We continue to make progress on our integration of the battery company we bought earlier this year with sales, revenues and the first deployments of our new internally produced battery solution in our EV ARC systems. First half revenues are more than double this time last year and we have no indication that this momentum is going to let up. "Our sales are up, our efficiencies are improving and we have the highest contracted backlog and sales pipeline in our history. "Q2 has been another quarter of records at Beam Global," said Desmond Wheatley, CEO of Beam. Honored as Stevie® Award Winner for Achievement in Product Innovation in 2022 American Business Awards® Selected for the California DGS Green Proving Ground program for grid balancing Increased momentum in enterprise customers, multi-unit orders and repeat customers Received $0.9 million battery order to power autonomous on-demand delivery dronesĪnnounced partnership with Volvo Construction Equipment (CE) to bundle EV ARC™ off-grid EV charging systems with Volvo electric construction equipment Grew EV ARC™ system revenue per employee by 34% over Q2 of 2021Īwarded Federal Blanket Purchase Agreement (BPA) for Electric Vehicle Charging InfrastructureĪwarded new State of California Contract for rapidly deployed sustainable EV charging infrastructure products Grew sales pipeline to a new record of $122 million Grew sales orders to a record backlog of over $10M Reduced net loss by over 14% of revenue in first half despite inflation and acquisition Improved Gross Profitability in first half by 4% of revenue despite inflation Generated highest first half revenue in the company's history of 7.5M, a 114% increase over first half 2021 Generated the highest second quarter revenue in the company's history of $3.7 million, a 75% increase over Q2 2021 SAN DIEGO, CA - AugBeam Global, (Nasdaq: BEEM, BEEMW), (the "Company"), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, today announced the financial results for the second fiscal quarter ended June 30, 2022.įiscal Q2 2022 and Recent Company Highlights Beam Global Reports Fiscal Q2 2022 Financial ResultsĬonference Call Friday Augat 4:30 p.m.
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