UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of March 2025
Commission file number: 001-41523
BEAMR IMAGING LTD.
(Translation of registrant’s name into English)
10 HaManofim Street
Herzeliya, 4672561, Israel
(Address of principal executive offices)
Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
CONTENTS
Attached hereto and incorporated
herein is the Registrant’s press release issued on March 4, 2025, titled “Beamr Issues Annual CEO Letter to Shareholders:
Highlighting 2024 Achievements and 2025 Strategy - Capitalizing on Market Validation”.
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
| |
Beamr Imaging Ltd. |
| |
|
| Date: March 4, 2025 |
By: |
/s/ Sharon Carmel |
| |
Name: |
Sharon Carmel |
| |
Title: |
Chief Executive Officer |
3
Exhibit 99.1
Beamr Issues Annual CEO Letter to Shareholders:
Highlighting 2024 Achievements and 2025 Strategy - Capitalizing on Market Validation
In 2025, Beamr plans
to leverage the strong market validation it has gained in numerous meetings with prospective customers across key target
markets, as well as participation in major events with industry leaders
Herzliya, Israel, March 04, 2025 (GLOBE NEWSWIRE)
-- Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization technology and solutions, today
issued a Letter to Shareholders from Sharon Carmel, Chief Executive Officer.
Dear Shareholders:
As we look toward a promising
and exciting year ahead, I am proud to reflect on Beamr’s achievements throughout 2024, including our financial results and strong
cash position for 2024, our recent accomplishments so far in Q1 2025, and look forward to our plans for Q2 2025. We believe that during
2025, Beamr will capitalize on the significant validation it has created in 2024 and convert prospects in the sales funnel into significant
revenue growth in the next quarters.
2024 Highlights
Beamr Cloud and AI workflows
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.
Following the launch of Beamr Cloud, throughout
the year, we continued to strengthen our relationships with industry leaders, such as NVIDIA, to highlight the benefits and features of
using our technology in real time with AI video workflows.
In Q2 2024, we successfully
executed on our product development plan, and the first AI video capabilities were integrated into Beamr Cloud. The
AI video enhancements allow automatic caption and transcription generation for videos in multiple languages. Incorporating these
AI features was a first step in augmenting Beamr Cloud with cutting-edge services.
We
incorporated customer feedback by enhancing Beamr Cloud’s core functionality, making it ready for adoption at scale, which
includes:
| ● | Giving users more control over the compression process using custom presets;
and |
| ● | Adding packaging for streaming. |
Furthermore,
we plan to continue introducing improvements to Beamr Cloud, making it easier to use and allow customers higher configurability and flexibly
using the service.
Collaborations with Industry Giants
In 2024, Beamr highlighted its market presence
by participating in eight leading trade shows and conferences, including ACM Mile High Video, GTC, NAB, SIGGRAPH, Oracle CloudWorld, IBC
,Demuxed and AWS re:Invent.
In IBC, Beamr showcased a demo of live video optimization
at 4K and up to 60 frames per second (4Kp60). In SIGGRAPH, we presented with Oracle Cloud Infrastructure (OCI) an optimized
production of large, high-quality, high-resolution videos rendered from 3D design.
During these events, Beamr executives delivered
high-impact presentations to hundreds of industry professionals, showcasing our innovative technology and expanding SaaS solutions. Furthermore,
we held over 100 face-to-face meetings with existing and prospective customers. These efforts focused on differentiating Beamr in the
video market and highlighting the value of our high-quality, high-efficiency, GPU-accelerated SaaS offerings to key and prospective customers
in emerging markets, such as Media & Entertainment, User-Generated content and Internet-of-Things.
Oracle Cloud Infrastructure (OCI)
Beamr Cloud was launched on OCI in June
2024. OCI is the second cloud service that provides to its customers Beamr’s GPU-based video optimization services, following AWS.
David Hicks, Oracle’s
group vice president, Worldwide ISV Cloud Business Development commented: “Beamr’s commitment to innovation with the Oracle
Cloud and quality execution helps our mutual customers receive cloud-enabled, automated, and scalable video processing solutions ready
to meet critical business needs.”.
The collaboration
with OCI has opened up access to customers of both companies to the newest generation of GPUs, and preliminary
testing showed the potential for increased video processing speed by up to 30%. Alongside the enhanced
service on a second cloud platform, Beamr has achieved “Powered by Oracle Cloud Expertise” status and was chosen as one
of OCI’s AI innovators.
