STEM Q3 2023 Earnings — Stem, Inc. Revenue & Financial Results | Market Cap Arena

STEMStem, Inc.

$95M

Q3 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$134M+34.4% YoY

Gross Profit

-$20M-15.2% margin

Operating Income

-$68M-51.0% margin

Net Income

-$77M-57.6% margin

EPS (Diluted)

$-0.49

QoQ Revenue Growth

+43.9%

Cash Flow

Operating Cash Flow

-$4M

Free Cash Flow

-$7M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$945M

Stockholders' Equity

$453M

Cash & Equivalents

$97M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$134M	$100M	+34.4%
Gross Profit	-$20M	$9M	-322.3%
Operating Income	-$68M	-$33M	-109.4%
Net Income	-$77M	-$34M	-124.9%

Revenue Segments

Hardware

$117M88%

Service

$17M12%

Geographic Segments

Hardware

$117M88%

Service

$17M12%