{"schema_version":"secwatch.filing_event.v1","accession":"0001758766-23-000127","form_type":"8-K","ticker":"STEM","cik":"0001758766","company_name":"STEM, INC.","filed_at":"2023-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.334122+00:00","generated_at":"2026-06-09T00:42:29.985042+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Stem Q3 revenue +34% to $133.7M, record bookings $676M; net loss widens to $77M","bullets":["Q3 revenue $133.7M (+34% YoY); GAAP gross margin (15)% vs 9%; net loss $77.1M vs $34.3M.","Record bookings of $676.4M (up 203% YoY); contracted backlog $1.84B (+125% YoY).","Adjusted EBITDA improved to $(0.9)M from $(12.5)M; expects positive adjusted EBITDA in 2H 2023 and full year 2024.","Contracted storage AUM 5.0 GWh (up 32% sequentially); CARR $87.5M (+43% YoY).","Revenue includes $37.4M reduction due to guarantee estimates; no material future reductions expected."],"urls":{"canonical":"https://secwatch.observer/filing/0001758766-23-000127","json":"https://secwatch.observer/filing/0001758766-23-000127.json","markdown":"https://secwatch.observer/filing/0001758766-23-000127.md","text":"https://secwatch.observer/filing/0001758766-23-000127.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1758766/000175876623000127/0001758766-23-000127-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1758766/000175876623000127/stem-20231102.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T00:42:29.985042+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":"4692a5dbe28e24fc15cb58576326d10f3ef6a6fc","claim":"STEM, INC. reported the quarter ended September 30, 2023 results: revenue $133.7 million, net income $77.1 million. Guidance lowered.","evidence_excerpt":"manufacturers, with expected double-digit declines in costs and improved payment terms Third Quarter 2023 Financial and Operating Highlights Financial Highlights • Revenue of $133.7 million, up from $99.5 million (+34%) in Q3 2022. Q3 revenue reflects the reduction in revenue referred to below • GAAP gross margin of (15)%, down from 9% in Q3 2022 • Non-GAAP gross","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1758766/000175876623000127/0001758766-23-000127-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2023"},{"label":"Revenue","value":"$133.7 million"},{"label":"Net income","value":"$77.1 million"},{"label":"Guidance","value":"lowered"},{"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"}