Stem Inc
NYSE:STEM
Income Statement
Earnings Waterfall
Stem Inc
Revenue
|
461.5m
USD
|
Cost of Revenue
|
-457.9m
USD
|
Gross Profit
|
3.7m
USD
|
Operating Expenses
|
-183m
USD
|
Operating Income
|
-179.3m
USD
|
Other Expenses
|
38.9m
USD
|
Net Income
|
-140.4m
USD
|
Income Statement
Stem Inc
Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||
Revenue |
0
N/A
|
15
N/A
|
35
+125%
|
75
+115%
|
127
+71%
|
153
+20%
|
201
+31%
|
260
+30%
|
363
+39%
|
389
+7%
|
415
+7%
|
449
+8%
|
462
+3%
|
|
Gross Profit | ||||||||||||||
Cost of Revenue |
0
|
(16)
|
(35)
|
(72)
|
(126)
|
(148)
|
(188)
|
(241)
|
(330)
|
(359)
|
(381)
|
(444)
|
(458)
|
|
Gross Profit |
0
N/A
|
(0)
N/A
|
(0)
-100%
|
3
N/A
|
1
-59%
|
5
+317%
|
13
+158%
|
19
+47%
|
33
+75%
|
30
-8%
|
35
+13%
|
5
-84%
|
4
-32%
|
|
Operating Income | ||||||||||||||
Operating Expenses |
(4)
|
(13)
|
(37)
|
(59)
|
(84)
|
(118)
|
(127)
|
(147)
|
(164)
|
(169)
|
(178)
|
(185)
|
(183)
|
|
Selling, General & Administrative |
(4)
|
(9)
|
(28)
|
(43)
|
(62)
|
(86)
|
(96)
|
(111)
|
(126)
|
(126)
|
(130)
|
(133)
|
(126)
|
|
Research & Development |
0
|
(4)
|
(9)
|
(16)
|
(23)
|
(27)
|
(31)
|
(36)
|
(38)
|
(43)
|
(48)
|
(52)
|
(57)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(4)
N/A
|
(13)
-283%
|
(37)
-178%
|
(56)
-50%
|
(83)
-48%
|
(113)
-36%
|
(114)
-1%
|
(128)
-12%
|
(131)
-3%
|
(139)
-6%
|
(144)
-4%
|
(179)
-25%
|
(179)
0%
|
|
Pre-Tax Income | ||||||||||||||
Interest Income Expense |
(109)
|
(182)
|
(253)
|
(119)
|
(14)
|
55
|
124
|
(13)
|
(11)
|
(9)
|
(10)
|
(17)
|
(23)
|
|
Non-Reccuring Items |
0
|
0
|
(5)
|
(5)
|
(5)
|
0
|
0
|
0
|
0
|
0
|
59
|
59
|
59
|
|
Total Other Income |
0
|
0
|
0
|
0
|
1
|
2
|
2
|
3
|
2
|
2
|
0
|
0
|
3
|
|
Pre-Tax Income |
(113)
N/A
|
(195)
-73%
|
(296)
-51%
|
(180)
+39%
|
(101)
+44%
|
(56)
+44%
|
12
N/A
|
(138)
N/A
|
(139)
-1%
|
(146)
-5%
|
(95)
+35%
|
(138)
-45%
|
(140)
-2%
|
|
Net Income | ||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
15
|
15
|
15
|
15
|
0
|
(0)
|
(0)
|
(0)
|
|
Income from Continuing Operations |
(113)
|
(195)
|
(296)
|
(180)
|
(101)
|
(41)
|
27
|
(123)
|
(124)
|
(146)
|
(95)
|
(138)
|
(140)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
(113)
N/A
|
(195)
-73%
|
(296)
-51%
|
(180)
+39%
|
(101)
+44%
|
(41)
+59%
|
27
N/A
|
(123)
N/A
|
(124)
-1%
|
(146)
-18%
|
(95)
+35%
|
(138)
-45%
|
(140)
-2%
|