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Beamr Issues Q1-2025 CEO Letter to Shareholders: Experiencing Rising Demand for Our Technology Across Key Verticals
GlobeNewswire News Room· 2025-05-12 11:00
Core Insights - Beamr Imaging Ltd. reported significant progress in Q1 2025, expanding sales initiatives and engaging with large-scale prospective customers [1][2] - The company aims for substantial revenue growth in 2025, driven by increased customer engagement and strategic partnerships [4][15] Sales and Market Engagement - Beamr's technology addresses challenges in large-scale video workflows, particularly in media, entertainment, and machine learning sectors [2] - The sales team was expanded with two new U.S.-based sales managers, and over 130 face-to-face meetings were conducted with customers and partners [3] - Participation in major industry events, including ACM Mile-High-Video 2025, NVIDIA GTC 2025, and NAB Show 2025, showcased Beamr's video solutions [3][6][7] Strategic Partnerships and Programs - Beamr joined the AWS ISV Accelerate program, enhancing visibility and co-selling opportunities with Amazon Web Services [4] - The company has developed its SaaS, Beamr Cloud, with new capabilities for video optimization and modernization [12][19] Financial Performance - For Q1 2025, Beamr generated approximately $0.63 million in revenue, a 55% increase from $0.41 million in Q1 2024, attributed to earlier recognition of a significant license renewal [14] - The company maintains a strong balance sheet with $15.2 million in cash and cash equivalents as of March 31, 2025 [14] Industry Recognition - Beamr's AV1 solution won the NAB Show Product of the Year award, highlighting its competitive offerings in video content upgrade [9][7] - The company continues to see growing interest and validation from larger industry players, indicating a promising outlook for business development [15]
Beamr to Participate in Upcoming Investor Conferences in May 2025
GlobeNewswire News Room· 2025-04-28 11:00
Company Participation in Conferences - Beamr Imaging Ltd. will present at the Ladenburg Thalmann Technology Innovation Expo in New York on May 21, 2025, at 10:30 am ET [2] - The company will also participate virtually in the Needham Technology, Media, & Consumer 1x1 Conference on May 12, 2025, with one-on-one meetings [1] Company Overview - Beamr is a leader in content-adaptive video optimization, trusted by major media companies such as Netflix and Paramount [3] - The company's perceptual optimization technology (CABR) is supported by 53 patents and has won an Emmy® Award for Technology and Engineering [3] - Beamr's technology can reduce video file sizes by up to 50% while maintaining quality [3] Product Offering - Beamr Cloud is a high-performance, GPU-accelerated video optimization service available to Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI) customers [4] - The service enables cost-effective video modernization to advanced formats like AV1 and includes efficient AI-powered enhancements [4]
Fast Track to AV1 with Beamr: High-Quality at a Fraction of the Cost
Globenewswire· 2025-04-02 11:35
Core Insights - Beamr Imaging Ltd. will present its high-performance AV1 solutions at the 2025 NAB Show in Las Vegas, emphasizing competitive pricing and advanced technology [1][4] - The company's AV1 technology, accelerated by NVIDIA GPUs, offers scalable and efficient upgrades with up to 30% additional compression compared to existing solutions [2][3] - Beamr's AV1 encoding is available at a quarter of the cost or less compared to CPU-based alternatives, aligning costs with AVC (H.264) encoding [3] Technology and Performance - Beamr's technology integrates with NVENC, NVIDIA's hardware-accelerated video encoder, enabling superior performance and high-quality results for AV1 upgrades [2][5] - The AV1 codec provides improved image quality and compression, but its adoption has been limited due to complexity and high costs [4] - Beamr's optimized AV1 files maintain full accuracy in AI applications, such as facial recognition and machine learning models [4] Market Accessibility - Beamr's solutions are readily accessible on cloud platforms like Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI), as well as private cloud and on-premises environments [3][8] - The company aims to simplify AV1 adoption for various industries, including media, entertainment, and AI [3][4] - Beamr's video optimization technology is backed by 53 patents and has received an Emmy® award for Technology and Engineering [7]
Beamr Cloud Now Available to Members of NVIDIA's Startup and ISV Programs at Special Rates
Newsfilter· 2025-03-19 16:10
Company Overview - Beamr Imaging Ltd. is a leader in video optimization technology and solutions, recently announcing the availability of its Beamr Cloud video service to members of NVIDIA's startup and ISV programs at special rates [1][2] - The company serves top media companies like Netflix and Paramount, and its technology is backed by 53 patents, having won an Emmy® award for Technology and Engineering [5] Product Offering - Beamr Cloud provides high-efficiency, scalable video processing, reducing video file size by 30%-50%, which lowers CDN, networking, and storage costs for video on demand (VoD) and live streaming up to 4K resolution at 60 frames per second [4] - The service enriches videos with AI-powered capabilities, such as visual enhancement and super resolution, in real time during the transcoding process, and supports all major video formats including AVC, HEVC, and AV1 [4][6] Strategic Partnerships - The collaboration with NVIDIA expands Beamr's engagement to over 22,000 startups and ISVs, enhancing their AI development and deployment capabilities [2][3] - NVIDIA's Inception program aids startups with developer resources, training, and preferred pricing on NVIDIA products, while NVIDIA Connect helps ISVs shorten time-to-market through training and exclusive pricing [3]
