Stem Inc (AI smart energy software) Q2 revenue up 246% YoY while net margin loss improves from (519%) to (48%) – total cash down to $335m via /r/wallstreetbets #stocks #wallstreetbets #investing


Stem Inc (AI smart energy software) Q2 revenue up 246% YoY while net margin loss improves from (519%) to (48%) – total cash down to $335m

Stem Inc (NYSE: STEM) is the first public pure play smart energy storage company, which delivers and operates battery storage AI solutions that maximise renewable energy generation and help build a cleaner, more resilient grid. Their customers include Fortune 500 companies, project developers, utilities, and independent power producers.

Significant growth in Q2 revenue which gained 246% YoY to $66.9m, from $19.3m in last year's quarter – paired with an improvement in their net losses during the same timeframe.

Net losses were ($32m), down from ($100.2m) in last year's quarter. This meant their net margin loss decreased from (519%) to (47.8%).

In the short term, the current assets and current liabilities can measure a company's ability to pay short-term debt or obligations due within one year. Stem's short-term liquidity percentage in Q2 was 41.6% (current liabilities/current assets). This compared to last year's quarter, which was 30.1%.

Total cash levels have fallen during the year so far to $335m, which was down from $474m in last year's quarter.

Despite this, total assets have been increasing four quarters in a row to $1,427m – which represented a 104% rise in a year.

Total liabilities have inflated to a current level of $823m – but the good news is their long-term liquidity percentage decreased to 57%, down from an alarming 80% in last year's quarter.

Stem release their Q3 earnings for the year on approximately 07 November, 2022.

https://www.ecoshares.io/post/stem-analysing-their-q2

Submitted August 06, 2022 at 05:50PM by ecoshares
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