Stem Sees FY24 Revenue $200M-$270M Vs $567M-$667M Prior, $599M Estimate
Author: Benzinga Newsdesk | August 06, 2024 05:18pm
Outlook
The Company is updating its full year 2024 guidance ranges as follows ($ millions, unless otherwise noted):
| | | Previous | | Updated |
| Revenue | | $567 - $667 | | $200 - $270 |
| | | | | |
| Non-GAAP Gross Margin (%) | | 15% - 20% | | 25% - 30% |
| | | | | |
| Adjusted EBITDA | | $5 - $20 | | ($30) - ($20) |
| | | | | |
| Bookings | | $1,500 - $2,000 | | $600 - $1,100 |
| | | | | |
| CARR (year-end) | | $115 - $130 | | $100 - $110 |
| | | | | |
| Operating Cash Flow | | Greater than $50 | | Greater than $15 |
Posted In: STEM