Beamr Cloud Now Available to Members of NVIDIA's Startup and ISV Programs at Special Rates
GlobeNewswire News Room· 2025-03-19 16:10
Core Insights - Beamr Imaging Ltd. has launched its Beamr Cloud video service for members of NVIDIA's startup and ISV programs, offering special rates to enhance AI development and deployment with GPU-accelerated video operations [1][2] Group 1: Company Overview - Beamr Imaging Ltd. is a leader in video optimization technology, providing high-quality, high-performance solutions for various industries, including media and entertainment, machine learning, and autonomous vehicles [2][5] - The company serves major media clients such as Netflix and Paramount, and its technology is backed by 53 patents, having won an Emmy® award for Technology and Engineering [5] Group 2: Product Features - Beamr Cloud, available on AWS and Oracle Cloud Infrastructure, offers scalable video processing that reduces video file size by 30%-50%, thereby lowering CDN, networking, and storage costs for video on demand (VoD) and live streaming up to 4K resolution at 60 frames per second [4] - The service enriches videos with AI-powered capabilities, including visual enhancement and super resolution, during the transcoding process, and supports all major video formats such as AVC, HEVC, and AV1 [4][6] Group 3: Strategic Partnerships - The collaboration with NVIDIA expands Beamr's reach to over 22,000 startups and ISVs, providing them with access to high-performance video solutions [2][3] - NVIDIA's Inception program offers startups resources, training, and preferred pricing on NVIDIA products, while NVIDIA Connect helps ISVs shorten time-to-market with expert guidance and exclusive pricing [3]
Beamr Cloud Now Available to Members of NVIDIA’s Startup and ISV Programs at Special Rates
Globenewswire· 2025-03-19 16:10
Core Insights - Beamr Imaging Ltd. has launched its Beamr Cloud video service for members of NVIDIA's startup and ISV programs, offering special rates to enhance AI development and deployment with GPU-accelerated video operations [1][2] Group 1: Company Overview - Beamr Imaging Ltd. is a leader in video optimization technology, serving major media companies like Netflix and Paramount, and is recognized for its innovative perceptual optimization technology, which has won an Emmy® award [5] - The company holds 53 patents related to its technology, which can reduce video file sizes by up to 50% while maintaining quality [5] Group 2: Product Features - Beamr Cloud provides high-efficiency, scalable video processing, reducing video file sizes by 30%-50% and lowering costs associated with CDN, networking, and storage for video on demand (VoD) and live streaming at up to 4K resolution at 60 frames per second [4] - The service supports all major video formats, including AVC, HEVC, and AV1, and enhances videos with AI-powered capabilities during the transcoding process [4][6] Group 3: Strategic Partnerships - The collaboration with NVIDIA expands Beamr's reach to over 22,000 startups and ISVs, facilitating the delivery of high-quality video solutions across various industries, including media, entertainment, and autonomous vehicles [2][3] - NVIDIA's Inception program provides startups with resources, training, and preferred pricing on NVIDIA products, while NVIDIA Connect helps ISVs accelerate their time-to-market [3]
Beamr to Present at the Loop Capital Markets 2025 Investor Conference
Globenewswire· 2025-03-10 11:00
Group 1 - Beamr Imaging Ltd. will present virtually at the Loop Capital Markets 2025 Investor Conference on March 10, 2025, with CEO Sharon Carmel and CFO Danny Sandler as presenters [1] - Beamr is a leader in content-adaptive video optimization and modernization, serving major media companies like Netflix and Paramount [2] - The company's perceptual optimization technology (CABR) is protected by 53 patents and has won an Emmy® award, enabling video file size reduction by up to 50% while maintaining quality [2] Group 2 - Beamr Cloud is a high-performance, GPU-based video optimization service available to AWS and Oracle Cloud customers, facilitating video modernization to advanced formats like AV1 and HEVC [3] - The service is designed for businesses and video professionals across various industries and is ready for video AI workflows [3]
Beamr Imaging .(BMR) - 2024 Q4 - Annual Report
2025-03-04 12:17
Exhibit 99.1 On February 20, 2024, we launched the Beamr Cloud SaaS solution, which enables high-efficiency, high-quality and scalable video processing at attractive pricing. Our new video cloud service, accelerated by GPUs, offers more capabilities than we initially expected, which include easy and cost-effective video standards modernization from AVC to HEVC and AV1. Beamr Issues Annual CEO Letter to Shareholders: Highlighting 2024 Achievements and 2025 Strategy - Capitalizing on Market Validation In 2025 ...
