<p>Beam Global（（BEEM））已举行其第一季度财报电话会议。请继续阅读会议的主要亮点。</p>
<h3>在 TipRanks 上享受 55% 的折扣</h3>
<ul>
<li>解锁对冲基金级别的数据和强大的投资工具，以便做出更聪明、更精准的决策</li>
<li>发现表现优异的股票投资理念，并升级到市场领先者的投资组合，使用智能投资者精选</li>
</ul>
<p>Beam Global 最近的财报电话会议语气谨慎但积极，管理层在疲弱的第一季度财务数据与明显的运营进展之间取得了平衡。尽管收入和利润率急剧下降，但激增的订单积压、第二季度加速的早期迹象、广泛的国际和商业覆盖以及稳健的流动性描绘了一个更乐观的未来前景。</p>
<h2>订单积压增长</h2>
<p>截至 3 月 31 日，Beam 报告订单积压增长 50%，达到 900 万美元，而年末为 600 万美元，为软弱的季度提供了可见性。超过一半的订单与智慧城市应用相关，约三分之一与能源存储相关，其余来自 EV ARC 和相关产品，突显了多样化。</p>
<h2>第二季度早期势头</h2>
<p>管理层强调，第二季度迄今产生的收入已超过第一季度的 310 万美元，表明随着延迟订单的转化，正在复苏。公司将第一季度视为受时间和季节性影响的低谷，目前季度的表现表明复苏的轨迹正在形成。</p>
<h2>国际和商业多样化</h2>
<p>国际客户占第一季度收入的 51%，而一年前为 25%，这表明地理扩张的成功。同时，非政府商业收入同比增长 48%，现在占总销售额的 78%，减少了对美国联邦支出在电动车基础设施上的依赖。</p>
<h2>关键胜利和部署</h2>
<p>在运营方面，Beam 取得了显著的胜利，包括在阿布扎比首次销售公共充电的 EV ARC 以及在纽约的最大住宅 EV ARC 订单。Beam 欧洲在多个东欧和南欧国家的一周内创下了 170 万美元的智慧城市订单，几乎是其 2025 年最强一周的两倍。</p>
<h2>新产品、知识产权和市场进入</h2>
<p>公司推进了其技术路线图，推出了一种专利的自动无线充电系统，适用于自动驾驶汽车，并获得了新的美国和欧洲专利，包括电池技术。它还通过 Beam 中东进入中东和非洲市场，目标是自主驾驶、无人机和离网部署，作为增量可寻址市场。</p>
<h2>单位经济和制造杠杆</h2>
<p>尽管销量较低，管理层强调，整个产品组合的单位经济现在超过 30%，在塞尔维亚生产的 EV ARC 单位可能接近 40%。他们认为，随着销量的恢复，固定开销应在更多单位上分摊，从而通过运营杠杆推动利润率扩张。</p>
<h2>资产负债表和流动性</h2>
<p>Beam 强调其资产负债表相对干净，除了车辆租赁外没有债务，并且在本季度现金增加了 100 万美元。截至 3 月 31 日，营运资金为 620 万美元，并得到了未使用的 1 亿美元信贷额度的支持，管理层认为这足以支持运营和增长计划。</p>
<h2>收入急剧下降</h2>
<p>第一季度收入降至 310 万美元，比去年同期的 630 万美元下降 51%，因为两个大订单推迟到第二季度，而欧洲经历了季节性放缓。美国联邦政府对电动车的支出减少进一步施压销售，突显了 Beam 对该资金来源的历史依赖。</p>
<h2>毛亏损和利润率压缩</h2>
<p>公司报告毛亏损 40 万美元，相当于负 13.3% 的利润率，而一年前为 7.9% 的毛利率。在调整后，剔除 70 万美元的非现金折旧和摊销，毛利率为 9.4%，仍低于 20.6%，因为较低的销量影响了固定成本的吸收。</p>
<h2>净亏损和非现金费用</h2>
<p>GAAP 净亏损从去年第一季度的 1550 万美元缩小至 690 万美元，后者受到较重的非现金项目拖累。然而，剔除特定非现金费用的非 GAAP 净亏损略微恶化，从 300 万美元增至 370 万美元，表明尽管控制成本，基础盈利能力仍在恶化。</p>
<h2>运营费用项目和应收账款准备金</h2>
<p>运营费用从 1600 万美元降至 630 万美元，尽管前期包括 1080 万美元的商誉减值，扭曲了比较。剔除该项后，运营费用同比增加约 100 万美元，主要由于与单一客户应收账款相关的 180 万美元的非现金信用损失准备金。</p>
<h2>营运资金压力和外部风险</h2>
<p>本季度营运资金减少 270 万美元，降至 620 万美元，其中约 90 万美元的下降与运营相关，调整后考虑了大额应收账款准备金。管理层还指出，来自美国联邦电动车支出减少和与中东冲突相关的部署延迟的外部风险。</p>
<h2>前瞻性展望</h2>
<p>高管们将业务框架视为加速阶段，指出订单积压增加 50%，第二季度迄今的收入已超过第一季度，以及去年第四季度的强劲表现比前一季度高出 50%。他们预计随着订单转化，收入将恢复，利润率将受益于改善的单位经济和销量杠杆，多样化将减轻政策和地区波动的影响。</p>
<p>Beam 的电话会议让投资者在短期财务疲软与改善的基本面和广泛的增长平台之间进行权衡。凭借强劲的订单积压、扩展的国际和商业渠道以及稳健的流动性，公司正在为反弹做好准备，但将订单转化和提升利润率的执行将是未来股票表现的关键。</p>

BEEM

<p>Beam Global 报告了一个具有挑战性的第一季度，收入下降 51% 至 310 万美元，但积压订单增加 50% 至 900 万美元，显示出潜在的复苏迹象。管理层指出，第二季度初的收入已经超过第一季度的总额，这得益于国际销售和多元化。尽管出现了 40 万美元的毛亏损，公司仍保持强劲的资产负债表，没有债务且流动性充足。报告中强调了关键的运营胜利和技术进步，同时也提到了来自美国联邦支出减少和地缘政治紧张局势的外部风险</p>

<p>Beam Global ((BEEM)) has held its Q1 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>Beam Global（（BEEM））已举行其第一季度财报电话会议。请继续阅读会议的主要亮点。</p>
</div><h3>Claim 55% Off TipRanks</h3>
<div class="lb-trans"><h3>在 TipRanks 上享受 55% 的折扣</h3>
</div><ul>
<li>Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions</li>
<li>Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks</li>
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<div class="lb-trans"><ul>
