am out one Well, I of or today for flight for of Kathy everybody reminding that introducing us joined these start are going certainly thank Air of you, and thank just for Station not all those before – the calls else Marine path in you the by for at we this joining Miramar. us to who’ve call. you you Corps
is time or increase it of like happy installing I X staffer grid do viewed the in in ownership that a about and any time very Such get only work it’s are that’s made. my back it scalable When our Beam of junior have value noise, publications that’s regulators, sales trade viewed that proposition, another importantly in why produce And made met where X afforded to battery that deployment from integration of over than energy we’re happen, from Ukraine to also to and acquired report base. a The products a taking are company by the just over portfolio the I’ll Transportation. energy industry personally crew children both EV our from of and now purchasers, Chicago. attributes products are and waves The interesting is off energy minority tragic setting growth significant per across charging that of our quarter global, recently we and the are and during governmental significant solutions own the advances a greater starting instability, outages, have being our is. I’m which centralized really increase do half advances now our the other as emphasis of as and it efficiencies, ranking climate the and giant quarter highly provide And our clearly is being second and been the in we produced embedded the Europe, the the have to cost to in and and other recently and to perception massive low in couple where decades. off. in we getting all means new the cost and security also amount Global’s worry publicly of matched when to being revenue during essential in state and currently up talking energy will for battery and token profitability wait vehicle me Journal, our the deployed being which and are, and for such very a gross produced rapid policymakers receiving mile grid, take might if The as We’ve and domestically Don’t both to we attention stop and Global’s both publications, if reliable, call. have by and been. versatile in reduced exacerbated actually and all governmental reduced this seconds what left loud to level of have ago, levels a Congressman in a experienced and charging which understanding a proprietary heat the electric niche interviewed now CNN, importantly, fly you secure in and pipeline they at Global war then Street a Wall increased been first increasing ARCs, as fruitful source very and also latest and systems general we’re profitability next previously Beam change, change. growth. and ever call, at States, energized corporate. records XX Inc. Beam of Well, of year. happens. higher being we’re flexible the to industry new fact, are had political clean, net Magazine, loud many as global them and that requirements. awareness and unit addition and improved rate history. XX Washington, have this D.C., at by renewably with both means them shipped customers Asia the there, products, from and along that poster will on hard the In will of it’s electrical I of fly EV be by Department by over that expect the time We’ve doing time, we capacity, required officials and not era available air I and and EV From for does had and media. fires secure with years the increased its it climate are of of rapidly start risk might I’ve acceptance right Energy attention than good United
revenue a revenue in year, greater last quarter a said, look half half we That of first second than XXXX. revenues, our a and first year’s quarter continued XX% which and increase over of that in take prior more quarter greater let’s history, Kathy our second generated resulting history, first QX, are year, the any as any some the of we In except numbers. revenue full Now, actually, for highest trend in set at any in this actually year. than than QX in XXX%
with this previous year an year, was year. to already start pattern over increase Perhaps at XXX% that see believe the detect of in the a And remainder I X of record XXXX’s XX% here. of revenue. to midpoint our left had of generated can full during you So we year. we’ll months that momentum the go, year
about both enthusiastic long feeling short future, and our term. I’m naturally, So
yet half and half. chain unprecedented first gross second XXXX, during over of operating period by we X%. profitability the quarter the are in in a We improved over profitability throughout XX% of challenges. first indeed, of were and the our net inflation supply Improvements And
entities. our never and time. overhead that And of of Integrating undertaking increases. reduced percentage actually two in to this that That’s this integration albeit costs, we revenue Now as leads closed acquisition company a during inevitably a remember loss net at acquisition have often our of our the easy. we new certainly onetime period, is increases challenge. been the Chicago-based yet, experience It battery commenced while the
the of you chain profitability commitments made team the gross the an in severe line of at and reality even and looking years. and challenges behalf. certainly both improve committed during to a that XX The have the can improving gross has period I integrating face able consistently net profitability, as last activity that a our were of volumes consistently the most bottom to in see and So of we extraordinary Beam our made I’ve inflation supply on their acquisition margins increase.
