Beam Global (BEEM) announced preliminary Q4 revenue, with the Company’s strongest quarterly performance since the Q3 of 2024. Q4 revenue increased over 50% from the prior quarter, a significant improvement and a strong finish to the year. Revenue growth in the quarter was driven by new products, expanded international activity, and increased sales to commercial customers, validating the effectiveness of Beam Global’s strategic initiatives. The Company expects to file audited financial results by March 31. International sales accounted for approximately half of fourth quarter’s revenue. Non-government commercial revenues were approximately 84% in the quarter, demonstrating continued diversification beyond Beam Global’s historically federal government-focused customer base. Non-EV ARC products accounted for approximately 70% of Q4 revenue. EV ARC sales increased in Europe, again validating the Company’s geographic expansion and strategy to introduce its patented product portfolio to the largest automotive market in the world.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BEEM:
- Beam Global says NJ Dept. of Treasury buys multiple EV ARC systems
- Beam Global deploys seven EV ARC off-grid EV charging systems for Fresno, CA
- Beam Global’s Beam Patrol charging system selected by Sweetwater, FL police
- Beam Global selected by UK-based Ray Systems for underwater drone batteries
- Beam Global awarded order for seven EV charging systems by the City of Dallas
