STEM Reports 38.8% Increase in Q2 Revenue for FY2023
August 10, 2023
☀️Earnings Overview
On June 30 2023, STEM ($NYSE:STEM) reported its second quarter FY2023 results, showing a 38.8% increase in total revenue from the same period in the prior year. Net income for the period grew 159.7% to USD 19.1 million.
Analysis
GoodWhale has conducted a comprehensive analysis of STEM’s overall wellbeing and identified several risk warnings. The GoodWhale team has detected three risk warnings in STEM’s income sheet, cashflow statement, and financial journal. To gain a better understanding of the risks associated with investing in STEM, it is highly recommended that investors register with GoodWhale and check out the details of the analysis. With access to our detailed assessment, investors can make informed decisions about whether STEM is a suitable investment for them. stem&utm_title=STEM_Reports_38.8_Increase_in_Q2_Revenue_for_FY2023″>More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Stem. More…
| Total Revenues | Net Income | Net Margin |
| 415.3 | -95.2 | -31.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Stem. More…
| Operations | Investing | Financing |
| -274.64 | 100.13 | 98.99 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Stem. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.5k | 984.15 | 3.34 |
Key Ratios Snapshot
Some of the financial key ratios for Stem are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 174.5% | – | -20.3% |
| FCF Margin | ROE | ROA |
| -71.1% | -10.2% | -3.5% |
Peers
The company’s products are used in a variety of applications, including residential, commercial, and industrial settings. Stem Inc’s competitors include Cleanspark Inc, Energy One Ltd, and Nilar International AB.
– Cleanspark Inc ($NASDAQ:CLSK)
Cleanspark Inc is a publicly traded company with a market capitalization of 137.52 million as of 2022. The company has a return on equity of -2.77%. Cleanspark Inc is engaged in the business of providing energy services to commercial and industrial customers. The company offers a variety of services including energy efficiency, demand response, energy storage, and renewable energy.
– Energy One Ltd ($ASX:EOL)
Energy One Ltd is an Australian based company that owns and operates a portfolio of renewable energy assets. The company has a market cap of 129.7M as of 2022 and a return on equity of 11.64%. The company’s portfolio includes wind, solar, and biomass assets. Energy One Ltd is committed to delivering sustainable, cost-effective, and clean energy solutions to its customers.
– Nilar International AB ($OTCPK:NILRF)
Nilar International AB is a Swedish company that manufactures and sells nickel-based alloys. The company has a market cap of 18.44 million as of 2022 and a return on equity of -59.63%. The company’s products are used in a variety of industries, including aerospace, defense, and energy.
Summary
Investors reacted positively to STEM‘s second quarter FY2023 earnings results, with the stock price rising on June 30 2023. Total revenue increased 38.8% to USD 93.0 million year-over-year, while net income grew 159.7% to USD 19.1 million. These solid financial results indicate that STEM is in a strong position to continue its growth trajectory and deliver strong returns to shareholders.
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