{"schema_version":"secwatch.filing_event.v1","accession":"0001758766-23-000076","form_type":"8-K","ticker":"STEM","cik":"0001758766","company_name":"STEM, INC.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.414925+00:00","generated_at":"2026-06-15T22:33:57.791834+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Stem Q1 2023 revenue $67M (+63% YoY), above high end of guidance; reaffirms FY2023 outlook","bullets":["Record Q1 revenue of $67.4M, up 63% YoY; above guidance high end.","GAAP net loss widened to $44.8M from $22.5M YoY; Adjusted EBITDA -$13.7M.","Non-GAAP gross margin improved to 19% (vs 16% YoY); GAAP gross margin fell to 1%.","Bookings $363.5M (+141% YoY); contracted backlog $1.24B (+120% YoY).","CARR grew 39% YoY to $71.5M; FY2023 revenue and adjusted EBITDA guidance reaffirmed."],"urls":{"canonical":"https://secwatch.observer/filing/0001758766-23-000076","json":"https://secwatch.observer/filing/0001758766-23-000076.json","markdown":"https://secwatch.observer/filing/0001758766-23-000076.md","text":"https://secwatch.observer/filing/0001758766-23-000076.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1758766/000175876623000076/0001758766-23-000076-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1758766/000175876623000076/stem-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T22:33:57.791834+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"11ee7e5dd029c11b6a907f3ec755ebdcf92ad499","claim":"STEM, INC. reported the three months ended March 31, 2023 results: revenue $67 million, net income $45 million. Guidance reaffirmed.","evidence_excerpt":"Stem Announces First Quarter 2023 Results Record First Quarter Revenue of $67 million , Above High End of Guidance Range Accelerating Growth in Software Services Reaffirm Full-Year 2023 Financial and Operating Guidance Recognized as Largest Energy Storage Virtual Power Plant Operator in North America by Wood Mackenzie First Quarter 2023 Financial and Operating Highlights Financial Highlights • Record Q1 revenue of $67 million, up from $41 million (+63%) in Q1 2022 • GAAP gross margin of 1%, down from 9% in Q1 2022 • Non-GAAP gross margin of 19%, up from 16% in Q1 2022 • Net loss of $45 million versus net loss of $22 million in Q1 2022 • Adjusted EBITDA of $(14) million versus $(13) million in Q1 2022 • Ended the quarter with $206 million in cash, cash equivalents, and short-term investments","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1758766/000175876623000076/0001758766-23-000076-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Revenue","value":"$67 million"},{"label":"Net income","value":"$45 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}