BEEM BEAM GLOBAL FREE

Enhanced in-sourcing capabilities resulting in cost and risk reduction in manufacturing of Beam Global products.

Significantly expanded development and manufacturing capacity to bring Beam Global products to European markets and beyond.Significantly expanded engineering expertise to further develop new product solutions for the electrification of transportation and the securing and decarbonizing of energy infrastructure.Opened largest automotive market in the world to Beam Global clean technology solutions through expansion of sales team and existing customer relationships in 17 nations.Closed acquisition of Europe based Amiga DOO on October 20, 2023, a leading European provider of transportation, communications and energy infrastructure products.Backlog of $31 million on September 30, 2023, Pipeline of over $112M.

BEEM BEAM GLOBAL FREE

Debt Free and $100 million line of credit available and unused.

Oversubscribed public offering of $25 million, net of expenses, to support European acquisition and strengthen balance sheet.

Year-to-date operating expenses improved by 52% as a percentage of revenue over 2022.

Year-to-date gross profit improvement of 9% as a percentage of revenue over 2022.

Record year-to-date gross profit of $0.8 million, or 2% of revenues year-to-date gross profit excluding non-cash items of $1.5 million, or 3% of revenues.

Record Q3 EV ARC™ system deployments increased 295% YOY.

Record year-to-date revenues of $47.3 million, a 236% increase over 2022.

Quarterly revenue of $16.5 million, a 149% increase over Q3 2022.14, 2023 (GLOBE NEWSWIRE) - Beam Global, (Nasdaq: BEEM, BEEMW), (the “Company”), the leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced its Third Quarter results for the period ended September 30, 2023. Conference Call Tuesday Novemat 8:30 A.M.

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