STEM INC
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 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
Condensed Consolidated Statements of Stockholders’ Equity (Deficit)
(in thousands, except share amounts)
| Common Stock · Additional Paid-In Capital · Accumulated Other Comprehensive (Loss) Income · Accumulated Deficit · Non-controlling Interests · Total Stockholders’ Equity (Deficit) | |||||||
|---|---|---|---|---|---|---|---|
| Shares · Amount | |||||||
| Balance as of January 1, 2024 | 155,932,880 | $16 | $1,198,716 | $(42) | $(772,494) | $485 | $426,681 |
| Issuance of common stock upon release of restricted stock units | 2,632,464 | — | — | — | — | — | — |
| Issuance of fully vested restricted stock units for employee bonuses (Note 9) | 2,961,438 | — | 8,114 | — | — | — | 8,114 |
| Stock-based compensation | — | — | 9,367 | — | — | — | 9,367 |
| Unrealized gain on available-for-sale securities | — | — | — | 3 | — | — | 3 |
| Foreign currency translation adjustments | — | — | — | 193 | — | — | 193 |
| Net loss | — | — | — | — | (72,307) | — | (72,307) |
| Balance as of March 31, 2024 | 161,526,782 | 16 | 1,216,197 | 154 | (844,801) | 485 | 372,051 |
| Issuance of common stock upon release of restricted stock units | 1,060,744 | — | — | — | — | — | — |
| Stock-based compensation | — | — | 7,542 | — | — | — | 7,542 |
| Foreign currency translation adjustments | — | — | — | (60) | — | — | (60) |
| Net loss | — | — | — | — | (582,270) | — | (582,270) |
| Balance as of June 30, 2024 | 162,587,526 | $16 | $1,223,739 | $94 | $(1,427,071) | $485 | $(202,737) |
| Common Stock · Additional Paid-In Capital · Accumulated Other Comprehensive (Loss) Income · Accumulated Deficit · Non-controlling Interests · Total Stockholders’ Equity | |||||||
|---|---|---|---|---|---|---|---|
| Shares · Amount | |||||||
| Balance as of January 1, 2023 | 154,540,197 | $15 | $1,185,364 | $(1,672) | $(632,081) | $541 | $552,167 |
| Stock option exercises, net of statutory tax withholdings | 65,045 | — | 149 | — | — | — | 149 |
| Issuance of common stock upon release of restricted stock units | 903,061 | 1 | — | — | — | — | 1 |
| Stock-based compensation | — | — | 8,108 | — | — | — | 8,108 |
| Unrealized gain on available-for-sale securities | — | — | — | 1,543 | — | — | 1,543 |
| Foreign currency translation adjustments | — | — | — | 127 | — | — | 127 |
| Redemption of non-controlling interests | — | — | — | — | — | (72) | (72) |
| Net loss | — | — | — | — | (44,778) | — | (44,778) |
| Balance as of March 31, 2023 | 155,508,303 | 16 | 1,193,621 | (2) | (676,859) | 469 | 517,245 |
| Stock option exercises, net of statutory tax withholdings | 39,528 | — | 80 | — | — | — | 80 |
| Issuance of common stock upon release of restricted stock units | 248,580 | — | — | — | — | — | — |
| Stock-based compensation | — | — | 10,817 | — | — | — | 10,817 |
| Purchase of capped call options (Note 8) | — | — | (27,840) | — | — | — | (27,840) |
| Unrealized gain on available-for-sale securities | — | — | — | 47 | — | — | 47 |
| Foreign currency translation adjustments | — | — | — | (133) | — | — | (133) |
| Contributions from non-controlling interests | — | — | — | — | — | 6 | 6 |
| Net income | — | — | — | — | 19,122 | — | 19,122 |
| June 30, 2023 | 155,796,411 | $16 | $1,176,678 | $(88) | $(657,737) | $475 | $519,344 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.