• Like a Tesla Supercharger, but solar-powered and completely off-grid.
• They're like the 'Carvana for EV charging infrastructure,' delivering ready-to-use, solar-powered EV chargers directly to sites without complex installation.

• EV ARC (electric vehicle autonomous renewable charger): An infrastructure product providing EV charging using integrated solar power and battery storage.
• Solar Tree DCFC: An off-grid, single-column mounted system offering 50kW DC fast charging for electric vehicles using renewable energy and energy storage.
• EV ARC DCFC: A DC fast charging system specifically designed for electric vehicles.
• EV-Standard: A developing product integrating lamp standards, EV charging, and emergency power using solar, wind, grid, and onboard storage for curbside charging.
• UAV ARC: A developing off-grid, renewably energized product and network designed for charging aerial drone (UAV) fleets.

Beam Global (BEEM) primarily sells its renewably energized EV charging infrastructure and energy security products to other companies and organizations, rather than individual consumers. Based on the description of its products, the major customer categories include:

• Government Agencies and Municipalities: These customers would procure products like EV ARC, Solar Tree DCFC, EV ARC DCFC, and particularly EV-Standard (which uses existing streetlamp foundations) for public EV charging infrastructure, urban planning initiatives, and supporting municipal fleets. The focus on off-grid and renewable solutions appeals to public sector sustainability goals and resilience planning.

• Commercial Businesses and Fleet Operators: Companies with electric vehicle fleets (e.g., logistics, delivery, corporate shuttles) or businesses that want to provide EV charging for employees and customers on corporate campuses, retail locations, or parking facilities would be major purchasers of Beam Global's EV charging solutions. The DC fast charging options are particularly relevant for commercial fleet operations requiring rapid turnaround.

• Military and Defense Organizations: The company's emphasis on "energy security products" and its UAV ARC (for charging aerial drone fleets) suggests that military bases, defense contractors, and other security-focused entities could be significant customers. Off-grid, rapidly deployable, and renewable energy solutions are critical for operational resilience and sustainability in defense applications.

Desmond Wheatley, Chairman of the Board, Chief Executive Officer and President

Desmond Wheatley joined Beam Global (then Envision Solar) as a consultant in 2010, becoming CEO in 2011 and Chairman of the Board in 2016. He led the company's successful uplisting to Nasdaq (BEEM) in April 2019. Wheatley has founded, funded, and operated four profitable start-up companies. He was also involved in M&A activities, including evaluating acquisition opportunities, conducting due diligence, and raising $500M in debt and equity commitments. His prior roles include founding partner of the international consulting practice Crichton Hill LLC, CEO of iAxis FZ LLC (a Dubai-based alternative energy and technology systems integration company), and President of ENS, which was a large independent security and energy management systems integrator in the US. Wheatley holds several patents in clean energy for mobility.

Lisa A. Potok, Chief Financial Officer and Principal Accounting Officer

Lisa A. Potok possesses over 25 years of financial, operational, board, and leadership experience across both public and private companies, domestically and internationally. Her background spans various industries, including manufacturing, medical devices, biotech, eCommerce, advertising, and consumer goods. She has been instrumental in driving profitability growth while managing public offerings, acquisitions, and other strategic initiatives. Before her appointment at Beam Global, Ms. Potok served as CFO, Treasurer, and Secretary of Nice North America LLC (formerly Nortek Security & Control, LLC). Her experience with publicly traded companies includes taking Newegg Inc. public in May 2021, and serving as Vice President of Global Finance at Club Demonstration Services and Vice President of Finance/Divisional CFO at FTD, Inc.'s Provide Commerce division.

Ivan Tlačinac, Managing Director, Beam Europe

Ivan Tlačinac has 26 years of experience in driving growth within global infrastructure businesses. As Managing Director of Beam Europe, he is responsible for Beam's strategic expansion throughout Europe, the Middle East, and Africa (EMEA). Prior to joining Beam Global, Mr. Tlačinac held the position of CEO at Amiga doo, a company he joined in 1996 as a lead electrical engineer and where he advanced to assistant manager. He is a member of the Serbian Society for Lighting Belgrade and the Engineering Chamber of Serbia.

