Earnings Call Insights: Beam Global (BEEM) Q1 2026 Management View "Our backlog grew 50% during the quarter from $6 million at December 31 of '25 to $9 million at March 31 of '26" (Chief Financial Officer Lisa Potok), and she said "our Q2 2026 revenue through today has already exceeded our first quarter results, a clear signal that the business is accelerating." "We made our first EV ARC sale in A...
Earnings Call Insights: Beam Global (BEEM) Q1 2026 Management View "Our backlog grew 50% during the quarter from $6 million at December 31 of '25 to $9 million at March 31 of '26" (Chief Financial Officer Lisa Potok), and she said "our Q2 2026 revenue through today has already exceeded our first quarter results, a clear signal that the business is accelerating." "We made our first EV ARC sale in Abu Dhabi for public EV charging" (Chief Financial Officer Potok), alongside product and market updates that included: "We launched a patented autonomous wireless charging system for autonomous vehicles" and "we were selected to supply patented battery systems for drones." "Our first quarter revenue was $3.1 million, a decrease of 51% compared to $6.3 million in Q1 of '25" (Chief Financial Officer Potok). She attributed the change to timing and demand factors, including "2 large orders moving out of the quarter," "a seasonally slow period for our European operations" and "the ongoing reduction in federal government EV spending." "Our gross results included $0.7 million of noncash depreciation and intangible amortization and cost of revenues" (Chief Financial Officer Potok), and she added: "Excluding these items, the adjusted non-GAAP gross margin was 9.4%, compared to 20.6% in the prior year period." "Our operating expenses were $6.3 million compared to $16 million in Q1 of '25" (Chief Financial Officer Potok), highlighting that the prior year included "a noncash goodwill impairment charge of $10.8 million" and that the current quarter included "a $1.8 million noncash provision for credit losses related to a single customer balance." "Our net loss was $6.9 million compared to $15.5 million in Q1 of '25" (Chief Financial Officer Potok), and she specified: "Excluding these items, the non-GAAP net loss was $3.7 million compared to $3 million in Q1 of '25." "Our international customers comprised 51% of revenues in Q1 of '26 versus 25% in Q1 of '25" (Chief Financial Officer Potok...
Malaysian police will investigate claims that fugitive financier Jho Low returned to the country for secret meetings. Inspector-General of Police Mohd Khalid Ismail said the claims that Low, whose full name is Low Taek Jho, had come to Malaysia for meetings had not been verified. “We have not verified whether the claims are true or otherwise,” he told reporters on Saturday. “We will take appropria...
Malaysian police will investigate claims that fugitive financier Jho Low returned to the country for secret meetings. Inspector-General of Police Mohd Khalid Ismail said the claims that Low, whose full name is Low Taek Jho, had come to Malaysia for meetings had not been verified. “We have not verified whether the claims are true or otherwise,” he told reporters on Saturday. “We will take appropriate action to investigate the matter further.” He was commenting on an article by Sarawak Report...
bgwalker/iStock Unreleased via Getty Images Introduction I have written two reports on Duolingo ( DUOL ), giving both a Strong Buy rating, and since then the stock has decreased 46% after the first report and 6% after my second report . Duolingo has been struck with multiple bearish theses since it traded near $500. The first threat was that CEO and founder Luis von Ahn made controversial comments...