Beamr Issues Annual CEO Letter to Shareholders: Highlighting 2024 Achievements and 2025 Strategy - Capitalizing on Market Validation
Globenewswire· 2025-03-04 12:15
Core Insights - Beamr Imaging Ltd. is poised for significant revenue growth in 2025, leveraging strong market validation and a robust sales pipeline developed in 2024 [1][12][26] - The company launched Beamr Cloud, a SaaS solution for high-efficiency video processing, which has been well-received in the market [2][33] - Beamr has strengthened partnerships with industry leaders, including NVIDIA and Oracle, enhancing its market presence and technological capabilities [3][10][5] Financial Performance - In 2024, Beamr's revenues increased by $0.15 million, or 5%, reaching $3.06 million, attributed to new customer transactions [31] - The company ended 2024 with $16.4 million in cash and cash equivalents, a significant increase from $6.1 million at the end of 2023 [31] - Research and development expenses rose by 58% to $2.9 million, reflecting increased personnel and professional fees [31] Product Development and Innovation - Beamr Cloud was launched in June 2024, providing GPU-accelerated video optimization services on Oracle Cloud Infrastructure [9][33] - The integration of AI video capabilities into Beamr Cloud allows for automatic captioning and transcription in multiple languages [4] - The company plans to introduce more AI-driven solutions in 2025, focusing on enhancing video workflows and capabilities [19][20] Market Engagement and Collaborations - Beamr participated in eight major industry events in 2024, showcasing its technology and engaging with over 100 potential customers [5][6] - The company joined the AWS ISV Accelerate program in Q1 2025, enhancing its visibility and co-selling opportunities within the AWS ecosystem [12][14] - Beamr's collaboration with Oracle has resulted in improved video processing speeds by up to 30% [10] Strategic Focus for 2025 - The company aims to capitalize on its market validation and sales funnel to achieve significant revenue growth in 2025 [1][26] - Key target markets include media and entertainment, user-generated content, and IoT applications [22][20] - Beamr plans to maintain its leadership in AI video technology while expanding its customer base and partnerships [24][25]
Beamr Imaging .(BMR) - 2024 Q4 - Annual Report
2025-03-04 12:00
Financial Performance - The company reported net losses of $3.3 million, $0.7 million, and $1.2 million for the years ended December 31, 2024, 2023, and 2022, respectively, resulting in an accumulated deficit of $35 million as of December 31, 2024[76]. - The company has incurred substantial costs related to its transition to being a public company, which may strain resources and divert management's attention[75]. - The company anticipates that its future cloud-based SaaS revenues will have lower gross margins compared to legacy software licensing revenues due to associated cloud costs[99]. - The company may need to raise additional capital to meet business requirements, which could dilute existing shareholders' ownership interests[78]. - The company may experience fluctuations in quarterly results due to various factors, including customer satisfaction and the commercialization of products[100]. Product Development and Offerings - The company expanded its product offering to include Beamr Cloud, a new SaaS solution, which aims to provide up to 10x cost-effective video optimization compared to existing solutions[81]. - Beamr Cloud was launched in February 2024 and integrated with AWS, joining the AWS ISV Accelerate program in February 2025, indicating strong alignment with AWS's market strategies[81]. - The company launched its Beamr Cloud SaaS solution in February 2024, which is currently deployed on AWS and Oracle, with plans to expand to additional platforms like Azure and Google Cloud[88]. - In July 2024, Beamr Cloud integrated its first AI capability for automatic caption and transcription generation for videos in multiple languages[262]. - The company plans to enhance Beamr Cloud with more AI-driven capabilities to meet the needs of customers in various markets, including media and entertainment and autonomous vehicles[263]. Customer and Market Dynamics - For the years ended December 31, 2024, 2023, and 2022, the top ten customers accounted for approximately 68%, 67%, and 61% of the company's revenues, respectively[104]. - Future revenue growth is contingent upon the successful deployment of the Beamr Cloud solution and the ability to attract new customers while maintaining existing relationships[91]. - The company relies on renewals of subscriptions for a significant portion of its revenue, and customer satisfaction is critical for maintaining