STEM - Stem reports Q4 results

• Stem press release ( NYSE: STEM ): Q4 Revenue of $156M (+195.5% Y/Y).
• GAAP Gross Margin of 8%, up from (3)% in Q4 2021
• Non-GAAP Gross Margin of 11%, up from 5% in Q4 2021
• Net Loss of $35 million versus Net Loss of $34 million in Q4 2021
• Adjusted EBITDA of $(10) million versus $(12) million in Q4 2021
• Ended Q4 2022 with $250 million in cash, cash equivalents, and short-term investments

• Financial Highlights - Full Year 2022

• Record Revenue of $363 million, up from $127 million (+186%) in 2021

• GAAP Gross Margin of 9%, up from 1% in 2021

• Non-GAAP Gross Margin of 13%, up from 9% in 2021

• Net Loss of $124 million versus Net Loss of $101 million in 2021

• Adjusted EBITDA of $(46) million versus $(30) million in 2021

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