secwatch.observer — SEC 8-K summary
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Issuer:     STEM, INC. (STEM)
CIK:        0001758766
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001758766-23-000112
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stem Q2 revenue $93M (+39% YoY), net income $19.1M vs loss year ago
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- Revenue $93.0M, up 39% YoY; GAAP gross margin 13% vs 12% prior year.
- Net income of $19.1M vs net loss of $32.0M in Q2 2022; adjusted EBITDA -$9.5M.
- Record contracted backlog $1.36B, up 88% YoY; CARR $74.9M, +30% YoY.
- Bookings $236.4M, +5% YoY; contracted storage AUM 3.8 GWh, +9% sequentially.
- Full-year 2023 guidance reaffirmed; expect positive adjusted EBITDA in H2 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758766/000175876623000112/0001758766-23-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758766/000175876623000112/stem-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001758766-23-000112

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