Stem Posts $1.58 Q2 Loss Per Share, Deepening Red Ink
STEM is trading near its 52-week low of $4.92 (11% above the low).
Summary
Stem reported a Q2 loss of $1.58 per share, a significant deterioration from the prior quarter's reduced net loss and positive Adjusted EBITDA. The company's market cap is under $50 million, making this per-share loss highly material relative to its size. Q2 revenue missed analyst estimates due to lower hardware resales. This follows a series of insider tax-withholding sales and a $30M ATM offering, suggesting ongoing cash needs.
At the time of this announcement, STEM was trading at $5.45 on NYSE in the Technology sector, with a market capitalization of approximately $48.8M. The 52-week trading range was $4.92 to $32.23. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.