Stem reports record FY2022 revenue of $363M, up 186%; guides to positive adjusted EBITDA in 2H 2023

STEM, INC.

2022-FY EPS reported -$0.81 revenue$362,980,000

Q4 revenue $156M (+194% YoY); full year revenue $363M (+186% YoY).
GAAP gross margin 8% in Q4 (up from (3)%); non-GAAP 11%; full year GAAP 9% (up from 1%).
Record Q4 bookings $458M (+111% YoY); contracted backlog $969M (+116% YoY).
Net loss $124M in 2022 vs $101M in 2021; adjusted EBITDA $(46)M vs $(30)M.
Introducing FY2023 guidance; reaffirm positive adjusted EBITDA target for 2H 2023; new EV charging partnership with ChargePoint.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

STEM, INC. reported the fourth quarter and full year 2022 results: revenue $155.5 million, net income Net loss of $35.3 million. Guidance initiated.

Period: the fourth quarter and full year 2022
Revenue: $155.5 million
Net income: Net loss of $35.3 million
Guidance: initiated
Result: reported results

Exact text from the filing

offering with ChargePoint partnership Fourth Quarter and Full Year 2022 Financial and Operating Highlights Financial Highlights – Fourth Quarter 2022 • Record Revenue of $156 million, up from $53 million (+194%) in Q4 2021 and sequentially up 56% versus Q3 2022 revenue of $100 million • GAAP Gross Margin of 8%, up from (3)% in Q4 2021 • Non-GAAP Gross Margin

View on SEC.gov

Browse all earnings releases →

STEM, INC. filing history →

Source: SEC EDGAR

accession 0001758766-23-000007

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.