Stem, Inc. (STEM) Misses Q4 EPS by 85c
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Stem Announces Fourth Quarter and Full-Year 2021 Financial Results
February 24, 2022 4:05 PM ESTCompany 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