Key Risks to Beam Global (BEEM)

1. Lack of Sustained Profitability and Financial Stability: Beam Global has not yet achieved sustained profitability, reporting net losses and minimal cash flow. The company relies on credit backing or capital for its operations, and a negative Altman Z-Score indicates potential financial distress, reflecting challenges in generating returns from shareholder equity.
2. Reliance on Government Contracts and Market/Regulatory Volatility: Historically, a significant portion of Beam Global's revenue has come from large government orders, which can be inconsistent and subject to delayed execution. Although the company is actively diversifying its customer base towards commercial and international clients, it remains susceptible to evolving regulations within the solar, EV, and battery industries. Furthermore, international expansion, while strategic, exposes the company to additional regulatory, geopolitical, and policy risks that could disrupt sales and profit growth.
3. Intense Competition and Supply Chain Vulnerabilities: Beam Global operates in a competitive market for EV charging infrastructure, facing both traditional grid-tied providers and other electronic equipment companies. While its off-grid solutions offer a distinct advantage in deployment speed, the rapid evolution of the market and the presence of well-capitalized competitors pose ongoing challenges. Additionally, as a manufacturing company with international facilities, Beam Global is exposed to supply chain risks, including potential disruptions from global events, economic instability, and material shortages, which can impact production capabilities and costs.

The rapid and extensive government and private sector investment in, and deployment of, traditional grid-tied public and private fast-charging infrastructure, often accompanied by initiatives to decarbonize the grid itself, poses a clear emerging threat. This acceleration in conventional infrastructure development could diminish the unique value proposition of Beam Global's off-grid, autonomous, and rapidly deployable renewable charging solutions by making ubiquitous grid-connected charging both readily available and increasingly renewably powered across a wider range of locations and use cases.

Beam Global (BEEM) operates within several addressable markets related to renewable energy-powered infrastructure.

Electric Vehicle (EV) Charging Infrastructure

• Globally, the electric vehicle charging infrastructure market was valued at approximately USD 47.61 billion in 2025 and is projected to reach about USD 492.59 billion by 2035, growing at a compound annual growth rate (CAGR) of 26.32% from 2026 to 2035.
• In the U.S., the electric vehicle charging infrastructure market size was estimated at USD 5.09 billion in 2024 and is projected to grow at a CAGR of 30.3% from 2025 to 2030, reaching USD 24.07 billion by 2030.

Solar-Powered EV Charging Stations (relevant to EV ARC, Solar Tree DCFC, and EV ARC DCFC)

• The global market for solar-powered EV charging stations was valued at US$ 1.7 billion in 2024. This market is estimated to expand at a CAGR of 8.2% from 2025 to 2035, reaching a value of US$ 4.1 billion by the end of 2035.
• Another estimate places the global solar EV charging market size at USD 1.2 billion in 2024, with a projection to reach USD 8.7 billion by 2033, expanding at a robust CAGR of 24.5% during the forecast period of 2025 to 2033.
• North America currently holds the largest share of the global Solar EV Charging market, accounting for approximately 38% of the total market value in 2024.

Off-Grid Solar EV Charging Stations (relevant to EV ARC, Solar Tree DCFC, and EV ARC DCFC)

• The global off-grid solar EV charging station market size was valued at USD 512 million in 2024 and is projected to reach USD 2.31 billion by 2033, expanding at a robust CAGR of 18.4% from 2025 to 2033.
• The broader global off-grid charging market, which includes solar canopy chargers, is expected to reach USD 16.6 billion by 2034, with a CAGR of 47.1%.
• North America commands the largest share of the global Off-Grid Solar EV Charging Station market, with approximately 38% of the total market value in 2024.

