STEM Q1 2023 Earnings — Stem, Inc. Revenue & Financial Results | Market Cap Arena

STEMStem, Inc.

$95M

Q1 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$67M+64.1% YoY

Gross Profit

$994,0001.5% margin

Operating Income

-$43M-63.3% margin

Net Income

-$45M-66.4% margin

EPS (Diluted)

$-0.29

QoQ Revenue Growth

-56.6%

Cash Flow

Operating Cash Flow

-$36M

Free Cash Flow

-$41M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$877M

Stockholders' Equity

$517M

Cash & Equivalents

$118M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$67M	$41M	+64.1%
Gross Profit	$994,000	$4M	-72.7%
Operating Income	-$43M	-$35M	-22.0%
Net Income	-$45M	-$22M	-99.2%

Revenue Segments

Hardware

$53M78%

Service

$15M22%

Geographic Segments

Hardware

$53M78%

Service

$15M22%