bgwalker/iStock Unreleased via Getty Images Introduction I have written two reports on Duolingo ( DUOL ), giving both a Strong Buy rating, and since then the stock has decreased 46% after the first report and 6% after my second report . Duolingo has been struck with multiple bearish theses since it traded near $500. The first threat was that CEO and founder Luis von Ahn made controversial comments about the company’s intention to become an AI-focused company and encouraged its employees to use AI in their everyday work. With other controversies like Luis intending to replace teachers and other education workers, users of Duolingo boycotted it and the stock declined roughly 50%. This decrease was further exacerbated by the idea that AI and translation apps will replace Duolingo, and then a slowdown in DAU and MAU metrics supported the bear case. The final nail in the coffin was the so-called SaaSpocalypse, with the worry that AI will change the seat pricing model of SaaS as it will absorb the UI interaction and therefore commoditize it. I will not explain why I think the market is wrong; you can check my other articles for that. The reality is that Duolingo was priced for perfection, and despite putting up great numbers, any evidence of declining growth is detrimental to its price. Q1 FY26 Earnings In its Q1 FY26 earnings , Duolingo reported a general decline in user metrics growth rates, with paid subs growth declining from 28% in Q4 to 21%. The most worrying metrics are its DAU and MAU growth rates declining from 30% to 21% and from 14% to 6%. One thing that I think is very important and analysts are not talking about is that management made it extremely hard to find its Q1 MAU metric. It is the first quarter where its MAU metrics were not in the first page of its shareholder letter and on the first pages of its 10-Q. In fact, its MAU metrics are only mentioned in a footnote of one of the tables and in a random sentence in the 10Q. This is a red flag to me, as hist...
Cranbrook, Kent: The swarm has gathered in a plum tree, looking for a new home. And I have just the place There comes this moment in May when I’m still anticipating the fresh green of spring, but looking up at the oak see it in a lustreless summer hue. A little rain would renew its sheen, but it’s been dry for weeks and there is no reprieve from this fleeting sense of loss. Abruptly, there comes a...
Cranbrook, Kent: The swarm has gathered in a plum tree, looking for a new home. And I have just the place There comes this moment in May when I’m still anticipating the fresh green of spring, but looking up at the oak see it in a lustreless summer hue. A little rain would renew its sheen, but it’s been dry for weeks and there is no reprieve from this fleeting sense of loss. Abruptly, there comes a noise, a rising hum almost mechanical in tone, but as I look for the contraption responsible, I see instead a mass of insects flowing over the line of hawthorns. The honeybee swarm swirls in a cloud before the queen, imperceptibly landing, triggering a leisurely implosion. Guided by pheromones, thousands of worker bees join her to form a solid ball, hanging precariously from the twig of a plum tree. Continue reading...
bluebay2014/iStock via Getty Images Although the index is lower to round out the week, the S&P 500 repeatedly reached more record highs recently. With the rally largely unabated, the index has been in overbought territory (> one standard deviation above its 50-DMA) every single session since April 14th. Not only has the S&P been overbought, but firmly so. Of the 24 consecutive sessions in overboug...
bluebay2014/iStock via Getty Images Although the index is lower to round out the week, the S&P 500 repeatedly reached more record highs recently. With the rally largely unabated, the index has been in overbought territory (> one standard deviation above its 50-DMA) every single session since April 14th. Not only has the S&P been overbought, but firmly so. Of the 24 consecutive sessions in overbought territory, the past 23 have seen the index close at least 1.5 standard deviations above its 50-DMA. As shown below, this is now the longest streak of firmly overbought readings (consecutive trading days with the index at least 1.5 standard deviations above its 50-DMA) since September 2020. Looking back to the start of the 5-day trading week in 1953, there have been a total of 22 other streaks of at least 23 days. The longest of these extended to 33 straight sessions in March 1983 and May 1967. Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
Torsten Asmus/iStock via Getty Images By Jennifer Nash The U.S. Energy Information Administration (EIA) has released its latest Short-Term Energy Outlook (STEO), providing forecasts for energy markets. This article presents the annual production outlooks for crude oil, natural gas, and natural gas liquids (NGLs), comparing the May 2026 projections against the previous month's estimates. These fore...
