![]() Before the covid collapse, 50% of revenue was from the private sector. Sales to Corporatesīeam does not publicize sales to non-governmental organizations, so we have to dig a bit to estimate what those sales may be. We do not have exact revenue forecasts but just using the information and extrapolating this probably accounts for a further $40 million since the earnings call. ![]() Since the earnings call, a further flood of orders has been announced. (Yellow is company guidance, Green is my estimates, and Blue is historical averages) Adjusting my Mathematical model gives this top line. ![]() Revenue in 2021 was $9 million, so we have a staggering increase of 591%. And all of it, with perhaps some immaterial exceptions, is to be deployed within the next 12 months. The total value of all these sales is about $62.2 million. Kathy McDermott (CFO) explained, in the Q3 2022 earnings call, that revenues for Q3 2022 came in at $6.6 million, a 227% increase on the Q3 2021 figure.ĭesmond Wheatley (CEO) discussed orders received and the backlog.ĭuring the last three months, we've sold more EV ARC systems than we've sold during our entire ten years in existence.Īfter discussing several fundamental orders, including a sale of 367 Arc units to the US army, he said this. In this article, I will look at the new deals, estimate their repeatability, and use a revenue estimate to calculate a fair value for Beam. Since the end of Covid, sales have come roaring back, bigger and better than before. It made sense corporates don't need to charge employees' vehicles if they work from home. Share value followed sales volume.ĭuring Covid, sales collapsed in the key non-governmental sales channel. I lost ($716) 30% on my investment, exiting to my regular stop-loss however, on September 20th, I re-entered the position (and put a comment on the previous article explaining the reasoning) since then, the shares have recovered somewhat to $17.76 an increase of 20%. In the months following the article, Beam shares fell from $25.37 to less than $10. ( source Beam website ) Shares have collapsed since my first article. ![]() Each Arc has a 4.3kW solar array that provides average 265 e miles per day. It is the fastest deployable, most scalable, and lowest total cost of ownership EV charging system available. Cars can park on the Arc, so they do not take up any parking spaces. The Arc is held in place by gravity, not bolted to the ground. The ARC will fit inside a standard car parking bay, requires no construction or permits, no electrical work, and does not need an electrical grid. The ARC can charge 6 EVs at a time, and each one can reach 12 car parking spaces. The EV ARC is a simple idea: A solar-powered EV charger, but it is unique with considerable patent protection. After the most recent earnings call, I am increasing that forecast to $60 million I presented a revenue forecast that suggested that Beam might hit $40 million by 2023. I said in the first article that if the product sells, and I believed it would, Beam would be worth far more than its current value. I explained that Beam ( NASDAQ: BEEM) is not a story stock like many companies involved with the EV market but has a finished product in production and that it is available for sale. I wrote Beam Global: A Product, Not a Project, in April. Choochart choochaikupt/iStock via Getty Images
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