Fundraising Activities
Following our initial
public offering on Nasdaq in March 2023, in February 2024, we raised gross proceeds of $13.8 million in an underwritten offering. At the
end of 2024, we had $16.4 million in cash and cash equivalents.
2025: Capitalizing on Market Validation
and Materializing the Sales Funnel into Significant Revenues
Market Validation: Amazon Web Services
- ISV Accelerate
In Q1 2025, Beamr joined
the AWS ISV Accelerate program, a global co-sell initiative for Amazon Web Services (AWS) partners. As an Independent Software Vendor
(ISV) in the program, Beamr demonstrates strong alignment with AWS’s go-to-market strategies and initiatives. Beamr had progressed
from listing on AWS Marketplace to becoming an ISV Accelerate Member in just three months.
In order to achieve the
high bar to ISV Accelerate program, Beamr was required to have 10 opportunities with AWS and go through a Foundational Technology Review
(FTR), which validates that our solution is well-architected and using best practices specific to our SaaS.
The AWS ISV program offers
key benefits to drive visibility and co-selling opportunities. By joining, Beamr can expand sales operations through the AWS sales organization
and the AWS Marketplace, driving increased growth for Beamr Cloud - the video optimization service that is seamlessly connected with AWS
S3 cloud storage service. For example, AWS Account Managers are eligible for incentives when selling Beamr Cloud through AWS Marketplace.
They also gain exposure to ISVs through solution partner recommendation engines.
AI Video Webinar
In January 2025, Beamr
hosted a webinar titled: “The Future of AI Video – From Infrastructure to Experience”. The webinar featured Richard
Kerris, VP of Media & Entertainment at NVIDIA, Jeffrey Schick, VP Strategic Client Engagement Media & Entertainment at Oracle
and myself. The webinar discussed the platforms and technologies that drive the AI video revolution, and explored the opportunities and
challenges of AI -powered media content.
Webinar hosted by Beamr about AI video
Keynote to Industry Leaders
In February 2025, Beamr participated in the ACM
Mile-High-Video, and I presented a keynote titled: “Is the Future of Video Processing Destined for GPU?”. The
ACM Mile-High-Video conference is a flagship video formats and streaming event, held annually in Denver, and organized by engineers and
researchers from both industry and academia.
This month, Beamr will participate in NVIDIA
GTC 2025, with my session discussing the evolution of video compression and the ability to efficiently enhance videos with AI-driven
capabilities in real-time during video transcoding, utilizing GPU acceleration.
CEO Sharon Carmel
presenting keynote at ACM Mile-High Video 2025
SaaS planning for
2025 – from Capabilities to Solutions
In 2025, we plan to introduce more solutions, as part of
our evolving strategy - to further develop our technology, enhance Beamr Cloud’s video workflows and introduce more
AI-driven capabilities. This is all based on the numerous meetings we have conducted with prospective customers, as well as on the
events we held and attended by industry leaders providing valuable feedback.
The key target markets we
are focused on include:
| ● | Internet of things - autonomous vehicles, and
other machine learning-driven industries; and |
All identified markets
that rely on video as a core component of their business operations can benefit from our offering of GPU-accelerated, high-quality and
AI-driven video pipelines, whether deployed via cloud platforms, such as AWS and OCI, private cloud environments for enterprises,
or on-premises infrastructure.
In addition, we plan
to continue to advancing our core capabilities and maintain leadership in AI video. Some of the planned core capabilities include:
| ● | Increasing subjective
and objective video quality, and |
| ● | Turning lower resolution
videos to high resolution videos using super resolution. |
We anticipate a strong
year ahead, with expanded participation in top industry events, increased customer and partner collaborations, and a deeper commitment
to strategic partnerships.
In just the first two
months of 2025, Beamr has taken its partnership with AWS to the next level, to a co-sale level, has hosted industry leading companies
in its own event and has been chosen to present its technology and achievements at leading industry conferences. We believe this validation
shows the recognition that Beamr has achieved in the market.
The plan for the upcoming
quarters and the rest of 2025 is to capitalize on the strong industry recognition and sales pipeline that we have been developing, and
we are expecting significant growth in our revenues in 2025 from our existing sales funnel.
