Beam Global (NASDAQ: BEEM) develops and manufactures products for electric vehicle (EV) charging and energy storage. The company is known for its transportable EV ARC charging systems, which operate off-grid using solar power. It aims to provide sustainable charging solutions for fleets, governments, and public access without requiring construction or electrical work.
Before the market opened on May 15, 2026, Beam Global reported an earnings per share of -$0.33 for the first quarter, missing the consensus estimate of -$0.18. The company also announced revenue of $3.13 million. This figure fell significantly short of the analyst projection of $7.33 million for the same period.
The earnings miss reflects Beam Global's current lack of profitability. This is shown by its negative price-to-earnings (P/E) ratio of -1.93. A negative P/E ratio indicates that a company has lost money over the past year. Beam Global's earnings yield is also negative at -51.77%, further highlighting its unprofitability.
Despite the revenue miss, Beam Global announced strong financial momentum, as highlighted by GlobeNewswire. Its revenue for the second quarter through May 15th has already exceeded the first quarter's total. The company also reported a growing backlog of orders, which increased to $9.00 million as of March 31, 2026.
Operationally, Beam Global is expanding with its first order in the Middle East. Financially, the company holds no debt and has a $100.00 million unused line of credit. Its current ratio of 1.47 shows it has enough short-term assets to cover its short-term liabilities, indicating a stable financial position.
