![]() In addition, we are leveraging our technology leadership to introduce an offering that provides flexibility for our customers in system design, and can help to mitigate disruptions at any one supplier. To address this risk, we are undertaking a strategy to diversify and deepen our relationships with battery OEMs. We were negatively impacted by COVID related shutdowns in the fourth quarter in China. We faced several headwinds during the quarter and throughout the year. Before we move on from this slide, I would like to make a couple comments about our full year results. We are also staying ahead of the supply chain, with capacity contracted through Q1 2024. We are implementing technology and processes to control cost and leveraging our infrastructure in India to grow headcount in lower cost regions. We continue to drive operating leverage, as we ramp headcount at a slower rate than our revenue growth. ![]() I’ll discuss more of this opportunity later in the call. Focusing on the right side of the page, we continued our momentum in eMobility with an exciting strategic partnership with ChargePoint. We grew our Contracted Annual Recurring Revenue or CARR another 7% quarter-over-quarter to $65 million in the range of our guidance that was also raised by $5 million during our 2Q earnings call. We are also capitalizing on the tremendous macro tailwinds in this industry. The bookings momentum is a testament to our software and services solutions that are differentiated in the marketplace. In fact, if you go back to our 4Q ’21 earnings call, our bookings ended 50% higher than our original full year guidance. ![]() As we previewed in our interim update in early January, revenue came in within the guidance range and our bookings were well ahead of guidance that we had already raised in the middle of 2022. Our diversified business model across multiple products and geographies help the Company navigate these headwinds. We achieved these results despite a turbulent environment throughout 2022, including supply chain volatility, interconnection and permitting delays cost inflation, and solar import declines from the AD/CVD and UFLPA restrictions. Our revenue and bookings in the fourth quarter alone were higher than in the entire year of 2021, which is a remarkable achievement over a short period of time. We also reported record bookings of $458 million which was 2x higher than the same quarter last year. Today, we reported solid fourth quarter results, including record revenue of $156 million, which was 3x higher than the same quarter last year. Following my remarks, I’ll turn the call over to Bill Bush, our Chief Financial Officer, who will discuss our financial results in more detail and provide 2023 guidance. I will then review our strong operating results, and new offerings that demonstrate our technology leadership. Followed by an overview of our commercial execution and provide an update on the supply chain. Starting with Slide 3 and the agenda for the discussion today, I will review our fourth quarter 2022 results and highlights. Ladies and gentlemen, thank you for joining us on the call today. And now, I will turn the call over to John. Michael Carlson, Chief Operating Officer and Prakesh Patel, Chief Strategy Officer, will also be available for the question-and-answer portion of the call. Our earnings release and presentation are on the Investor Relations portion of our website at John Carrington, our CEO, and Bill Bush, CFO, will start the call today with prepared remarks. We will be using a slide presentation today. Additional details and reconciliations to the most directly comparable GAAP financial measures can be found in our earnings release. Our comments today also include non-GAAP financial measures. We therefore refer you to our latest 10-K and our other SEC filings. These matters involve risks and uncertainties that could cause our results to differ materially from those projected in these statements. Before we begin, please note that some of the statements we will be making today are forward-looking. This is Ted Durbin, Head of Investor Relations at Stem, and we welcome you to our fourth quarter and full year 2022 earnings call. I would now like to turn the call over to your host, Ted Durbin, Head of Investor Relations. After the presentation, there will be an opportunity to ask questions. As a reminder, all participants are in a listen-only mode and the conference is being recorded. Fourth Quarter 2022 Earnings Conference Call.
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