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Beam Global  (EVSI)
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Beam Global's

Competitiveness


 

EVSI Sales vs. its Competitors Q1 2021



Comparing the results to its competitors, Beam Global reported Total Revenue increase in the 1 quarter 2021 by 59.14 % year on year.
The sales growth was above Beam Global's competitors average revenue growth of 3.52 %, recorded in the same quarter.

List of EVSI Competitors





Revenue Growth Comparisons




Net Income Comparison


Beam Global recorded net loss , despite income increase by most of its competitors of 0 %

<<  More on EVSI Income Comparisons


Beam Global's Comment on Competitors and Industry Peers


The market we address can be intensely competitive. We are subject to competition from a number of other companies manufacturing, selling, and installing solar power products in the commercial market, many of which have longer operating histories and greater financial and other resources than the Company.

EV Charging

In both instances they released publicly available Requests for Proposals for competing products and in both cases, though the contracts were competitively let, only Envision Solar demonstrated that it has a product which met their specifications. In both cases we were the only qualified respondents to the contracting process and in both cases, we were awarded multi-year, multi-million-dollar contracts.

The EV charging sector is growing rapidly with many companies playing different roles in the space. Companies such as Schneider, Eaton, Aerovironment, and Bosch manufacture EV charging units but do not offer charging services. Companies such as ChargePoint and Car Charging Group offer EV charging services and hardware but not, typically, installation. There are many companies which offer installation services typically from electrical and general contracting backgrounds. There are one or two companies which are endeavoring to find ways to monetize EV charging beyond generating revenue from services or hardware. Volta is a San Francisco based EV charging company which derives revenue through the sale of advertising. Volta gives charging away for free. They are deployed in a small number of shopping malls and other locations. Many solar companies are now fixing EV chargers to their parking lot structures and some are offering packages combining solar rooftop installations and EV charger installations for the residential market place. These installations are almost always grid tied and do not include energy storage. We know of no other company that has a fully self-contained, transportable, autonomous, solar powered EV charging solution and we know of no other company that offers a product which delivers DC fast charging solely from solar generation.

Outdoor Advertising

Envision’s role in the outdoor advertising space is currently anticipated by management to be one of delivering hardware solutions in the billboard, street furniture, and digital signage space. There are large well-established companies such as JC Decaux which specialize in the sale of advertising and also in the production of street furniture solutions. Other vendors in the space include Daktronics which makes digital billboards and street furniture. We have met with both companies and determined that neither has a transportable solar powered solution. Both companies have expressed that they recognize the value of EV charging infrastructure as a platform for DOOH. They have also expressed an interest in working with us though we have nothing definitive with either at this point. Either of them could compete with us if they determined to invest in developing solar powered products.

There are many companies which specialize in the placement of outdoor content on existing infrastructure, including but not limited to Capitol Outdoors, Vistar Media, EMC Outdoor and Outfront Media. We are under contract with OutFront and in contact with some others and intend to be in contact with more advertising media firms to educate them about our products. These companies can be seen as competition as they are in the business of taking as much of the market share as they can for outdoor advertising content. However, they do not always produce hardware. With that in mind we see these companies more as potential partners than competitors. Perhaps one of the most interesting entrants into the outdoor digital content placement market is Google. With its recent announcement of time and place-based content dispersal on outdoor digital screens, Google is taking its advertising placement technology outdoors. Google has several solar and energy projects underway and as such, could create solar powered outdoor advertising technologies. Google is currently a customer, purchasing EV ARC™ products for EV charging on their campuses.

The large outdoor advertisers such as ClearChannel, Outfront Media, Lamar and JC Decaux have combinations of larger format billboards, digital billboards, screens and street furniture. They use combinations of in house and outsourced resources to acquire hardware. We are not aware that any of them currently have solar powered solutions such as those that we offer, however, we have seen each of them pay close attention to sustainable options such as using solar panels adjacent to billboards to power them. We will endeavor, wherever possible, to sell products to these companies. Each of them could create competing products to ours.

