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Beam Global (BEEM)
NASDAQ:BEEM
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Beam Global
(NASDAQ:BEEM)
Rating:44Neutral
Price Target:
$1.50
▲(1.35%Upside)
Positive Factors
Financial Stability
The company ended the quarter with a solid cash position and minimal debt, suggesting it can continue funding operations effectively.
International Expansion
International sales have expanded and now represent 25% of total revenue, up from 11% previously.
Revenue Growth
Revenue from commercial customers showed strong growth, increasing by 44% and now constitutes a significant portion of total revenue.
Negative Factors
Government Revenue
Q1 revenue missed expectations, and newer segments have yet to offset the loss of federal govt revenues.
Regulatory Uncertainty
Regulatory uncertainty still an overhang given the Trump administration's messaging on anything EV related.
Revenue Decline
4Q24 revenue of $8.5M declined 57.5% y/y as BEEM delivered fewer EV ARCs compared to the previous year.
Beam Global (BEEM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$23.91M
Dividend YieldN/A
Average Volume (3M)117.26K
Price to Earnings (P/E)―
Beta (1Y)1.21
Revenue Growth-40.34%
EPS Growth-39.60%
CountryUS
Employees245
SectorTechnology
Sector Strength83
IndustrySolar
Share Statistics
EPS (TTM)-1.04
Shares Outstanding15,426,178
10 Day Avg. Volume78,210
30 Day Avg. Volume117,260
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.96
Price to Sales (P/S)0.00
P/FCF Ratio-15.45
Enterprise Value/Market Cap1.06
Enterprise Value/Revenue0.12
Enterprise Value/Gross Profit4.00
Enterprise Value/Ebitda-0.53
Forecast
1Y Price Target
$3.50Price Target Upside136.49% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
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 Earnings Call Summary
Earnings Call Date:May 15, 2025
(Q1-2025)
| % Change Since: -24.87%|
Next Earnings Date:Aug 13, 2025
Earnings Call Sentiment Neutral
The earnings call presents a mixed picture. While there is significant progress in international expansion and a shift towards commercial customers, the company faces challenges such as a substantial decline in revenue due to the loss of federal orders, increased net loss, and a goodwill impairment charge. The sentiment is balanced, reflecting both the company's strategic advancements and financial difficulties.Q1-2025 Updates
Positive Updates
Diverse Revenue Base
In Q1 2025, 53% of revenues were derived from commercial customers compared to 16% in the same period in 2024. International customers comprised 25% of all revenue in Q1 2025 versus 11% in Q1 2024.
Positive Gross Margin Adjustments
Gross margin net of non-cash items was 21% for Q1 2025 versus 12% in Q1 2024, indicating improvement despite lower revenues.
Increase in Sales Orders
Sales orders in Q1 2025 were up 23% over Q4 2024, despite not including any federal government orders.
International Expansion and New Products
International revenues contributed over 25% of Q1 2025 numbers, and new products like BeamPatrol and BeamBike are expected to contribute to future growth.
Negative Updates
Decline in Revenue
Q1 2025 revenues were $6.3 million, about half of what they were during the same period the prior year, primarily due to the cessation of U.S. federal government orders.
Goodwill Impairment Charge
An $11 million goodwill impairment was recognized due to a decrease in stock price, impacting the financial statements despite management's belief in the acquisitions' value.
Increased Net Loss
The Q1 2025 net loss was $15.5 million, compared to a net loss of $3 million in 2024, largely due to $12.5 million in non-cash expense items.
Reduced Cash Balance
Cash balance at the end of March 2025 was $2.5 million, down from $4.6 million at the end of 2024.