these renewals[117]. - The company is at risk of not achieving significant savings for customers, which could impact customer adoption and revenue growth[89]. - A significant percentage of customers may integrate the company's products with third-party applications, and changes by these providers could limit functionality and negatively impact demand[109]. Competition and Strategic Partnerships - The company faces significant competition in establishing strategic partnerships, which could impact the commercialization of its products[84]. - The company is collaborating with NVIDIA for the development of Beamr Cloud, indicating a strategic partnership to enhance product offerings[82]. - The company competes in a highly specialized video compression market with no direct competitors for its content-adaptive solutions, but faces competition from established companies and potential new entrants[110]. - The company faces risks related to strategic partnerships, including potential termination of collaborations, which could adversely affect liquidity and operational results[85]. Operational Risks and Challenges - The company faces risks if it cannot keep pace with technological changes and competitive developments, which may lead to its offerings becoming less marketable or obsolete[106]. - The company has previously experienced bugs and performance issues with new products, which could negatively impact customer adoption and revenue generation[107]. - The company is exposed to risks if significant customers do not renew contracts or reduce their purchases, which could adversely affect financial performance[105]. - The company depends on third parties for software development and customer support, which introduces risks related to quality and performance[122]. - The company anticipates needing to adjust its pricing model due to competitive pressures and price sensitivity in demand for its offerings[134]. Economic and Regulatory Environment - The company’s growth strategy may be hindered by unfavorable economic conditions, including inflation and geopolitical events, which could lead to delayed sales cycles and increased price competition[143]. - The company is exposed to risks associated with international operations, including changes in tariffs, labor regulations, and privacy laws[136]. - Changes in laws and regulations related to the internet could diminish demand for the company's offerings and harm its business[176]. - The repeal of net neutrality rules may lead to increased operating expenses for the company, adversely affecting its results of operations[177]. Corporate Governance and Compliance - The company identified material weaknesses in its internal control over financial reporting for the years ended December 31, 2021, and 2022, primarily due to insufficient internal accounting personnel and lack of segregation of duties[246]. - As of December 31, 2023, the company remediated the identified material weaknesses and reported no material weaknesses for the years ended December 31, 2023, and 2024[247]. - The company incurs significant increased costs as a result of operating as a public company, including legal, accounting, and compliance expenses[239]. - Compliance with the Sarbanes-Oxley Act will require substantial accounting expenses and management efforts, including the need to hire additional accounting staff[241]. International Operations and Geopolitical Risks - The ongoing conflict in Israel since October 2023 has not yet disrupted the company's operations, but future hostilities could have adverse effects[194]. - Political instability in Israel may adversely affect the economy and, consequently, the company's financial condition and growth prospects[196]. - Following Russia's invasion of Ukraine, various countries imposed economic sanctions against Russia, affecting the company's operations and personnel payments in the region[207]. - The company does not operate in sectors targeted by U.S. or EU sanctions and has not derived any revenues from Russia[210]. Shareholder and Equity Considerations - The principal shareholders collectively own approximately 29.3% of the company's outstanding ordinary shares, allowing them significant influence over corporate decisions[221]. - Future sales of substantial amounts of ordinary shares could adversely affect the market price of the company's shares[222]. - The company does not anticipate paying dividends on its ordinary shares in the foreseeable future, focusing instead on retaining funds for business operations and expansion[235]. - The company is classified as an "emerging growth company" and intends to rely on certain exemptions from reporting requirements, which may affect the attractiveness of its ordinary shares to investors[229].