2024 Financial Results
Regarding our financial results for 2024:
| ● | Revenues increased by $0.15 million or 5% to $3.06 million for the year ended
December 31, 2024, from $2.9 million for the year ended December 31, 2023. The increase was primarily due to transactions with new customers
versus other transactions that were terminated. |
| ● | Cost of revenues increased by $0.14 million to $0.24 million the year ended
December 31, 2024, compared to $0.1 million for the year ended December 31, 2023. The increase was primarily due to the amortization of
internal-used software costs. |
| ● | Research and development expenses increased by $1.06 million, or 58% to $2.9
million for the year ended December 31, 2024, from $1.8 million for the year ended December 31, 2023. The increase was primarily due to
an increase of $0.4 million in salaries, due to increased personnel and an increase of $0.48 million in professional fees due to additional
sub-contractors and cloud costs. |
| ● | Selling and marketing expenses increased by $0.31 million, or 88% to $0.67
million for the year ended December 31, 2024, from $0.36 million in 2023. The increase was primarily due to an increase in personnel and
an increase in conference costs. |
| ● | General and administrative expenses increased by $0.96 million, or 64% to
$2.4 million for the year ended December 31, 2024, from $1.5 million in 2023. The increase was primarily due to increased personnel, increase
in professional fees related to public company requirements and increased travel expenses to conferences. |
| ● | Financing expenses, net decreased by $0.3 million, or 141% to ($0.09) million
for the year ended December 31, 2024, from $(0.2) million in 2023. The decrease was primarily due to changes in fair value of liabilities
offset by interest income on bank deposits. |
| ● | Net loss for the year ended December 31, 2024 was $3.3 million or $0.22 basic
net loss per ordinary share, compared to a net loss of $0.7 million, or $0.06 basic net loss per ordinary share, in the year ended December
31, 2023. |
| ● | Beamr ended 2024 with $16.4 million in cash and cash equivalents, compared
to $6.1 million as of December 31, 2023. |
In closing, 2024 represented a year of significant progress for Beamr
as we executed on our plan by releasing and upgrading Beamr Cloud with AI video processes and workflows, participating in top industry
events and increasing our customer and partner collaborations. Importantly, with our cash position at the end of 2024, we continue to
have the financial flexibility to both accelerate the growth of our existing business and pursue compelling business development opportunities,
a process we are actively engaged in.
Respectfully,
Sharon Carmel
Chief Executive Officer, Beamr Imaging Ltd.
A copy of Beamr’s
annual report on Form 20-F for the year ended December 31, 2024 has been filed with the U.S. Securities and Exchange Commission at https://www.sec.gov/ and
posted on Beamr’s investor relations website at https://www.investors.beamr.com/. Beamr will deliver a hard copy of its annual
report, including its complete audited consolidated financial statements, free of charge, to its shareholders upon request at investorrelations@beamr.com.
About Beamr
Beamr (Nasdaq: BMR) is a world leader in content-adaptive
video optimization and modernization. The company serves top media companies like Netflix and Paramount. Beamr’s inventive perceptual
optimization technology (CABR) is backed by 53 patents and won the Emmy® award for Technology and Engineering. The innovative technology
reduces video file size by up to 50% while guaranteeing quality.
Beamr Cloud is a high-performance, GPU-based
video optimization and modernization service designed for businesses and video professionals across diverse industries. It is conveniently
available to Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI) customers. Beamr Cloud enables video modernization to advanced
formats such as AV1 and HEVC, and is ready for video AI workflows. For more details, please visit www.beamr.com
Forward-Looking Statements
This press release
contains “forward-looking statements” that are subject to substantial risks and uncertainties. Forward-looking
statements in this communication may include, among other things, statements about Beamr’s strategic and business plans,
technology, relationships, objectives and expectations for its business, the impact of trends on and interest in its business,
intellectual property or product and its future results, operations and financial performance and condition, including its
expectations for significant revenue growth in 2025. All statements, other than statements of historical fact, contained in this
press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the
use of words such as “anticipate,” “believe,” “contemplate,” “could,”
“estimate,” “expect,” “intend,” “seek,” “may,” “might,”
“plan,” “potential,” “predict,” “project,” “target,” “aim,”
“should,” “will” “would,” or the negative of these words or other similar expressions, although
not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current
expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain
forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a more detailed
description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time
to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the
Company’s annual report filed with the SEC on March 4, 2025 and in subsequent filings with the SEC.
Forward-looking statements contained in this announcement are made as of the date hereof and the Company undertakes no duty to
update such information except as required under applicable law. investorrelations@beamr.com
Investor Contact:
investorrelations@beamr.com
8
Grafico Azioni Beamr Imaging (NASDAQ:BMR)
Storico
Da Feb 2025 a Mar 2025
Grafico Azioni Beamr Imaging (NASDAQ:BMR)
Storico
Da Mar 2024 a Mar 2025
