{"schema_version":"secwatch.filing_event.v1","accession":"0001758766-24-000087","form_type":"8-K","ticker":"STEM","cik":"0001758766","company_name":"STEM, INC.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.925511+00:00","generated_at":"2026-06-03T00:44:30.241824+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Stem Q1 revenue down 62% to $25.5M; net loss $72.3M; reaffirms FY guidance","bullets":["Revenue $25.5M, down 62% YoY, reflecting $33M non-cash reduction from updated contract guarantee estimates.","GAAP net loss $72.3M vs $44.8M; Adjusted EBITDA improved to -$12.2M from -$13.7M.","Non-GAAP gross margin 24% (up from 19%); operating cash flow near breakeven at -$0.6M.","Bookings $23.8M vs $363.5M; contracted backlog $1.6B, up 33% YoY but down 16% sequentially.","Reaffirms FY2024 guidance for adj. EBITDA, OCF, gross margin and bookings; CARR-to-ARR conversion +42% expected."],"urls":{"canonical":"https://secwatch.observer/filing/0001758766-24-000087","json":"https://secwatch.observer/filing/0001758766-24-000087.json","markdown":"https://secwatch.observer/filing/0001758766-24-000087.md","text":"https://secwatch.observer/filing/0001758766-24-000087.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1758766/000175876624000087/0001758766-24-000087-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1758766/000175876624000087/stem-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:44:30.241824+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":"bb6012bafdf2959485f4f28b95ba0da3c6f9accf","claim":"STEM, INC. reported first quarter 2024 results: revenue $25.5 million, net income $72.3 million. Guidance reaffirmed.","evidence_excerpt":"Stem Announces First Quarter 2024 Results Substantial increase of +42% CARR-to-ARR conversion since January 2024 Introducing Next Generation Asset Performance Management Software Suite Reaffirming Full Year 2024 Operating Cash Flow, Adjusted EBITDA, Gross Margin and Bookings Guidance First Quarter 2024 Financial and Operating Highlights Financial Highlights 1 • Revenue of $25.5 million, down from $67.4 million (-62%) in 1Q23.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1758766/000175876624000087/0001758766-24-000087-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2024"},{"label":"Revenue","value":"$25.5 million"},{"label":"Net income","value":"$72.3 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"}