STEM - Stem GAAP EPS of -$0.96 misses by $0.05 revenue of $127.37M misses by $19.58M

Stem press release (NYSE:STEM): FY GAAP EPS of -$0.96 misses by $0.05. Revenue of $127.37M (+250.8% Y/Y) misses by $19.58M. Shares -2.14%. Non-GAAP Gross Margin of 11% versus 10% in 2020. Adjusted EBITDA of $(30.3) million versus $(25.4) million in 2020. Record 12-month pipeline of $4.0 billion at the end of 2021, up from $2.4 billion (+67%) at the end of Q3 2021, and up from $1.6 billion (+150%) in 2020 Record bookings of $416.5 million, up from $137.7 million (+202%) in 2020 Record contracted backlog of $449 million, up from $184 million (+144%) in 2020 Record contracted AUM of 1.6 GWh at the end of 2021, up from 1.0 GWh (+60%) in 2020.

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Stem GAAP EPS of -$0.96 misses by $0.05, revenue of $127.37M misses by $19.58M