secwatch.observer — SEC 8-K summary
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Issuer:     STEM, INC. (STEM)
CIK:        0001758766
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001758766-24-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stem posts Q4 revenue up 8% YoY, achieves positive adjusted EBITDA of $4.6M; guides 2024 operating cash flow > $50M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758766/000175876624000027/0001758766-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758766/000175876624000027/stem-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001758766-24-000027

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