NYSE$STEM
Stem Inc. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Stem reported a strong first quarter with revenue exceeding the high end of guidance, driven by market-leading software platforms and the acquisition of AlsoEnergy.
Stem's Q1 2022 revenue increased by 166% to $41.1 million compared to Q1 2021. The company reaffirmed its full-year 2022 guidance and saw significant growth in bookings, contracted backlog, AUM, and CARR.
- Revenue increased 166% year-over-year to $41.1 million, surpassing the high end of the guidance range.
- Bookings nearly tripled compared to Q1 2021, reaching $151 million, marking the second-highest bookings performance in company history.
- Contracted backlog grew 156% year-over-year to $565 million.
- Contracted Annual Recurring Revenue (CARR) increased to $51.5 million, reflecting a focus on high-margin software and services revenue.
Headline financials
Revenue & EPS history
Stem · Revenue · Quarterly
$41.1M
Forward guidance
The Company reaffirms FY2022 financial and operational guidance.
Tailwinds
- Revenue: $350 - $425 million
- Non-GAAP Gross Margin: 15% - 20%
- Adjusted EBITDA: $(60) - $(20) million
- Bookings: $650 - $750 million
- CARR (year-end): $60 - $80 million
Headwinds
- COVID-19 continues to impact and cause uncertainty in the supply chain and project timelines
- Potential import tariffs cause uncertainty in the supply chain and project timelines
- General macroeconomic conditions including the ongoing conflict between Russia and Ukraine, continue to impact and cause uncertainty in the supply chain and project timelines
- The Company has been affected by inflation in the costs of equipment
- Supply chain constraints, permitting and interconnection delays have caused recent headwinds in the industry
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-2.0%
Avg return
Earnings day
-4.6%
Avg return
5 days after
+2.4%
Avg return
30 days after
52%
13 / 25 earnings
Positive
+30.3%
Q1 2025
Best reaction
-40.5%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.1% | -14.6% | -28.0% | |
| Q4 2025 | +21.2% | +8.1% | -13.8% | |
| Q3 2025 | -28.0% | -23.5% | -25.1% | |
| Q1 2025 | +30.3% | +21.2% | +17.8% | |
| Q4 2024 | +13.1% | -13.0% | -24.6% | |
| Q3 2024 | -30.2% | -22.4% | -27.5% | |
| Q2 2024 | -40.5% | -41.8% | -53.9% | |
| Q1 2024 | -26.5% | -30.3% | -28.1% | |
| Q4 2023 | +4.7% | -1.6% | -14.5% | |
| Q3 2023 | +10.9% | +5.1% | -0.3% | |
| Q2 2023 | +6.1% | +4.1% | -21.3% | |
| Q1 2023 | +11.5% | +6.0% | +36.1% | |
| Q4 2022 | -19.0% | -20.5% | -36.5% | |
| Q3 2022 | +1.5% | -1.1% | -0.3% | |
| Q2 2022 | +23.9% | +25.7% | +21.5% | |
| Q1 2022 | +6.5% | -15.9% | +6.8% | |
| Q4 2021 | -10.2% | -4.9% | +11.0% | |
| Q3 2021 | -0.7% | -0.2% | -20.7% | |
| Q2 2020 | -14.5% | -20.1% | -20.9% | |
| Q2 2021 | -14.5% | -20.1% | -20.9% | |
| Q1 2021 | +6.9% | +22.5% | +77.1% | |
| Q1 2020 | +6.9% | +22.5% | +77.1% | |
| Q4 2020 | -12.0% | -5.2% | -3.8% | |
| Q3 2020 | +0.0% | +2.6% | +76.9% | |
| Q4 2019 | +0.0% | +2.6% | +76.9% | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — |
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