Stem Announces Fourth Quarter and Full Year 2023 Results
Stem, Inc. Class A (STEM)
US:NASDAQ Investor Relations:
investor.stemcellsinc.com
Company Research
Source: Business Wire
Achieved Key Milestone with Positive Adjusted EBITDA in Q4 and 2H23Expect to Generate at Least $50 Million of Operating Cash Flow in 2024Awarded PowerBidder™ Pro Contract by Mercuria Energy TradingOutlookExpect to achieve positive adjusted EBITDA of between $5 million and $20 million in 20241Project at least $50 million in operating cash flow generation for the full year 2024 with no equity issuanceFourth Quarter and Full Year 2023 Financial and Operating HighlightsFinancial Highlights – Fourth Quarter 2023Revenue of $167.4 million, up from $155.5 million (+8%) in Q4 2022GAAP gross margin of 7%, down from 8% in Q4 2022Non-GAAP gross margin of 13%, up from 11% in Q4 2022Net loss of $37.7 million versus net loss of $35.3 million in Q4 2022Adjusted EBITDA of $4.6 million versus $(9.5) million in Q4 2022Ended Q4 2023 with $113.6 million in cash, cash equivalents, and short-term investmentsFinancial Highlights - Full Year 2023Revenue of $461.5 million, up from $363.0 million (+27%) for ful
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News
- Stem, Inc. (NYSE: STEM) had its price target lowered by analysts at BMO Capital Markets from $2.50 to $1.85. They now have a "market perform" rating on the stock.MarketBeat
- Stem, Inc. (NYSE: STEM) had its price target lowered by analysts at Evercore ISI from $13.00 to $9.00. They now have an "outperform" rating on the stock.MarketBeat
- Stem, Inc. (NYSE:STEM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Stem Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Stem Announces PowerTrack™ APM for Comprehensive Solar and Storage Energy Portfolio Management [Yahoo! Finance]Yahoo! Finance
STEM
Earnings
- 5/2/24 - Miss
STEM
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 144
- 5/2/24 - Form 8-K
- STEM's page on the SEC website