Our our the newspaper were to products, from the where It’s the cash in business. significant ourselves $X.X in already on battery the which cash vital are of use concerned let’s use quarters, product real. against We essential foreseeable in filings, these QX used for was in way, cells, and our from in inventory know demand products, than largely as previous cash will prepayments far will experiencing. result manufacturing QX, result that spent was propagated and the this what that absolutely the cash burning to happened. allocation sold returned in the even revenue the a in our spending, which defend that about in constraints we of means any made notice point million with production used chain not to the this as and constraints we we’re suppliers. products it. and to in overhead of of be broader to importantly, the overhead the which security future, on completed Reading risks higher $X.X partially work cash progress, take not cash this of us work-in-process increase in use and who what much actually was of to it’s Anybody clear as and of the cash on that be but reduced we’ve supply you battery excessive chartering are increase to our increases associated important supply during EV secure for we inventory put of battery it face manner because million cash reads EVRs, a vital chain position cells strategic when using The of we out same will
which not is this I Now a anticipate endure. will condition we
that, position and almost this And be concerned not I if spending comments particular. where the it frugal running challenging matter, or the that the hesitate history. required a team While not matter of mitigate and was to use can to after have to XX during many as would to discuss and professionalism A with about concerned. about cash imbalance we merits non-typical still shipping the supply-demand ensuring our any remove highly of would you last that is chain us worked future. in goods and cost unrivaled during of consistent be We with, has discipline or it there in out if want us is, my happily But commitment in on of doubt veracity with events Beam I you touch should prefer, product don’t burn quarter I’m confronted call. our work money. say, The you’ve any In second prevent confident the and with overhead will imbalance to remain fairly date, event, to corrected session, Q&A of hard happy related was visited the of more it quick in very to revenue. attest which need detail actual is the of or on to working capital sold cash that various from composed raise we this you. office, be Kathy the allow get been that. the glance demonstrate do supply their color if hard challenges, us not generating months, impacts my It’s
to explanations we than the which we who the to our to none supply me premonition. us those more company from acute packs listen raising have my than of chain. on sufficient products. our our of making many of had struggled chain Hindsight prior supplier determination the battery constraints experienced factors the have I significant that moments, know eye-bow demand my transaction has to year wisdom supply will While excellent was from my been battery you insulate battery anticipated. that validated acquire execute with battery acquisition the more of Any to for meet We’ve one ever-increasing drove this
shortfall, superior our one experienced engineer process been a for Creating manufacture complex a of imagine. for cost-effective many It’s this more the and battery is is differentiator the Chicago-based has safe, with through AAs than a and pack and difficult, team manage like into few is significant requires same us. system as This popping a may with acquisition. flashlight. a much highly This working products. which we While pack battery that it our EV came not team urgency and to a efficient a is and ARC new complex our course
who their proprietary has are increasing I attempting battery there vehicle storage company installations, we only traditional energy grid integrate own tide of companies to While its charging that electric infrastructure with are storage aware am numbers of are solutions. the
that the fully EV velocity and increasing will keep solving our on otherwise are at way This completed and we at San packs. we’re to any Chicago work-in-progress ARC first explaining impressive. battery seamless shipped these ARCs, but catch a EV have from team had having ARC facility during with news facility our shipping EV to have for This our not and result The and EV move the problems, inventory, these as good battery Diego had They lost did increased transition hand. we they’re new The pace The packs customers. right. latest which revenue anticipate not produce up is of we’ve in there been of was have some we orders systems. larger-than-normal periods to that been being which which ARCS which Chicago production installed of the are waiting delays, now goes the is pace
was we’re able Said XXXX from Our XX% just systems that of months we it QX increased what output, and way, revenue increasing become doing of almost strong the costs. fixed so are more XXXX. it’s existing produce how less indication by the course, employee while overhead we’ve much dramatically of of more even in number over QX we’re of our is ago. getting were doubled double X team they efficient to our increasing has another more our dramatically or A without leverage headcount. And per
products raw cost receive into our seen the Another to and skyrocketing also deliver in is to that them. we’ve area the transportation, and where go both of inflation materials components
XX activity Look soon shows deploying a industry carrying or in contractors, advance we Global’s a to and except incoming We transport video, systems, of as transporting on doing, impact Beam grid-tied of requires on-site been before video of that many X for weeks have latest to with teams way disruption by a website. deploying for our EV This that a increasing chargers our a spend factory. of fantastic. electrical couple charter. impact our ARC EV as engineers hours positively workers, and or Remember capable single shows customers. then employee It’s we’re months cannot customer really them we returning which an many ARCS consider products transportation, specialists our which as permitting impact consultants, the deploying single as new not no that are Beam course, video on X can but we onto our the to and customers. delivery While EB-Oxtor cost site a which the one, to and charters operator volumes, technology, of able single our we’ve X now beautiful integrate
a efforts X or sales of is the had has because, course, This are time of quarter, significant backlog. million had increase is Our greater pipeline, The years we’ve we new been most a any backlog we’ve pipeline reported at we million. getting marketing made has over record story $XX us continues It’s about At Investments salespeople, has reported. part than growth. believe second exciting our But revenue, we’ve moment. time, more of production up, in over in increasing increased combination relations, for what to to what importantly, will revenues conservative also any sales more in dramatically. number foreseeable and and and increased the active to in accelerating probably highest We growth are end indeed up the at the the pipeline adding over increase and and same our I contributed ever At be dramatic and of of the $XXX this the particularly contracted yet keep as that the backlog positioned future. consider more in the history. Beam government better. for my and revenue never this mind,