Company Guidance
During the Beam Global First Quarter 2025 operating results conference call held on May 16, 2025, the company reported revenues of $6.3 million, with significant diversification in revenue sources, as 53% came from commercial customers compared to 16% in Q1 2024, and international customers made up 25% of the total revenue, up from 11% in the previous year. The company faced a gross margin of 8% due to a non-cash negative impact of $1 million for depreciation and amortization, but net of these non-cash items, the gross margin was 21%, compared to 12% in Q1 2024. Operating expenses were $16 million, including a $10.8 million goodwill impairment due to a decrease in stock price, resulting in a net loss of $15.5 million. Excluding non-cash items, the net loss was $2.8 million, slightly higher than $2.1 million in Q1 2024. The company ended the quarter with a cash balance of $2.5 million, and net cash used for operating activities was $1.8 million. Beam Global remains optimistic about future growth, citing increased international sales and product diversification, despite challenges in the U.S. federal market.Beam Global Financial Statement Overview
Summary
Beam Global is facing significant financial hurdles with declining revenue and persistent losses impacting profitability and cash flow. The balance sheet shows some stability with moderate leverage, but shrinking equity poses a concern. The company needs to address operational inefficiencies and improve cash flow generation to enhance financial performance and sustainability.Income Statement
Beam Global's income statement shows declining revenue with a significant decrease from $67.35M in 2023 to $41.10M in TTM. The gross profit margin is positive at 15.37% in TTM, but net income remains negative, leading to a net profit margin of -57.83%. The EBIT and EBITDA margins are both negative, indicating continued operational challenges and inefficiencies.40
Negative
Balance Sheet
The balance sheet reflects moderate leverage, with a debt-to-equity ratio of 0.05. The equity ratio is 57.05%, showing reasonable financial stability. However, the declining stockholders' equity from $49.54M in 2023 to $26.67M in TTM signals weakening financial health and potential risks in sustaining operations.45
Neutral
Cash Flow
Cash flow analysis shows negative free cash flow with a deteriorating trend, from -$14.36M in 2023 to -$1.71M in TTM. The operating cash flow to net income ratio shows a slight improvement, but remains negative at -0.04 in TTM, indicating issues in converting revenue to cash. Negative free cash flow growth rate highlights ongoing liquidity challenges.35
Negative
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 41.10M | 49.34M | 67.35M | 22.00M | 9.00M | 6.21M | Gross Profit |
| 6.32M | 7.30M | 1.20M | -1.67M | -971.00K | -711.00K | EBIT |
| -24.15M | -11.66M | -16.26M | -19.72M | -6.60M | -5.21M | EBITDA |
| -20.30M | -6.92M | -14.17M | -18.56M | -6.47M | -5.18M | Net Income Common Stockholders |
| -23.77M | -11.28M | -16.06M | -19.68M | -6.60M | -5.21M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 2.50M | 4.57M | 10.39M | 1.68M | 21.95M | 26.70M | Total Assets |
| 46.76M | 61.46M | 77.64M | 37.73M | 30.66M | 32.90M | Total Debt |
| 1.44M | 1.93M | 1.27M | 1.70M | 2.08M | 2.43M | Net Debt |
| -1.06M | -2.64M | -9.12M | 17.00K | -19.87M | -24.27M | Total Liabilities |
| 20.08M | 20.17M | 28.10M | 14.52M | 4.68M | 3.75M | Stockholders Equity |
| 26.67M | 41.29M | 49.54M | 23.21M | 25.98M | 29.15M |
| Cash Flow | Free Cash Flow | ||||
| -1.71M | -3.02M | -14.36M | -19.11M | -6.99M | -4.50M | Operating Cash Flow |
| -927.00K | -2.19M | -13.31M | -18.11M | -6.41M | -4.14M | Investing Cash Flow |
| -1.31M | -4.05M | -5.71M | -1.81M | -582.14K | -358.90K | Financing Cash Flow |
| 911.00K | 1.20M | 27.72M | -342.00K | 2.24M | 27.35M |
Beam Global Technical Analysis
Negative
1.48
Price Trends
1.65
Negative
2.07
Negative
3.20
Negative
Market Momentum
-0.04
Positive
41.56
Neutral
9.33
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 1.48 is below the 20-day moving average (MA) of 1.70, below the 50-day MA of 1.65, and below the 200-day MA of 3.20, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 41.56 is Neutral, neither overbought nor oversold. The STOCH value of 9.33 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 (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $11.75B | 10.58 | -7.10% | 2.91% | 7.47% | -7.95% | |
54 Neutral | $57.44M | ― | -123.52% | ― | -43.69% | 12.75% | |
54 Neutral | $26.27M | ― | -84.64% | ― | -52.61% | -987.53% | |
50 Neutral | $59.76M | ― | ― | -51.35% | -103.78% | ||
44 Neutral | $23.91M | ― | -64.61% | ― | -40.34% | -39.60% | |
43 Neutral | $34.76M | ― | -49.28% | ― | 8.97% | -68.08% | |
41 Neutral | $26.27M | ― | -21.91% | ― | 16.55% | 15.72% |
* Technology Sector Average
Performance Comparison
BEEM
Beam Global
1.50
-4.25
-73.91%
VVPR
VivoPower International
6.15
4.10
200.00%
NOVA
Sunnova Energy International
0.22
-4.84
-95.65%
SPRU
Spruce Power Holding
1.90
-1.71
-47.37%
FTCI
FTC Solar
4.30
-0.18
-4.02%
TURB
Turbo Energy, S.A. Sponsored ADR
2.26
1.08
91.53%
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.