Torsten Asmus/iStock via Getty Images By Jennifer Nash The U.S. Energy Information Administration (EIA) has released its latest Short-Term Energy Outlook (STEO), providing forecasts for energy markets. This article presents the annual production outlooks for crude oil, natural gas, and natural gas liquids (NGLs), comparing the May 2026 projections against the previous month's estimates. These forecasts are particularly relevant for energy infrastructure companies operating in the U.S. The Role of Energy Infrastructure in the Economy Energy infrastructure forms the bridge between energy production (supply) and consumption (demand). It includes the transportation, storage, and processing of crude oil, natural gas, and NGLs through a network of pipelines, terminals, and other infrastructure. "The global economy requires vast amounts of energy. As the world’s largest producer of oil, natural gas, and NGLs, energy infrastructure plays a critical role in connecting US energy production with domestic and global demand," adds Stacy Morris, Head of Index Product Research at TMX VettaFi. U.S. Crude Oil Production Outlook The May 2026 STEO shows an increase in both the near-term and long-term forecasts for U.S. crude oil production compared to the April 2026 estimates. The forecast for 2026 was raised by 1.03% to 13.65 million barrels per day (MMBpd). Most notably, the estimate for 2027 shows a forecast of 14.10 MMBpd, which represents a 1.10% increase from the April estimate of 13.94 MMBpd. Based on the latest figures, this results in a projected yearly growth of 0.5% from 2025 to 2026 and a robust growth of 3.3% from 2026 to 2027. U.S. Natural Gas Production Outlook The forecast for U.S. marketed natural gas production showed an increase to forecasts in the May 2026 STEO. The 2026 forecast saw an upward revision of 1.0% to 121.82 billion cubic feet per day (Bcf/d), and the long-term estimate for 2027 was raised by 2.1% to 126.791 Bcf/d. These updates represent a projected ye...
The Long Island Rail Road , the nation’s busiest commuter line, will suspend service for the first time in more than 30 years after labor groups and transit officials failed to reach a deal on wage increases by a Friday night deadline. About 3,500 engineers, electrical workers and signalmen will walk off the job Saturday for the first time since 1994. Kevin Sexton, national vice president at the B...
The Long Island Rail Road , the nation’s busiest commuter line, will suspend service for the first time in more than 30 years after labor groups and transit officials failed to reach a deal on wage increases by a Friday night deadline. About 3,500 engineers, electrical workers and signalmen will walk off the job Saturday for the first time since 1994. Kevin Sexton, national vice president at the Brotherhood of Locomotive Engineers and Trainmen, announced the strike at a press conference after midnight following two days of negotiations that failed to produce a deal. “Regrettably, as 12:01 a.m. this morning, we are striking the Long Island Rail Road,” Sexton said. The suspension will increase traffic even more on Long Island roadways as roughly 300,000 weekday riders will need to find other ways to get around the island and into New York City. The LIRR labor groups are seeking a 5% boost, or close to it, to keep up with inflation, while the Metropolitan Transportation Authority , a state agency that runs New York City subways and buses as well as the LIRR and Metro-North commuter lines, has said that such a hike would force it to raise fares more than anticipated or reduce service. “We cannot responsibly make a deal that implodes the MTA’s budget,” Janno Lieber, chief executive officer at the Metropolitan Transportation Authority, said at a separate press briefing after union leaders spoke to reporters. The suspension comes just a week before peak tourist season for Long Island, which begins on Memorial Day weekend. LIRR ridership typically soars during the summer months as New York City residents head out to Long Island’s beaches, including the Hamptons. A strike will cost the area $61 million of lost economic activity per day, according to Thomas DiNapoli , the state’s comptroller. Read More: LIRR Strike Threat Inches Closer as MTA, Unions Fight Over Pay It’s the second passenger-rail strike in the New York City region in roughly a year. New Jersey Transit , which ...
A rare strain of Ebola with no approved vaccine or treatment may have circulated undetected for weeks in conflict-hit northeastern Democratic Republic of Congo before killing dozens of people. Laboratory testing by the National Institute for Biomedical Research in Kinshasa confirmed the outbreak is caused by the Bundibugyo strain, the World Health Organization said Friday. The virus has caused onl...
