54 Neutral | $27.30M | ― | -147.73% | ― | -52.61% | -987.53% | |
47 Neutral | $26.00M | ― | -24.84% | ― | -26.75% | 40.98% | |
42 Neutral | $21.95M | ― | -21.91% | ― | 16.55% | 15.72% | |
40 Underperform | $36.70M | ― | -39.70% | ― | 2.37% | -10.00% | |
38 Underperform | $11.99M | ― | ― | -51.35% | -103.78% | ||
36 Underperform | $33.07M | ― | -119.27% | ― | -62.71% | 11.58% |
* Technology Sector Average
Performance Comparison
BEEM
Beam Global
1.40
-5.20
-78.79%
VVPR
VivoPower International
2.70
-0.90
-25.00%
NOVA
Sunnova Energy International
0.18
-3.74
-95.41%
SPRU
Spruce Power Holding
2.03
-2.28
-52.90%
FTCI
FTC Solar
2.57
-1.60
-38.37%
TURB
Turbo Energy, S.A. Sponsored ADR
2.47
1.32
114.78%
Beam Global Earnings Call Summary
Earnings Call Date: Apr 11, 2025 | % Change Since: -20.45% | Next Earnings Date: May 27, 2025
Earnings Call Sentiment Neutral
The earnings call presented a strong year of growth and expansion for Beam Global, with record revenue and improved margins countered by challenges in federal sales and tariff impacts. Continued international expansion and new product launches offer promising future opportunities.Highlights
Record Revenue Growth
2024 revenues reached $49.3 million, marking a 124% increase over 2022 revenues and a 5-year revenue CAGR of 68%.
Improved Gross Margins
Gross margin improved from 2% in 2023 to 15% in 2024, with noncash adjusted gross margin at 21%.
International Expansion
Significant geographic expansion into Europe, the Middle East, and Africa, with new sales in Romania and the Middle East.
New Product Launches
Launched several new products including BeamSpot, BeamBike, BeamPatrol, BeamWell, and BeamScoot.
Reduction in Cash Burn
Monthly cash burn reduced to less than $400,000, with projected positive cash flow based on current trends.
Increase in Corporate Sales
Corporate sales contributed 64% of total sales in Q4 2024, a significant increase from previous years.
Lowlights
Decline in Federal Sales
Significant reduction in federal government sales due to the new administration's stance on electric vehicles.
Challenges with U.S. Tariffs
Uncertainty and cost increases due to tariffs on materials like steel and aluminum, impacting production costs.
Cash Decrease
Cash balance decreased from $10.4 million at the end of 2023 to $4.6 million at the end of 2024.
Loss from Operations
Loss from operations was $11.7 million for 2024, although this was a decrease from the $16.3 million loss in 2023.
Company Guidance
During the Beam Global Year-end 2024 Operating Results Conference Call, the company provided several key metrics and guidance for future performance. The 2024 revenues reached $49.3 million, marking a 124% increase over 2022 and a 5-year revenue CAGR of 68%. Despite a decrease from 2023's high due to order timing issues and uncertainties related to U.S. government policies, the company maintains a strong backlog of $5.6 million. Gross margins improved to 15% from 2% in 2023, with an adjusted gross margin of 21% excluding non-cash items. Operating expenses totaled $19 million, up from $17.5 million in 2023, primarily due to increased salaries and benefits from new hires. The net cash used for operating activities significantly decreased to $2.2 million, compared to $13.3 million the previous year. Beam Global's strategic expansion into Europe, the Middle East, and Africa, along with new product introductions, positions the company for continued growth despite challenges in the U.S. market. The company remains debt-free, with $4.6 million in cash and $14 million in working capital at the end of 2024, aiming for positive cash flow in 2025.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.