Beam Global (BEEM) — Annual Report

Key Insights

• Beam Global's cybersecurity oversight is a key focus of the Audit Committee, which receives regular updates from management on cybersecurity matters and is promptly notified of significant threats or incidents.
• The company has implemented a company-wide cybersecurity strategy, policy, and standards to assess and address cybersecurity risks across relevant departments.
• Beam Global's customer concentration risk is notable, with a significant portion of sales and accounts receivable coming from federal, state, and local government customers, as well as one key customer.