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    Ryan

    Senior Research Analyst at B. Riley

    Ryan Pfingst is a Senior Research Analyst at B. Riley Securities, specializing in sustainable energy and technology equity research with coverage of companies such as Ameresco, Amprius Technologies, Aspen Aerogels, Beam Global, Blink Charging, Centrus Energy, ChargePoint, Energy Recovery, Enovix, Eos Energy Enterprises, FuelCell Energy, HASI, Montauk Renewables, NuScale Power, Oklo Inc., OPAL Fuels, and Plug Power. With nearly a decade of experience in the energy sector—including oil & gas and cleantech—he has delivered rigorous research and strategic recommendations that have supported numerous institutional clients and transactions. Pfingst began his career in equity research over six years ago, joining B. Riley after completing his B.S. in Business Administration with a Finance concentration at the University of Richmond. He holds a strong industry reputation for comprehensive coverage, with notable achievements in transaction support and sector analysis, and is recognized for his contributions to award-winning research teams.

    Ryan's questions to Beam Global (BEEM) leadership

    Ryan's questions to Beam Global (BEEM) leadership • Q2 2024

    Question

    Questioned the levers for future margin improvement beyond current initiatives, the final steps before the Beam Spot product launch, and the expected timeline for it to become a significant revenue contributor.

    Answer

    Future margin improvements will come from scale, further engineering/operational efficiencies, stabilizing component costs, and learnings from the European team, with a long-term goal of 50% gross profit. The Beam Spot product has key components integrated, with the first prototype installation in San Diego expected in the next couple of months, followed by aggressive marketing. Meaningful revenue from Beam Spot is anticipated in 2025.

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