STEM INC
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 29, 2024
STEM$2.36-14.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders’ Equity
(in thousands, except share amounts)
| Common Stock · AdditionalPaid-InCapital · AccumulatedOtherComprehensive Income (Loss) · AccumulatedDeficit · Non-controlling Interests · TotalStockholders’Equity | |||||||
|---|---|---|---|---|---|---|---|
| Shares · Amount | |||||||
| Balance as of January 1, 2021 | 40,202,785 | $4 | $230,620 | $(192) | $(407,841) | $— | $(177,409) |
| Merger and PIPE financing (Note 1) | 70,428,326 | 7 | 248,137 | — | — | — | 248,144 |
| Conversion of warrants into common stock upon Merger (Note 14) | 2,759,970 | — | 60,568 | — | — | — | 60,568 |
| Conversion of convertible notes into common stock (Note 13) | 10,921,548 | 1 | 77,747 | — | — | — | 77,748 |
| Exchange of warrants into common stock (Note 14) | 4,683,349 | 1 | 168,646 | — | — | — | 168,647 |
| Issuance of common stock warrants for services (Note 14) | — | — | 9,183 | — | — | — | 9,183 |
| Public Warrants exercises (Note 14) | 12,638,723 | 1 | 312,115 | — | — | — | 312,116 |
| Issuance of 2028 Convertible Notes, net (Note 13) | — | — | 130,979 | — | — | — | 130,979 |
| Purchase of capped call options (Note 13) | — | — | (66,700) | — | — | — | (66,700) |
| Stock option exercises, net of statutory tax withholdings | 2,667,384 | — | (9,574) | — | — | — | (9,574) |
| Legacy stock warrant exercises (Note 14) | 369,539 | — | 418 | — | — | — | 418 |
| Stock-based compensation | — | — | 14,706 | — | — | — | 14,706 |
| Unrealized loss on available-for-sale securities | — | — | — | (175) | — | — | (175) |
| Foreign currency translation gain | — | — | — | 387 | — | — | 387 |
| Net loss | — | — | — | — | (101,211) | — | (101,211) |
| Balance as of December 31, 2021 | 144,671,624 | 14 | 1,176,845 | 20 | (509,052) | — | 667,827 |
| Cumulative-effect adjustment upon adoption of ASU 2020-06 (Note 13) | — | — | (130,979) | — | 1,598 | — | (129,381) |
| Cumulative-effect adjustment upon adoption of ASU 2016-13 (Note 2) | — | — | — | — | (573) | — | (573) |
| Common stock issued upon business combination (Note 6) | 8,621,006 | 1 | 108,882 | — | — | — | 108,883 |
| Stock option exercises, net of statutory tax withholdings | 1,019,552 | — | (1,178) | — | — | — | (1,178) |
| Issuance of common stock upon release of restricted stock units | 206,914 | — | — | — | — | — | — |
| Shares issued for exercise of warrants | 21,101 | — | 150 | — | — | — | 150 |
| Stock-based compensation | — | — | 31,644 | — | — | — | 31,644 |
| Unrealized loss on available-for-sale securities | — | — | — | (1,507) | — | — | (1,507) |
| Foreign currency translation adjustments | — | — | — | (185) | — | — | (185) |
| Contributions from non-controlling interests | — | — | — | — | — | 541 | 541 |
| Net loss | — | — | — | — | (124,054) | — | (124,054) |
| Balance as of December 31, 2022 | 154,540,197 | $15 | $1,185,364 | $(1,672) | $(632,081) | $541 | $552,167 |
| Stock option exercises, net of statutory tax withholdings | 125,534 | — | 276 | — | — | — | 276 |
| Issuance of common stock upon release of restricted stock units | 1,267,149 | 1 | — | — | — | — | 1 |
| Stock-based compensation | — | — | 40,916 | — | — | — | 40,916 |
| Purchase of capped call options (Note 13) | — | — | (27,840) | — | — | — | (27,840) |
| Unrealized gain on available-for-sale securities | — | — | — | 1,676 | — | — | 1,676 |
| Foreign currency translation adjustments | — | — | — | (46) | — | — | (46) |
| Redemption of non-controlling interests | — | — | — | — | — | (56) | (56) |
| Net loss | — | — | — | — | (140,413) | — | (140,413) |
| Balance as of December 31, 2023 | 155,932,880 | $16 | $1,198,716 | $(42) | $(772,494) | $485 | $426,681 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.