A rare strain of Ebola with no approved vaccine or treatment may have circulated undetected for weeks in conflict-hit northeastern Democratic Republic of Congo before killing dozens of people. Laboratory testing by the National Institute for Biomedical Research in Kinshasa confirmed the outbreak is caused by the Bundibugyo strain, the World Health Organization said Friday. The virus has caused only two previous known outbreaks, in Uganda in 2007 and eastern Congo in 2012. About 246 suspected cases and 65 deaths have been reported mainly in Mongbwalu and Rwampara health zones in Ituri province, near the Ugandan border, with additional suspected infections in Bunia, the provincial capital, Africa Centres for Disease Control and Prevention said . Four deaths have been confirmed among laboratory-positive cases. Ebola is among the world’s deadliest infectious diseases , killing between roughly a quarter and almost 90% of infected people depending on the virus species and the medical care available. The Zaire strain, discovered in 1976 near the Ebola River in what is now Democratic Republic of Congo, caused the devastating West African epidemic a decade ago and has received the most research funding, leading to licensed vaccines and treatments . “Ebola Zaire is the one that got all the attention, for very good reasons,” said Susan McLellan , director of the biocontainment care unit at the University of Texas Medical Branch, in an interview. The development of medical countermeasures, including monoclonal antibodies and vaccines, is less advanced for Bundibugyo, she said. Clinicians would likely still consider Gilead Sciences Inc. ’s remdesivir for Bundibugyo infections, McLellan said. Laboratory research has suggested the strain may be more susceptible to the antiviral than Ebola Zaire. Uganda Case Uganda has also confirmed a Bundibugyo Ebola case in a Congolese patient who died at a hospital in Kampala after traveling across the border for treatment. WHO is deploying add...
Netlist (OTCMKTS:NLST) reported record quarterly revenue for the first quarter of 2026, citing strong demand for memory products, tight industry supply and higher DRAM pricing as key drivers of its performance. Chief Executive Officer Chuck Hong said the company delivered “a strong first quarter pe
Netlist (OTCMKTS:NLST) reported record quarterly revenue for the first quarter of 2026, citing strong demand for memory products, tight industry supply and higher DRAM pricing as key drivers of its performance. Chief Executive Officer Chuck Hong said the company delivered “a strong first quarter pe
US and Nigerian forces killed an ISIS leader who was hiding in Africa, President Donald Trump said, adding that his death has “greatly diminished” the group’s global operations. Trump said Abu-Bilal al-Minuki was second in command of ISIS globally and referred to him as the “most active terrorist in the world,” according to a post on Truth Social. “He will no longer terrorize the people of Africa,...
US and Nigerian forces killed an ISIS leader who was hiding in Africa, President Donald Trump said, adding that his death has “greatly diminished” the group’s global operations. Trump said Abu-Bilal al-Minuki was second in command of ISIS globally and referred to him as the “most active terrorist in the world,” according to a post on Truth Social. “He will no longer terrorize the people of Africa, or help plan operations to target Americans,” Trump said, thanking the Nigerian government for its partnership on the military operation. In December, the US launched a military strike in Nigeria against Islamic State targets in a security and intelligence collaboration with the African nation’s government. Read more: Why Trump Ordered a US Strike on Militants in Nigeria: QuickTake
The incident happened near Perth about 10am on Saturday, a St John WA ambulance service spokesperson says Get our breaking news email , free app or daily news podcast A man is in a critical condition after being attacked by a shark at a popular holiday island. The incident happened at Rottnest Island, near Perth, about 10am on Saturday, a St John WA ambulance service spokesperson said. Continue re...
The incident happened near Perth about 10am on Saturday, a St John WA ambulance service spokesperson says Get our breaking news email , free app or daily news podcast A man is in a critical condition after being attacked by a shark at a popular holiday island. The incident happened at Rottnest Island, near Perth, about 10am on Saturday, a St John WA ambulance service spokesperson said. Continue reading...