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Beem earnings6/24/2023 Teams at Beam Global are firing on all cylinders and determined to show how much more we can do. Portfolio plans to expand to Europe and other regions and continued balance sheet and equity discipline making us one of the tightestĪnd least diluted public companies I know of,” said Desmond Wheatley, CEO of Beam Global. Growth in sales and a pipeline that shows a continuation of this trend triple digit growth in production and lots of room to grow noĭebt and available cash to fund our growth entirely new opportunities through our energy storage products and a doubling of our patent “Beam Global has moved to an entirely new level. Patents issued in China and India for Thermal Management Technology that Received record orders through California and Federal contracts from extensions Rapidly deployed sustainable EV charging infrastructure products Received $8.1M in energy storage solutions orders across micro-mobility,Īwarded Federal Blanket Purchase Agreement (BPA) for Electric Vehicle ChargingĪwarded follow-on State of California Contract for 2022 – 2025 for Received third largest order in company history, $5.3 million order for New Received second largest order in company history, $11.7 million order for Received largest order in company history, $29.4 million for the U.S. Secured $100 million credit facility through London based OCI GroupĪcquired All Cell Technologies to secure vital battery supply, reduce costs, Orders from government sector grew 489% year over year Orders from commercial sector grew 1190% year over year Record Q4 EV ARC™ system production, 115% year over year increase Record full year EV ARC™ system production, 105% year over year increase Record annual orders of $76 million, 548% year over year increase Record Q4 revenues of $7.9 million, 126% year over year increase Record full year revenues of $22 million, 144% year over year increase (EV) charging, energy storage, energy security and outdoor media, today announced financial results for the year ended December 31, 2022. No cash balance or cash flow is included in the calculation.SAN DIEGO, CA – Ma– Beam Global, (Nasdaq:īEEM, BEEMW), (the “Company”), the leading provider of innovative sustainable products and technologies for electric vehicle Please note all regulatory considerations regarding the presentation of fees must be taken into account. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Disclaimer: The TipRanks Smart Score performance is based on backtested results.
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