Stem Inc (N:STEM)

Business Focus: Renewable Energy Equipment & Services

Sector:  Energy Industry:  Renewable Energy Equipment & Services
See Regulatory Filings on SEC
Company Contact
Address: 100 California Street, 14Th Floor
Tel: N/A
IR: See website
Key People
John Eugene Carrington
Chief Executive Officer, Director
William J. Bush
Chief Financial Officer
Robert Schaefer
President - Transformational Initiatives
Michael Carlson
Chief Operating Officer
Kim Homenock
Chief People Officer
Larsh M. Johnson
Chief Technology Officer
Prakesh K. Patel
Chief Strategy Officer
Alan Russo
Chief Revenue Officer
Saul R. Laureles
Chief Legal Officer, Corporate Secretary
Business Overview
Stem, Inc. is a digitally connected, intelligent energy storage network provider. The Company provides customers with an energy storage system, sourced from global battery original equipment manufacturers (OEMs), that the Company delivers through its partners, including developers, distributors, and engineering, procurement, and construction firms. It provides an ongoing software platform and professional services to operate integrated energy storage and solar systems, through its Athena artificial intelligence (AI) platform (Athena), and solar asset performance monitoring and control, through Athena's PowerTrack application. It delivers its battery hardware and software-enabled services through its Athena platform to its customers. Additionally, the Company's energy storage solutions support renewable energy generation by alleviating grid intermittency issues. It operates in areas within the energy storage landscape: Behind-the-Meter and Front-of-the-Meter.
Financial Overview
For the nine months ended 30 September 2023, Stem Inc revenues increased 42% to $294.1M. Net loss increased 16% to $102.7M. Revenues reflect Innovative technology segment increase from $66.9M to $226.7M, United States segment increase of 41% to $284.8M, Foreign segment increase of 54% to $9.3M. Higher net loss reflects Innovative technology segment loss increase from $29.8M to $103.1M.
Employees: 660 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $840.68M as of Dec 31, 2023
Annual revenue (TTM): $449.54M as of Dec 31, 2023
EBITDA (TTM): -$128.37M as of Dec 31, 2023
Net annual income (TTM): -$138.00M as of Dec 31, 2023
Free cash flow (TTM): -$259.32M as of Dec 31, 2023
Net Debt Last Fiscal Year: $415.08M as of Dec 31, 2023
Shares outstanding: 155,895,641 as of Oct 25, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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