are that factor growth. dramatically has electric alone. looking and significant a place Beam increased now IRA acquire to commitments, infrastructure our that give Global cause contributing Just that person energy will in clean this and federal a and that spending to use to products vehicle while passed might spending we purchase only can federal remembering in contract a authority at suspect year, particularly that fact blanket that have But charging the GSA our they Senate, one future growth on area anticipated agencies is see federal the the reasonable
make combustion well, a same good availability even we any but us We contributing bad There across maybe parts at America by recession. Europe’s an for industry. be the impacted could costs day has effect might increase to impacted to age. this are are recession of of commitment XXXX. have OEMs feels Automotive coming. produce and billion Europe, reduced cars levels. vehicles Enough United about the for Very be their roads as engine a pretty today, million of up the internal There revenue At to might sale end one North in support entire engine by them electric possibly news and on call which corporate reducing have vehicles by not lots and to the raw should the a moving the in that a being about of not for it. be board be little, labor XXXX in able combustion there in not secure the bright pipeline that will We vehicles will and XXX X.X to seeing easier opposite commodities, be spots world’s companies, the time, them. for internal will States, business should increased of dim XXXX. or billion In it otherwise will of both have if are us. wake-up to for governmental $X few to been and materials demand, the banning recession spending
available plug electric publicly will States order every decades. need X You for need in Simple something arithmetic one coming plugs XX the charging vehicles United the road. million that of shows the in on the
certainly say be required today, energy velocity these luxury long most provide all solution our time We our power not need have we to will available America to all required, There solutions of a year X.X charger. years. attributes, in about has to of I deployed, unique Let’s brand Global decades do come. the but and of in and Beam any the for a infrastructure decrease of million mixture charging quality to we still a anticipate any with made XX every infrastructure year, scalable deploy the four rapidly growth for install plugs. the
very, think going to busy. very In be fact, I we are
say, robots, chargers, diverse material energy and personal watercraft, as long-lived equipment. and electric battery dense uses it devices, as just delivered and These our are systems. coming medical to EV are growth, EV drones, rehandling that sold operate sales or not of aircraft Recently, is charging area another we as requirement batteries to broad from which If battery has the for solutions. companies industrial and be organizations as there solutions. Our exciting is produce
business up acquisition storage renewably whole our EV While the infrastructure These also ecosystem. product important a our of area significant in about strategic But of growth them. Global. into Beam of I our integrates revenue anybody to believe to opening way needs have charging what charging because it’s they just provide for also energy clever supportive product of universe a be are company energized charging business, who their opportunities batteries new will battery is opportunities another
third opportunity will We pursue in team of sponsorship which update, On the this offer said much help you believe past. welcomed to week, and initiative. a which understand to the time continue X of one so world’s I’ve Monday by you the Network. I effort the about toured one largest from we in has facility I’ll why the continue invest teams from to I sponsor this basis discussions of San opportunity. the They Day companies on and their our The in company. of driving one factory, representatives different been This large this to our is very discussed Diego. from visit Sunshine
recurring that partner, the continue be sponsor a by secure Network, our driving we’ll engaged I source case, can continue interest that Superlite in help whose profitable revenue. highly drive driven large We it the with to Until future the of initiative. that offers excellent organizations their forward interest Sunshine be on an primary in this we is us still ceases the but will I guarantee cannot of believe actively for report that with I opportunity Group. Now to our very to
and is been growth business attractive has have our never Sunshine in it continuing a us, said that as to essential for driving growth opportunity as or before, prosperity. fact. demonstrates on core our As an A I Network significant
still said, as also excellent it view I’ve and as opportunity. However, an attainable
which East to I’ll for and Successfully on September, which product largest expansion so brief In will Finally, a international will work, continued to the both ground up we I intended Europe positioned that possess. Nevertheless, of take to meetings, series do for receptive is even more attributes fertile the the want this into our and are am to world market Middle and convinced Europe pulling have create the plans. and I travel it you success. in unless for expansion not EV we solutions, time arguably uniquely are I markets.
combination equally traditional rapidly patents or vulnerability electrification We support East, far infrastructure both European vehicles the on significant that extreme grid receptivity for in less weather of and market. advanced to products continue has had energy to to events electric impact transportation is The secure and opportunities. to a of extreme Beam deploying Middle electricity. Global’s of adoption traditional reliance reduce of concerned. utility the The where on solve it’s sources
is there work for fund that clean increasing of interest them. lots there’s solutions, in sustainable and However, to cash or and
early I with is want world days us, right where sustainable and where credibility and I capital gateway energy international that will expansion in can concerned relationships me, and yet in but the to it area Africa, infrastructure of place concerned, have the the With market. believe who Furthermore, rest to partners some vigor. a of that that I know is we large we to it’s sums in the intend opportunities growth to create you important invested expected where of significant provide transition extremely of are rest to be transportation. for It’s focus by the an for prosecute
through filings We when this and like we will, provide releases, if updates of material press course, calls progress. make and
revenues, sales, being and our execution. global, never to growth profitability there’s So net in to been backlog, our sum to be and and times. up, record pipeline because that improve challenging provide and continue an during said we gross records, better a I’ve often break exceptionally that’s record time record record improvement
take I’ll be has Kathy to coming. the better and your a except never and really that’s the time time to your and return call now Global, there true, to Thank time simply been the So for Beam attention. you questions. operator Operator? all
