Beam Global announced its second quarter results for the period ended June 30, 2025. Highlights include a 12% revenue increase from Q1 2025 to Q2 2025, with 60% of revenues from non-government commercial entities and 37% from international operations. The company also reported positive GAAP gross margin of 20% for Q2 2025, and an adjusted non-GAAP gross margin of 30%.

Operational highlights include the formation of a joint venture in the Middle East, expansion into new markets such as Romania and Croatia, and the receipt of a sustainability award for innovation in infrastructure. Additionally, Beam Global opened a new office in Belgrade, Serbia, and expanded its energy storage systems business.

CEO Desmond Wheatley highlighted the company’s successful execution of global market expansion, revenue growth, and financial discipline in Q2 2025. He noted the shipment of products to multiple states in the US and countries in Europe, as well as growth in the energy storage systems business. The company remains debt-free, reduced operating costs, and improved operational efficiency.

For the quarter ended June 30, 2025, Beam Global reported revenues of $7.1 million, a 12% increase over the first quarter. 60% of revenues were from commercial customers, compared to 24% in the same period in 2024, and international customers comprised 37% of revenues. Gross profit for Q2 2025 was $1.4 million, with a 20% gross margin.

Total operating expenses were $5.9 million for Q2 2025, a $1.2 million reduction compared to the same period in 2024. Net loss for Q2 2025 was $4.3 million, an improvement over the same period in 2024. Cash on hand at June 30, 2025, was $3.4 million.

Beam Global uses Non-GAAP financial measures to supplement its GAAP financial statements for performance evaluation and communication with stakeholders. The company will host a conference call on August 14, 2025, to review financial results and provide corporate updates. Participants can register for the call online or join via phone.

Beam Global is a clean technology innovator focused on sustainable infrastructure products and technologies. The company operates in the US, Europe, and the Middle East, developing solutions for clean energy, transportation, EV charging, energy storage, and Smart Cities Infrastructure. Beam Global is listed on Nasdaq under the symbol BEEM.

Read more at GlobeNewswire: Beam Global Announces Second Quarter 2025 Operating