secwatch.observer — SEC 8-K summary
======================================

Issuer:     STEM, INC. (STEM)
CIK:        0001758766
Form:       8-K
Filed at:   2025-03-04T23:59:59+00:00
Accession:  0001758766-25-000002
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stem reports Q4 and FY2024 results: revenue down 69% YoY, full-year net loss $854M, targets 15% ARR growth in 2025
--------------------------------------------------------------------------------

- Q4 revenue $55.8M (-67% YoY); GAAP gross margin (4)% vs 7% in Q4 2023.
- Full-year net loss $854M vs $140.4M in 2023; includes $38.7M net revenue reduction.
- Non-GAAP gross margin improved to 36% (Q4) and 35% (FY) from 13% and 15% respectively.
- Q4 bookings $357.6M (+40% YoY); full-year bookings $435.9M (-72%); backlog $1.2B.
- Guidance: ~15% ARR growth in 2025; reducing opex to improve EBITDA and cash flow; cash $56.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758766/000175876625000002/0001758766-25-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758766/000175876625000002/stem-20250304.htm
  HTML page:      https://secwatch.observer/filing/0001758766-25-000002

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