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.


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…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • About the Company

  • stem&utm_title=STEM_Reports_38.8_Increase_in_Q2_Revenue_for_FY2023″>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • 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%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Stem. More…

    Operations Investing Financing
    -274.64 100.13 98.99
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • 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
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • 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%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items

  • 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.


    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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