Earnings Call Summary | Stem Inc(STEM.US) Q1 2024 Earnings Conference
Earnings Call Summary | Stem Inc(STEM.US) Q1 2024 Earnings Conference
The following is a summary of the Stem, Inc. (STEM) Q1 2024 Earnings Call Transcript:
以下是Stem, Inc.(STEM)2024年第一季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Stem, Inc. reported Q1 2024 revenue of $25 million, a decrease of 62% compared to Q1 2023 due to a $33 million adjustment related to legacy contract guarantees from 2022 and the first half of 2023, and adverse market conditions.
Though revenue declined, the company achieved a record non-GAAP gross margin of 24%, driven by higher mixes of software and services revenue.
Adjusted EBITDA was negative $12.2 million versus negative $13.7 million in Q1 2023. Operating cash flow was nearly balanced this quarter, which was a $35 million improvement over Q1 2023.
Stem, Inc.報告稱,2024年第一季度收入爲2500萬美元,與2023年第一季度相比下降了62%,這是由於與2022年和2023年上半年的傳統合同擔保相關的3300萬美元調整以及不利的市場狀況。
儘管收入下降,但受軟件和服務收入混合增長的推動,該公司實現了創紀錄的非公認會計准則毛利率24%。
調整後的息稅折舊攤銷前利潤爲負1,220萬美元,而2023年第一季度爲負1,370萬美元。本季度的運營現金流幾乎保持平衡,比2023年第一季度增加了3500萬美元。
Business Progress:
業務進展:
Stem, Inc. is moving forward with converting contracted annual recurring revenue (CARR) to annual recurring revenue (ARR) and continues to secure software-only deals.
The contracted backlog was $1.6 billion at the end of Q1 2024, compared to $1.9 billion at the end of Q4 2023.
Stem prioritizes cash flow generation, developing software and services revenue, and maintaining its technology leadership position in 2024.
The company has introduced a new software product, PowerTrack Asset Performance Management Suite, set to be available at the end of this year.
The company is shifting its focus from C&I projects due to delays, to municipal power and public power markets.
Stem's business strategy now includes shortening conversion times from booking to revenue, focusing on software, which will likely enhance their financial performance.
Stem, Inc. 正在推進將合同年度經常性收入 (CARR) 轉換爲年度經常性收入 (ARR) 的工作,並將繼續確保純軟件交易。
截至2024年第一季度末,合同積壓量爲16億美元,而2023年第四季度末爲19億美元。
Stem 將現金流創造、開發軟件和服務收入以及在 2024 年保持其技術領先地位作爲優先事項。
該公司推出了一款新的軟件產品PowerTrack資產績效管理套件,該產品定於今年年底上市。
由於延誤,該公司正在將重點從C&I項目轉移到市政電力和公共電力市場。
Stem的業務戰略現在包括縮短從預訂到收入的轉換時間,將重點放在軟件上,這可能會提高他們的財務業績。
More details: Stem Inc IR
更多詳情: Stem Inc IR
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譯文內容由第三人軟體翻譯。