Drone Charging Stations / Drone Wireless Charging Systems (relevant to UAV ARC)

• The global drone charging station market size was estimated at USD 0.43 billion in 2023 and is expected to grow at a CAGR of 6.5% from 2024 to 2030, reaching USD 0.67 billion by 2030.
• Another report indicates the global drone charging station market size was over USD 525 million in 2025 and is anticipated to cross USD 1.03 billion by 2035, witnessing more than a 7% CAGR from 2026 to 2035.
• The global drone docking station market is projected to reach approximately USD 1.2 billion by 2032, up from USD 300 million in 2023, reflecting a robust CAGR of 15%.
• The global drone wireless charging system market is projected to reach a valuation of approximately USD 1.5 billion by 2033, growing at a robust CAGR of 20% from 2025 to 2033.
• North America dominated the drone charging station market with a share of 34.87% in 2023. The U.S. drone wireless charging system market has a current market size of USD 250 million and a forecasted CAGR of 15%.

Here are 3-5 expected drivers of future revenue growth for Beam Global (BEEM) over the next 2-3 years:

1. Expansion into International Markets: Beam Global is actively expanding its global footprint, particularly into Europe and the Middle East. International sales contributed approximately half of the company's fourth-quarter 2025 revenues, demonstrating the impact of this strategy. The company established Beam Middle East as a joint venture in Q3 2025, signaling further opportunities for large-scale infrastructure investments in the region.
2. New Product Launches and Portfolio Diversification: Beam Global continues to introduce new products and diversify its offerings beyond its flagship EV ARC™ system. In Q4 2025, non-EV ARC™ products accounted for about 70% of the quarterly revenue, indicating broad-based growth across a more varied product portfolio. The company is developing solutions for energy security, batteries for drones and robotics, power systems for AI-related devices, smart city infrastructure products, and specialized defense applications.
3. Growth in Commercial Customer Segment: The company is successfully diversifying its customer base beyond its historical focus on federal government clients. In Q4 2025, non-government commercial customers represented approximately 84% of Beam Global's revenues, highlighting a strategic shift towards broader commercial market penetration.
4. Strategic Acquisitions and Operational Efficiency Improvements: Acquisitions, such as Beam Europe (Amiga) in Serbia, contribute to revenue and are expected to make products more cost-effective and competitive. The company has also focused on improving gross margins through increased production levels, favorable fixed overhead absorption, enhanced labor efficiency, and design changes to products like the EV ARC™ that reduce unit costs.

Share Repurchases

• No significant share repurchases have been identified over the last 3-5 years; a 3-year average share buyback ratio of -18.3% indicates net share issuance rather than repurchases.

Share Issuance

• Beam Global increased its common stock outstanding by 2,023,301 shares, from 14,835,630 shares as of December 31, 2024, to 16,858,931 shares as of June 30, 2025.
• The company issued 207,415 common shares during the first quarter of 2025, bringing the total outstanding to 15,043,045 shares as of March 31, 2025, up from 14,835,630 shares at December 31, 2024.
• Historically, Beam Global has met its cash needs partly through equity financing, indicating a reliance on share issuances.

Inbound Investments

• In the third quarter of 2025, Beam Global launched Beam Middle East, a 50-50 joint venture with the Platinum Group. This venture is structured to reimburse Beam Global for all pre-profit costs from initial profits, thereby minimizing financial risk.

Outbound Investments

• Beam Global has made acquisitions, such as All-Cell and Amiga, which have contributed to improved gross margins and operational synergies.
• Acquisitions are cited as a general cash requirement for the company.

Capital Expenditures

• Capital expenditures totaled $0.45 million USD in the most recent quarter (Q3 2025).
• Ongoing investments are considered crucial for future growth, particularly for developing new intellectual property and expanding into international markets such as Europe and the Middle East.
• The company's global operational footprint, including facilities in San Diego, California, Illinois, Serbia, and the United Arab Emirates, indicates investment in these areas.