Energy Security

Our focus in energy security is to produce solar powered products which include battery energy storage and which can dispatch power during times of grid or carbon fueled generator failure. There are many companies, both large and small, with solar energy solutions, many with battery storage solutions, and many with combinations of both capabilities. As our focus is on creating products from the combination of solar power generation and energy delivery and storage, we view the competition from companies producing these types of solutions to be most relevant to our business. Companies in this space range from small startup companies like Green Charge Networks to behemoths like General Electric and NEC. Siemens, Eaton, Schneider and other large electrical component companies are all also working on combined renewables/storage product solutions. We are in contact with all these companies and have not observed that any of them have a product which provides all the same value and differentiation that our EV ARC™ product delivers.

While we believe that our proprietary designs and our deployment strategies differentiate us from our competitors in the market, there is no assurance that our business, operating results, and financial condition will not be materially adversely affected by our competitors.





  

Overall company Market Share Q1 2021

Due to outstanding performance in Overall company, revenue grew by 59.14 % Beam Global improved its market share, to approximate 0 %.





<<  More on EVSI Market Share.
 

*Market share calculated with total revenue.


EVSI's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Beam Global 7 106 -6 17
Ascent Solar Technologies inc 0 2,633 -3 71
Sunhydrogen Inc 0 170 -200 1
Jinkosolar Holding Co ltd 5,384 9,787 51 12,700
New Global Energy, Inc. 0 0 0 1
Renewable Energy & Power, Inc. 1 1 -2 5
Real Goods Solar, Inc. -3 1 -23 140
Sunrun Inc 1,046 10,855 -722 3,260
First Solar Inc 2,969 9,851 563 6,060
Novaccess Global Inc 2 7 -7 2
Vivint Solar Inc 378 5,378 -456 2,322
Solaredge Technologies Inc 1,434 16,789 128 1,007
Athlon Acquisition Corp 0 268 5 3
Sunvalley Solar, Inc. 6 0 2 32
Spi Energy Co Ltd 139 0 -6 327
Enphase Energy Inc 1,061 27,262 183 336
Crane Co 2,973 5,708 227 0
Emerson Electric Co 17,064 60,443 2,157 103,500
Honeywell International Inc 33,959 160,938 5,055 131,000
Johnson Controls International Plc 23,230 51,201 2,044 139,000
Te Connectivity ltd 14,366 49,597 1,697 72,000
General Electric Co 76,742 873,265 -2,488 305,000
Aptiv Plc 13,863 45,861 555 0
Berkshire Hathaway Inc 245,728 521,415 18,963 0
Emcor Group Inc 9,225 6,603 323 27,000
Fuel Tech Inc 24 53 -1 198
Osler Inc 0 63 0 2
Borgwarner Inc 11,895 11,148 524 30,000
China Automotive Systems Inc 401 128 0 4,230
Lear Corp 17,942 10,101 376 136,200
Sorl Auto Parts Inc 540 91 28 3,070
Stoneridge inc 659 779 -11 4,100
Allison Transmission Holdings inc 2,258 4,293 367 2,700
Gentherm Incorporated 1,043 2,746 94 10,098
Exeled Holdings Inc. 0 0 2 6
Abb Ltd 26,134 78,742 5,205 135,000
Bel Fuse Inc 472 30 20 0
Hubbell Inc 4,417 11,081 367 16,200
American Superconductor Corp 87 365 -22 354
Cts Corporation 495 1,141 39 322
Eaton Corporation Plc 19,272 64,959 1,888 102,000
Kyocera Corp 13,537 20,233 1,045 75,940
Semileds Corp 5 34 -1 187
Powell Industries Inc 458 339 6 1,841
Rubicon Technology Inc 4 23 0 20
Sunpower Corp 982 4,333 2 7,306
Yingli Green Energy Holding Co Ltd 648 260 -241 9,217
Superconductor Technologies Inc 1 8 -2 22
Telkonet Inc 6 6 -2 49
SUBTOTAL 550,852 2,069,092 37,722 1,342,846


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