Stem Announces First Quarter 2022 Financial Results
Stem, Inc. Class A (STEM)
US:NASDAQ Investor Relations:
investor.stemcellsinc.com
Company Research
Source: Business Wire
Quarterly revenue 29% above high end of guidance rangeReaffirm full-year 2022 guidanceAlsoEnergy commercial synergies on track for 2022 bookingsExpect minimal impact from AD/CVD inquiry in solar industryFirst Quarter 2022 Financial and Operating HighlightsFinancial HighlightsRevenue of $41.1 million, up from $15.4 million (+166%) in Q1 2021GAAP Gross Margin of 9% versus (1)% in Q1 2021Non-GAAP Gross Margin of 16% versus 13% in Q1 2021Net Loss of $(22.5) million versus $(82.6) million in Q1 2021Adjusted EBITDA of $(12.8) million versus $(3.2) million in Q1 2021Ended Q1 2022 with $352 million in cash, cash equivalents, and short-term investmentsOperating Highlights12-month Pipeline of $5.2 billion, up from $4.0 billion (+30%) at the end of Q4 2021Bookings of $151 million, up from $51 million (+196%) in Q1 2021Record contracted backlog of $565 million, up from $221 million (+156%) at the end of Q1 2021Record contracted storage assets under management (AUM) of 1.8 gigawatt hours (GWh) up
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STEM
News
- Stem Announces Appointment of AI Industry Leader as New Independent Director [Yahoo! Finance]Yahoo! Finance
- Stem Announces Appointment of AI Industry Leader as New Independent DirectorBusiness Wire
- Stem Announces First Quarter 2024 Earnings Results Conference Call [Yahoo! Finance]Yahoo! Finance
- Stem Announces First Quarter 2024 Earnings Results Conference CallBusiness Wire
- Stem, Inc. (NYSE: STEM) had its price target lowered by analysts at Piper Sandler from $3.00 to $2.00. They now have a "neutral" rating on the stock.MarketBeat
STEM
Earnings
- 11/2/23 - Miss
STEM
Sec Filings
- 4/22/24 - Form 4
- 4/22/24 - Form 3
- 4/19/24 - Form ARS
- STEM's page on the SEC website