Stem, Inc. (STEM) Misses Q4 EPS by 85c

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Go back to Stem, Inc. (STEM) Misses Q4 EPS by 85c

Stem Announces Fourth Quarter and Full-Year 2021 Financial Results

February 24, 2022 4:05 PM EST

Company on track to execute on bookings in excess of $1 billion over 18 months

Strong bookings and expansion of Athena® platform drive momentum into 2022

Initiate full-year 2022 revenue guidance of $350-$425 million

Fourth Quarter and Full-Year 2021 Financial and Operating Highlights

Financial Highlights Fourth Quarter 2021

Record revenues of $52.8 million, up from $18.6 million (+184%) in Q4 2020 GAAP Gross Margin of (3)% versus 5% in Q4 2020 Non-GAAP Gross Margin of 6% versus 13% in Q4 2020 Net Loss of $(34.1) million versus Net Loss of $(100.9) million in Q4... More