One Small Cap Charging stock to look at- BEEM
| Name | Symbol | Industry | Market Cap | Dividend Yield |
| Beam Global | NASDAQ-BEEM | Semiconductors | $348 Million | NA |
Beam Global (BEEM), currently headquartered in San Diego, United States, is the top most provider of innovative sustainable technology for the electric vehicle EV charging. It also provides different ways to accelerate the global transition to a clean transportation sector.
Key Highlights
- Beam Global has achieved big deployment and orders for California, Wisconsin, Georgia, New York, New Mexico and Washington. Out of which they received the highest order of 52 systems from California this year.
- Another major achievement for Beam Global was that they got added to the Russell 2000 Index this year.
- Beam Global has also made a world record by producing the longest electric aircraft which gets powered only by sun.
- On Nov 9 2021, Beam Global has set up 4 EV ARCTM solar powered systems in San Jose, California. It was deployed for military and civilian use. Also, they have provided patent to China for ARCTM
- Beam Global Also started their activities with utility and real estate industries.
Third Quarter Financial Performance
- Revenue– Company has reported the total revenue of $2.1 million. There has been an increase of 46% in the revenue. In the 1st quarter it was $1.4 million.
- Operating Expenses– Company’s operating expenses for the 3 months period ending 30th June is $1.3 million which is a 54% increase as compared to the second quarter of 2020. Operating cost has increased with time because of the increased marketing expense.
- Net Loss- Company’s net loss for the first half of 2021 is $2.6 million dollars which has increased as in the first quarter it was $1.6 million.
Future Outlook for Beam Global–
For the third quarter, Company’s future outlook looks very strong as the revenue anticipation is very high for the third quarter because of the record deployments, deliveries, and record revenue in 2nd quarter and record pipeline. Beam Global uses technology which uses no electrical work or no construction. They set up a charging even in 4 minutes.
Beam Global uses a technology which helps electric vehicle move even during blackouts. In the next quarter, they will try to increase the volume which means lower operating cost. As of now, future looks great for Beam Global.
| $ | Q2 FY2021 Ended 07/04/21 | Q1 FY2021 Ended 04/04/21 | Q2 FY2020 Ended 06/28/20 | |
| Selected GAAP Financial Data | ||||
| Revenue | $2.1 million | $1.3 million | $1.4 million | |
| Cash & Working capital | $25 million | $26 million | $27 million | |
| Gross (loss) | $273k | $150k | $55k | |
| Non-GAAP operating expenses | $1.3 million | $1.1 million | $888k | |
| Net Loss | $1.6 million | $883k | $1.2 million |
(Source: Company Reports)
| Final Stock Observation– The company has reported better financials in the second quarter of 2021 with the increase in the revenue and record deliveries, record deployments and record pipeline. Their liquidity position seems strong with no debt. Their customer base is increasing as they have their presence now in 100 municipalities in US. Future projection also seems great with the high targets set till 2025. High revenue is expected from their media business. Looking at the overall demand and supply for this stock and also the investors sentiment, Company’s fundamentals looks really strong; we believe it is a good time to take position. |
| Risk Involved– Company has tried their level best by keeping the cost low with the high volume but in case pandemic strikes back it might face volume issues which in turn will take the cost high. Also, the battery life and performance is of very critical issue. Regular use shortens their life span so in order to fix this up, more investment is required in the technology which could hamper the operating cash flow. |
| Technical Analysis- Looking at the moving average, RSI, volume and the MACD of BEEM, we believe it is good for short term trading. |
| After considering fundamental and technical factors; and monitoring all the financials of the company, Acute Advisory Inc. gave a ‘Buy’ rating on the BEEM. |
| Disclaimer – At Acute Advisory Inc. we do in depth study of the stocks through technical and fundamental analysis and gather information through various sources; then only we provide recommendation on the stocks but we do not guarantee the accuracy of the information to be 100% right given by us. Acute Advisory Inc. is not a stock broker or financial advisor and to the extent permitted by law, Acute Advisory excludes all liability for any loss or profit arising from the use of the Services and any information displayed on the website. You would also obtain a copy or the sample reports before making any decision about whether to take the services or not. In Acute Advisory Inc. we only provide general advice on stocks. |
Stock Recommendation:
| Current Market Price | $18.70 USD |
| Acute Advisory Recommendation | Buy |
| Target Price | $25.65 USD |
| RSI Level | 14 Day RSI 32 |
| Total Shares Outstanding | 9 million |
| Shares held by Insiders | 45.36% |