<li>解锁对冲基金级别的数据和强大的投资工具，以便做出更聪明、更精准的决策</li>
<li>发现表现优异的股票投资理念，并升级到市场领先者的投资组合，使用智能投资者精选</li>
</ul>
</div><p>Beam Global’s latest earnings call struck a cautious but constructive tone as management balanced weak first‑quarter financials against clear operational progress. Revenue and margins deteriorated sharply, yet a surging backlog, early signs of Q2 acceleration, broader international and commercial reach, and solid liquidity painted a more optimistic picture beyond the near term.</p>
<div class="lb-trans"><p>Beam Global 最近的财报电话会议语气谨慎但积极，管理层在疲弱的第一季度财务数据与明显的运营进展之间取得了平衡。尽管收入和利润率急剧下降，但激增的订单积压、第二季度加速的早期迹象、广泛的国际和商业覆盖以及稳健的流动性描绘了一个更乐观的未来前景。</p>
</div><h2>Backlog Growth</h2>
<div class="lb-trans"><h2>订单积压增长</h2>
</div><p>Beam reported a 50% jump in backlog to $9.0 million at March 31 from $6.0 million at year‑end, offering visibility after a soft quarter. More than half of this pipeline is tied to smart city applications, roughly a third to energy storage, with the remainder coming from EV ARC and related products, underscoring diversification.</p>
<div class="lb-trans"><p>截至 3 月 31 日，Beam 报告订单积压增长 50%，达到 900 万美元，而年末为 600 万美元，为软弱的季度提供了可见性。超过一半的订单与智慧城市应用相关，约三分之一与能源存储相关，其余来自 EV ARC 和相关产品，突显了多样化。</p>
</div><h2>Q2 Early Momentum</h2>
<div class="lb-trans"><h2>第二季度早期势头</h2>
</div><p>Management highlighted that revenue generated in Q2 so far has already surpassed the entire $3.1 million posted in Q1, indicating a rebound as delayed orders convert. The company framed Q1 as a trough influenced by timing and seasonality, with the current quarter’s performance suggesting a recovery arc is underway.</p>
<div class="lb-trans"><p>管理层强调，第二季度迄今产生的收入已超过第一季度的 310 万美元，表明随着延迟订单的转化，正在复苏。公司将第一季度视为受时间和季节性影响的低谷，目前季度的表现表明复苏的轨迹正在形成。</p>
</div><h2>International and Commercial Diversification</h2>
<div class="lb-trans"><h2>国际和商业多样化</h2>
</div><p>International customers accounted for 51% of Q1 revenue versus 25% a year earlier, signaling successful geographic expansion. At the same time, nongovernment commercial revenue climbed 48% year over year and now represents 78% of total sales, reducing reliance on U.S. federal spending for EV infrastructure.</p>
<div class="lb-trans"><p>国际客户占第一季度收入的 51%，而一年前为 25%，这表明地理扩张的成功。同时，非政府商业收入同比增长 48%，现在占总销售额的 78%，减少了对美国联邦支出在电动车基础设施上的依赖。</p>
</div><h2>Key Wins and Deployments</h2>
<div class="lb-trans"><h2>关键胜利和部署</h2>
</div><p>Operationally, Beam notched notable wins including its first EV ARC sale for public charging in Abu Dhabi and its largest residential EV ARC orders to date in New York. Beam Europe recorded a record $1.7 million of smart city orders in a single week across several Eastern and Southern European countries, roughly double its strongest week in 2025.</p>
<div class="lb-trans"><p>在运营方面，Beam 取得了显著的胜利，包括在阿布扎比首次销售公共充电的 EV ARC 以及在纽约的最大住宅 EV ARC 订单。Beam 欧洲在多个东欧和南欧国家的一周内创下了 170 万美元的智慧城市订单，几乎是其 2025 年最强一周的两倍。</p>
