{"schema_version":"secwatch.filing_event.v1","accession":"0001758766-24-000027","form_type":"8-K","ticker":"STEM","cik":"0001758766","company_name":"STEM, INC.","filed_at":"2024-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.421060+00:00","generated_at":"2026-06-05T09:09:19.424335+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Stem posts Q4 revenue up 8% YoY, achieves positive adjusted EBITDA of $4.6M; guides 2024 operating cash flow > $50M","bullets":["Q4 revenue $167.4M (+8% YoY); net loss $37.7M vs $35.3M loss in Q4 2022.","Adjusted EBITDA turned positive at $4.6M in Q4, vs $(9.5)M loss in prior year.","Full year 2023 revenue $461.5M (+27% YoY); net loss $140.4M vs $124.1M.","Contracted backlog $1.9B, up 99% YoY; CARR $91M, up 39% YoY.","2024 guidance: positive adjusted EBITDA $5-20M; at least $50M operating cash flow; no equity issuance."],"urls":{"canonical":"https://secwatch.observer/filing/0001758766-24-000027","json":"https://secwatch.observer/filing/0001758766-24-000027.json","markdown":"https://secwatch.observer/filing/0001758766-24-000027.md","text":"https://secwatch.observer/filing/0001758766-24-000027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1758766/000175876624000027/0001758766-24-000027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1758766/000175876624000027/stem-20240228.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T09:09:19.424335+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":"3f69dcb63129bdd398c9e83091b7eb7b2a96c780","claim":"STEM, INC. reported the fourth quarter and full year 2023 results: revenue $461.5 million, net income $140.4 million. Guidance raised.","evidence_excerpt":"versus $(9.5) million in Q4 2022 • Ended Q4 2023 with $113.6 million in cash, cash equivalents, and short-term investments Financial Highlights - Full Year 2023 • Revenue of $461.5 million, up from $363.0 million (+27%) for full year 2022 • GAAP gross margin of 1%, versus 9% for full year 2022 • Non-GAAP gross margin of 15%, versus 13% for full year 2022 • Net loss","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1758766/000175876624000027/0001758766-24-000027-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and full year 2023"},{"label":"Revenue","value":"$461.5 million"},{"label":"Net income","value":"$140.4 million"},{"label":"Guidance","value":"raised"},{"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"}