Stem reports Q4 EPS (90c), consensus (14c)

Reports Q4 revenue $167.4M, consensus $258.43M. John Carrington, Chief Executive Officer of Stem, commented, “We are proud to report that Stem reached our commitment to deliver positive adjusted EBITDA in the second half of 2023. We accomplished our goal through increased margins and ongoing operating cost discipline. We believe we are in a strong position to generate positive operating cash flow driven by our software technology leadership.”