Stem, Inc. (STEM) Misses Q1 EPS by 7c
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Stem Announces First Quarter 2022 Financial Results
May 5, 2022 4:05 PM EDTQuarterly revenue 29% above high end of guidance range
Reaffirm full-year 2022 guidance
AlsoEnergy commercial synergies on track for 2022 bookings
Expect minimal impact from AD/CVD inquiry in solar industry
First Quarter 2022 Financial and Operating Highlights
Financial Highlights
Revenue of $41.1 million, up from $15.4 million (+166%) in Q1 2021 GAAP Gross Margin of 9% versus (1)% in Q1 2021 Non-GAAP Gross Margin of 16% versus 13% in Q1 2021 Net Loss of $(22.5) million versus $(82.6) million in Q1 2021 Adjusted EBITDA of $(12.8) million versus $(3.2) million in... More