Stem, Inc. (STEM) Misses Q2 EPS by 89c

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Go back to Stem, Inc. (STEM) Misses Q2 EPS by 89c

Stem Announces Second Quarter 2021 Financial Results

August 11, 2021 4:05 PM EDT

Revenue at high end of guidance

Company reaffirms 2021 financial guidance

SAN FRANCISCO--(BUSINESS WIRE)-- Stem, Inc. ("Stem" or the "Company") (NYSE: STEM), a global leader in artificial intelligence (AI)-driven clean energy storage services, announced today its financial results for the second quarter ended June 30, 2021.

Second Quarter 2021 Financial and Operating Highlights

Financial Highlights

Revenues of $19.3 million, up from $4.4 million (+339%) in the same quarter last year Gross Margin (GAAP) of (1)% versus (40)% in the... More