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The Beam


Series A | Dead

Total Raised


Last Raised


About The Beam

Provider of an online cross-industry directory for sustainable, residential green building, and home improvement professionals. The company provides an interactive resource designed to enable architects, designers, contractors, trade workers, real estate agents, and developers to connect with other skilled professionals. [Keywords: cleantech, environment]

Headquarters Location

907 Massachusetts Avenue

Cambridge, Massachusetts, 02139,

United States

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The Beam's Products & Differentiators

    Beam Connected Toothbrush and Beam Perks Rewards Program

    The Beam Brush is a connected toothbrush that tracks members’ brushing habits. Employers can then earn lower rates at policy renewal for their employees based on how well their employees brush their teeth. It’s like telematics for your teeth. Coupled with the Beam Perks rewards program that was just launched this year, members can earn points simply by brushing their teeth – ideally twice per day for two minutes. These points can then be used to purchase toothbrush replacement heads, toothpaste and floss.

Latest The Beam News

Beam Global Shines Brightly in the EV Infrastructure Space

May 18, 2023

Key Points Beam makes 100% sustainable EV charging and energy storage solutions. Its EV ARC charging system is solar-powered and requires no construction and no electricity or connection to the electric grid. Beam had record Q1 2023 revenues of just 225% YoY to $13 million and a backlog of $52 million. BEEM stock has a 14.2% short interest. Beam’s cleantech EV ARC charging systems require no electrical connection to the grid, no construction buildout and store their electricity. It uses sustainable energy from solar panels to enable fast EV charging in as little as 30 minutes. Gates Cap Management Reduces Risk After Rare Down Year Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy Read More Each 4.3kW solar array EV ARC can charge six EVs simultaneously. The product works best in geographies with plenty of sunshine, like California, North Africa and the Middle East. The company also makes custom electric batteries to fit into small, unique spaces. Shares have fallen from a high of $76 in December 2020 to a low of $8.51 in April 2023. Table of Contents Show Sales Beaming Higher On May 15, 2023, Beam released its Q1 2023 results for the period ending March 31, 2023. The company reported an earnings-per-share (EPS) loss of ($0.38) versus consensus analyst estimates for a loss of ($0.31), beating estimates by $0.07. Revenues rose 245% YoY to a record $13 million, beating analyst estimates by $4.68 million. Beam raised EV ARCA prices by 8.25% and had record EV ARC unit deployments up 233%. The company had record Q1 new purchase orders of $5.45 million, comprised o 51% government and 49% commercial. Beam ended Q1 with a backlog of $52 million. The company has $5 million in cash and an untapped $100 million credit facility. CEO Insights Beam Global CEO Desmond Wheatley commented, “ As we’ve increased volume, which has been very dramatic, the overhead burden is shared amongst a greater number of units, and therefore, the burden on gross margin is less,” he explained. “Beyond that, we are becoming more efficient, and our engineering teams are improving upon our product, making it higher quality but less expensive.” This is the eighth consecutive quarter of growth. There is no issue regarding demand; focus is being placed on deliveries. The company delivered 150 EV ARCs, up from 103 in Q4 2022. The company will continue its accelerating trend of production. The improvement in volumes will result in improvements in gross profits. The company generated gross profits in Q1 2023 versus a (8.1%) gross loss in the previous quarter. EV ARC Production Cost Savings Beam engineers discovered $10,000 to $12,000 savings producing a better EV ARCA system. This will result in a 16% to 20% margin improvement. The improvements will see impacts starting from Q2 2023. The robust government and commercial demand have enabled the company to bump prices by 8.25% on the base model. EV ARC is a patented product with no direct competitor. Material costs are expected to decline through the remainder of 2023. Needham Reiterate Hold Rating On Mar 30, 2023, Needham analyst Chris Pierce reiterated the Hold rating on Beam stock. He felt Beam needs to show a path to EV ARC margin improvement in 2023 after providing that it can sell EV ARCs in 2022. Beam Global analyst ratings and price targets can be found on MarketBeat. Weekly Falling Price Channel The weekly candlestick chart on BEEM illustrates the falling price channel that commenced again from $17.17 in March 2023. Shares continued to make lower highs on bounces and lower lows on sell-offs. BEEM formed a swing low at $8.51 in May 2023. The weekly market structure low (MSL) breakout triggered through $10.36 on Q1 2023 earnings. ] The weekly 20-period exponential moving average (EMA) resistance falls at $13.21, followed by the 50-period MA at $14.72. The weekly stochastic has crossed up but is still oversold at the 10-band. Pullback support levels are $10.36 weekly MSL trigger, $9.30, $8.51 swing low and $7.54. Before you consider Beam Global, you’ll want to hear this. MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Beam Global wasn’t on the list. While Beam Global currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

The Beam Frequently Asked Questions (FAQ)

  • Where is The Beam's headquarters?

    The Beam's headquarters is located at 907 Massachusetts Avenue, Cambridge.

  • What is The Beam's latest funding round?

    The Beam's latest funding round is Series A.

  • How much did The Beam raise?

    The Beam raised a total of $5.17M.

  • Who are the investors of The Beam?

    Investors of The Beam include VantagePoint Capital Partners.

  • Who are The Beam's competitors?

    Competitors of The Beam include Aetna and 3 more.

  • What products does The Beam offer?

    The Beam's products include Beam Connected Toothbrush and Beam Perks Rewards Program.

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