NEW YORK, May 22, 2026, 13:04 (EDT)
- Beam Global traded around $1.42 in midday New York dealing, near its 52-week low, after closing Thursday at $1.44.
- The company’s latest quarter showed a 51% revenue drop, a wider operating strain, and a $9.0 million backlog — orders not yet booked as revenue.
- U.S. stock markets were open Friday, with Nasdaq scheduled to close Monday, May 25, for Memorial Day.
Beam Global shares edged lower in midday U.S. trading on Friday, holding close to their one-year low as investors weighed a weak first quarter against management’s claim that orders are starting to convert into sales.
The stock was quoted around $1.42, compared with a Thursday close of $1.44. Robinhood data showed BEEM trading between $1.39 and $1.49 on Friday, with a market value of about $31.5 million and volume well below its average daily level.
Why it matters now: Beam is a microcap, meaning a company valued in the tens of millions of dollars, and that leaves little room for bad timing. In these names, cash, gross margin and order conversion often matter more than broad sector optimism.
Beam said first-quarter revenue fell to $3.1 million from $6.3 million a year earlier, mainly because two large orders moved out of the quarter, European operations were seasonally slow, and U.S. federal EV infrastructure spending remained weak. The company posted a net loss of $6.9 million, versus a $15.5 million loss a year earlier, and said backlog rose to $9.0 million from $6.0 million at year-end.
Backlog is business already ordered but not yet recognized as revenue. Chief Executive Desmond Wheatley said in the company’s release that “our backlog grew 50%” and argued the first half would show Beam’s diversification strategy working. GlobeNewswire
The company has tried to shift the story away from U.S. federal EV charger demand. Its 10-Q showed 51% of first-quarter revenue came from outside the United States, up from 25% a year earlier, while federal customers accounted for less than 1% of revenue, down from 14%.
On the call, Chief Financial Officer Lisa Potok called the rise in second-quarter revenue through May 15 a “clear signal that the business is accelerating.” Roth Capital analyst Craig Irwin told management it was “nice to see the backlog come up so quickly,” while B. Riley’s Ryan Pfingst pressed Wheatley on whether a resolution of Middle East conflict could lift regional revenue. Investing
But the risks are still plain. Beam reported a negative gross margin, meaning production costs exceeded revenue in the quarter, and its filing flagged risks tied to order timing, profitability, capital needs, receivables collection, Middle East instability and material weaknesses in internal control over financial reporting. The company had $2.0 million of cash and $6.2 million of working capital at March 31, and said it raised $3.4 million through an at-the-market stock sale program.
The competitive tape was mixed but generally firmer for larger EV-charging names. ChargePoint traded around $7.09, up about 3.7%, while Blink Charging was around 86.9 cents after a higher open; EVgo was near $1.88, little changed to slightly lower.
Beam is not a straight read-across to those peers. Its main EV ARC product is a solar-powered charging system with battery storage that can operate without being tied to the grid, and the company also sells energy-security, smart-city and battery products.
That distinction is the bull case and the burden. If international and commercial orders convert, Friday’s low share price could look like a market waiting for proof. If revenue timing slips again, or if cash needs force more equity sales, BEEM may stay pinned near the low end of its range.
