secwatch.observer — SEC 8-K summary
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Issuer:     STEM, INC. (STEM)
CIK:        0001758766
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001758766-23-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758766/000175876623000007/0001758766-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758766/000175876623000007/stem-20230216.htm
  HTML page:      https://secwatch.observer/filing/0001758766-23-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer