|
Revenue
|
|
|
|
|
|
|
|
|
|
Total cost of revenue
|
|
$13.4m
|
$27.7m
|
$97.1m
|
$329.9m
|
$351.9m
|
$110.3m
|
$96.3m
|
|
Gross profit (loss)
|
|
($3.3m)
|
($3.9m)
|
$1.2m
|
$33.1m
|
$3.7m
|
($11.1m)
|
$60.0m
|
|
Research and development
|
|
$14.7m
|
$15.9m
|
$22.7m
|
$38.3m
|
$56.5m
|
$51.3m
|
$35.3m
|
|
Total operating expenses
|
|
$44.6m
|
$3.5m
|
$84.3m
|
$164.2m
|
$183.0m
|
$828.4m
|
$115.6m
|
|
Sales and marketing
|
|
$17.5m
|
$14.8m
|
$19.9m
|
$48.9m
|
$51.6m
|
$37.8m
|
$28.7m
|
|
General and administrative
|
|
$12.4m
|
$3.1m
|
$41.6m
|
$77.0m
|
$74.9m
|
$88.1m
|
$51.6m
|
|
Impairment of parent company guarantees
|
|
—
|
—
|
—
|
$0
|
$0
|
$104.1m
|
$0
|
|
Impairment of goodwill
|
|
—
|
—
|
—
|
$0
|
$0
|
$547.2m
|
$0
|
|
Loss from operations
|
|
($47.9m)
|
($49.4m)
|
($83.1m)
|
($131.1m)
|
($179.3m)
|
($839.5m)
|
($55.7m)
|
|
Gain on extinguishment of debt
|
|
$0
|
$0
|
($5.1m)
|
$0
|
$59.1m
|
$0
|
$220.0m
|
|
Change in fair value of derivative liability
|
|
—
|
—
|
—
|
$0
|
($7.7m)
|
$1.5m
|
$0
|
|
Change in fair value of warrant liability
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($3.2m)
|
|
Other income, net
|
|
($503k)
|
($1.5m)
|
$898k
|
$2.4m
|
$2.9m
|
$2.6m
|
$1.1m
|
|
Income (loss) before provision for income taxes
|
|
($59.4m)
|
($156.1m)
|
($101.2m)
|
($139.2m)
|
($140.0m)
|
($853.7m)
|
$138.3m
|
|
Provision for income taxes
|
|
($6k)
|
($5k)
|
$0
|
$15.2m
|
($433k)
|
($332k)
|
($536k)
|
|
Net loss attributable to Stem common stockholders, diluted
|
|
—
|
—
|
—
|
—
|
($140.4m)
|
($854.0m)
|
($78.0m)
|
|
Net income (loss)
|
|
($10k)
|
($156.1m)
|
($101.2m)
|
($124.1m)
|
($140.4m)
|
($854.0m)
|
$137.8m
|
|
Net income (loss) per share attributable to common shareholders, basic (in dollars per share)
|
|
($2)
|
($4)
|
($1)
|
($1)
|
($1)
|
($5)
|
$17
|
|
Net income (loss) per share attributable to common shareholders, diluted (in dollars per share)
|
|
($2)
|
($4)
|
($1)
|
($1)
|
($1)
|
($5)
|
($9)
|
|
Net income (loss) attributable to common stockholders, basic
|
|
($10k)
|
($156.1m)
|
($101.2m)
|
($124.1m)
|
($140.4m)
|
($854.0m)
|
$137.8m
|
|
Weighted-average shares used in computing net income (loss) per share to common shareholders, basic (in shares)
|
|
($0)
|
($4)
|
($1)
|
($1)
|
($1)
|
($5)
|
$17
|
|
Weighted-average shares used in computing net loss per share to common shareholders, diluted (in shares)
|
|
($0)
|
($4)
|
($1)
|
($1)
|
($1)
|
($5)
|
$16
|
|
Interest expense
|
|
($12.5m)
|
($20.8m)
|
($17.4m)
|
($10.5m)
|
($15.0m)
|
($18.3m)
|
($23.9m)
|
|
Total other income (expense), net
|
|
($11.6m)
|
($106.7m)
|
($18.1m)
|
($8.1m)
|
$39.3m
|
($14.2m)
|
$194.0m
|