</div><h2>New Products, IP and Market Entry</h2>
<div class="lb-trans"><h2>新产品、知识产权和市场进入</h2>
</div><p>The company advanced its technology roadmap with a patented autonomous wireless charging system for autonomous vehicles and new U.S. and European patents, including for battery technology. It also moved into the Middle East and Africa via Beam Middle East, targeting autonomy, drones and off‑grid deployments as incremental addressable markets.</p>
<div class="lb-trans"><p>公司推进了其技术路线图，推出了一种专利的自动无线充电系统，适用于自动驾驶汽车，并获得了新的美国和欧洲专利，包括电池技术。它还通过 Beam 中东进入中东和非洲市场，目标是自主驾驶、无人机和离网部署，作为增量可寻址市场。</p>
</div><h2>Unit Economics and Manufacturing Leverage</h2>
<div class="lb-trans"><h2>单位经济和制造杠杆</h2>
</div><p>Despite low volumes, management stressed that unit economics across the portfolio are now running above 30%, with EV ARC units potentially nearer 40% when produced in Serbia. They argued that as volumes recover, fixed overhead should be spread over more units, driving margin expansion through operating leverage.</p>
<div class="lb-trans"><p>尽管销量较低，管理层强调，整个产品组合的单位经济现在超过 30%，在塞尔维亚生产的 EV ARC 单位可能接近 40%。他们认为，随着销量的恢复，固定开销应在更多单位上分摊，从而通过运营杠杆推动利润率扩张。</p>
</div><h2>Balance Sheet and Liquidity</h2>
<div class="lb-trans"><h2>资产负债表和流动性</h2>
</div><p>Beam emphasized a relatively clean balance sheet, with no debt aside from vehicle leases and a $1.0 million increase in cash during the quarter. Working capital stood at $6.2 million at March 31 and is supported by an unused $100 million credit facility, which management views as adequate to fund operations and growth initiatives.</p>
<div class="lb-trans"><p>Beam 强调其资产负债表相对干净，除了车辆租赁外没有债务，并且在本季度现金增加了 100 万美元。截至 3 月 31 日，营运资金为 620 万美元，并得到了未使用的 1 亿美元信贷额度的支持，管理层认为这足以支持运营和增长计划。</p>
</div><h2>Sharp Revenue Decline</h2>
<div class="lb-trans"><h2>收入急剧下降</h2>
</div><p>Q1 revenue fell to $3.1 million, down 51% from $6.3 million in the prior‑year period, as two large orders slid into Q2 and Europe experienced seasonal slowdown. Reduced U.S. federal government EV spending further pressured sales, highlighting Beam’s historical exposure to that funding stream.</p>
<div class="lb-trans"><p>第一季度收入降至 310 万美元，比去年同期的 630 万美元下降 51%，因为两个大订单推迟到第二季度，而欧洲经历了季节性放缓。美国联邦政府对电动车的支出减少进一步施压销售，突显了 Beam 对该资金来源的历史依赖。</p>
</div><h2>Gross Loss and Margin Compression</h2>
<div class="lb-trans"><h2>毛亏损和利润率压缩</h2>
</div><p>The company posted a gross loss of $0.4 million, equating to a negative 13.3% margin compared with a 7.9% gross profit margin a year ago. On an adjusted basis excluding $0.7 million of noncash depreciation and amortization, gross margin was 9.4%, still down from 20.6% as lower volume hurt fixed cost absorption.</p>
<div class="lb-trans"><p>公司报告毛亏损 40 万美元，相当于负 13.3% 的利润率，而一年前为 7.9% 的毛利率。在调整后，剔除 70 万美元的非现金折旧和摊销，毛利率为 9.4%，仍低于 20.6%，因为较低的销量影响了固定成本的吸收。</p>
</div><h2>Net Loss and Noncash Charges</h2>
