Beam Global reports Q3 EPS (28c) vs. 9c last year

Reports Q3 revenue $5.8M vs. $11.48M last year. The decrease was driven largely by unfavorable order timing, compared to $11.5 million for the quarter ended September 30, 2024. Revenues derived from non-government, commercial entities represented 82% of total revenues for the three months ended September 30, 2025, compared to 48% for the three months ended September 30, 2024. “Although we had some unfortunate order timing in the 3rd quarter we simultaneously took some of the most important steps in our history for growth,” said Desmond Wheatley, CEO of Beam Global (BEEM). “Our expansion into the Middle East, a market, which has announced it will invest $1 trillion in the next decade in sustainable infrastructure, has created new opportunities, not just for global growth, but also for a fantastic evolution of the uses of our products for drones and autonomous vehicles. Beam Global has always been a little ahead of its time, but now we’re finding that our superior battery technology, our ability to rapidly and autonomously deploy sustainable charging infrastructure which can charge autonomous vehicles, wirelessly, without any human intervention, and some of our other products like our BeamFlight rapidly deployed and autonomous drone recharging product, are coming-of-age, particularly in markets like the Middle East where there is significant investment and a less burdensome regulatory environment. Electric bicycles are the fastest growing segment in mobility today globally and our approach to that market with BeamBike is the most rapidly deployed and scalable approach I’m aware of. Our ability to deploy electric bikes and charging infrastructure without construction or electrical work and without a utility bill put us in a position to compete for recurring revenue in a market where others are burdened by the costs, resources and risks associated with those activities. The successful deployment of BeamBike both in the United States and Abu Dhabi, is proof that there’s a great market for these products as well. We had some orders move right in the third quarter, but we will execute on them in the near future and in the meantime, we will continue to focus heavily on all the new opportunities that we have as a result of the expansion of our product portfolio and geographic footprint. 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.”