STEM Q2 2023 Earnings — Stem, Inc. Revenue & Financial Results | Market Cap Arena

STEMStem, Inc.

$95M

Q2 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$93M+38.8% YoY

Gross Profit

$12M12.8% margin

Operating Income

-$35M-37.5% margin

Net Income

$19M20.6% margin

EPS (Diluted)

$-0.26

QoQ Revenue Growth

+37.9%

Cash Flow

Operating Cash Flow

-$165M

Free Cash Flow

-$167M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$984M

Stockholders' Equity

$519M

Cash & Equivalents

$75M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$93M	$67M	+38.8%
Gross Profit	$12M	$8M	+52.4%
Operating Income	-$35M	-$30M	-16.9%
Net Income	$19M	-$32M	+159.7%

Revenue Segments

Hardware

$77M82%

Service

$16M18%

Geographic Segments

Hardware

$77M82%

Service

$16M18%