<div class="lb-trans"><h2>净亏损和非现金费用</h2>
</div><p>GAAP net loss narrowed to $6.9 million from $15.5 million in Q1 last year, which had been dragged by heavier noncash items. However, non‑GAAP net loss, which strips out select noncash charges, worsened modestly to $3.7 million from $3.0 million, suggesting underlying profitability deteriorated despite cost control.</p>
<div class="lb-trans"><p>GAAP 净亏损从去年第一季度的 1550 万美元缩小至 690 万美元，后者受到较重的非现金项目拖累。然而，剔除特定非现金费用的非 GAAP 净亏损略微恶化，从 300 万美元增至 370 万美元，表明尽管控制成本，基础盈利能力仍在恶化。</p>
</div><h2>Operating Expense Items and AR Reserve</h2>
<div class="lb-trans"><h2>运营费用项目和应收账款准备金</h2>
</div><p>Operating expenses fell to $6.3 million from $16.0 million, though the prior period included a $10.8 million goodwill impairment that distorts the comparison. Excluding that, OpEx increased by about $1.0 million year on year, primarily due to a $1.8 million noncash provision for credit losses tied to a single customer receivable.</p>
<div class="lb-trans"><p>运营费用从 1600 万美元降至 630 万美元，尽管前期包括 1080 万美元的商誉减值，扭曲了比较。剔除该项后，运营费用同比增加约 100 万美元，主要由于与单一客户应收账款相关的 180 万美元的非现金信用损失准备金。</p>
</div><h2>Working Capital Pressure and External Risk</h2>
<div class="lb-trans"><h2>营运资金压力和外部风险</h2>
</div><p>Working capital decreased by $2.7 million in the quarter to $6.2 million, with roughly $0.9 million of that decline tied to operations after adjusting for the large receivables reserve. Management also flagged headwinds from reduced U.S. federal EV spending and deployment delays tied to conflict in the Middle East as external risks.</p>
<div class="lb-trans"><p>本季度营运资金减少 270 万美元，降至 620 万美元，其中约 90 万美元的下降与运营相关，调整后考虑了大额应收账款准备金。管理层还指出，来自美国联邦电动车支出减少和与中东冲突相关的部署延迟的外部风险。</p>
</div><h2>Forward‑Looking Outlook</h2>
<div class="lb-trans"><h2>前瞻性展望</h2>
</div><p>Executives framed the business as being in an acceleration phase, pointing to a 50% backlog increase, Q2‑to‑date revenues already surpassing Q1 and a strong Q4 last year that was 50% higher sequentially. They expect revenue recovery as backlog converts, margins to benefit from improving unit economics and volume leverage, and diversification to mitigate policy and regional volatility.</p>
<div class="lb-trans"><p>高管们将业务框架视为加速阶段，指出订单积压增加 50%，第二季度迄今的收入已超过第一季度，以及去年第四季度的强劲表现比前一季度高出 50%。他们预计随着订单转化，收入将恢复，利润率将受益于改善的单位经济和销量杠杆，多样化将减轻政策和地区波动的影响。</p>
</div><p>Beam’s call left investors weighing short‑term financial weakness against improving fundamentals and a broadening growth platform. With robust backlog, expanding international and commercial channels, and solid liquidity, the company is positioning for a rebound, but execution on converting orders and lifting margins will be key for the stock from here.</p>
<div class="lb-trans"><p>Beam 的电话会议让投资者在短期财务疲软与改善的基本面和广泛的增长平台之间进行权衡。凭借强劲的订单积压、扩展的国际和商业渠道以及稳健的流动性，公司正在为反弹做好准备，但将订单转化和提升利润率的执行将是未来股票表现的关键。</p>
</div>

Beam Global 通过订单积压激增来平衡第一季度的挫折