Beam Global ( (BEEM) ) has released its Q2 earnings. Here is a breakdown of the information Beam Global presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Beam Global is a clean technology company that specializes in sustainable infrastructure solutions for the electrification of transportation, energy security, and smart city infrastructure, with operations in the U.S., Europe, and the Middle East. In its second quarter of 2025, Beam Global reported a 12% increase in revenue compared to the first quarter, with a notable shift towards non-government commercial entities and international operations accounting for a significant portion of its revenue. The company achieved a positive GAAP gross margin of 20%, marking a 4-percentage point improvement from the previous year, and reduced operating costs by $1.2 million. Strategic expansions included forming a joint venture in the Middle East, entering new European markets, and enhancing energy efficiency through solar installations. Despite a net loss of $4.3 million for the quarter, Beam Global remains debt-free with a $100 million line of credit available. Looking forward, Beam Global is focused on expanding its global market presence and improving financial performance through strategic partnerships and operational efficiencies.