Stem, Inc. (STEM) Misses Q4 EPS, Revenue; Guides FY23 Revs Below View

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Go back to Stem, Inc. (STEM) Misses Q4 EPS, Revenue; Guides FY23 Revs Below View

Stem Announces Fourth Quarter and Full Year 2022 Results

February 16, 2023 4:05 PM EST

Record full year 2022 revenue of $363 million, nearly triple full year 2021 revenue

Introducing full-year 2023 guidance and reaffirm plan to achieve positive adjusted EBITDA in 2H2023

Extending EV charging offering with ChargePoint partnership

Fourth Quarter and Full Year 2022 Financial and Operating Highlights

Financial Highlights Fourth Quarter 2022

Record Revenue of $156 million, up from $53 million (+194%) in Q4 2021 and sequentially up 56% versus Q3 2022 revenue of $100 million GAAP Gross Margin of 8%, up from (3)% in Q4 2021 Non-GAAP Gross Margin of 11%, up from 5% in Q4... More