LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICITĬonvertible promissory notes (includes $45,385 and $45,271 due to related parties as of Maand December 31, 2020, respectively) Other current assets (includes $1,485 and $123 due from related parties as of Maand December 31, 2020, respectively)
Stem inc revenue update#
Stem does not undertake any duty to update these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
We caution you that the foregoing list of factors is not exhaustive, and readers should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward looking statements will be achieved. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Stem and its management, depend upon inherently uncertain factors that may cause actual results to differ materially from current expectations, including, but not limited to: Stem’s ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of Stem to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees risks relating to the development and performance of Stem’s energy storage systems and software-enabled services the possibility that Stem may be adversely affected by other economic, business and/or competitive factors the ability to maintain the listing of Stem’s securities on the NYSE following the consummation of the business combination the risk that the business combination disrupts current plans and operations of Stem changes in applicable laws or regulations Stem’s estimates of its financial performance the outcome of any legal proceedings that may be instituted against Stem or others following the consummation of the business combination the impact of the COVID-19 pandemic and its effect on Stem’s business, financial condition and results of operations and other risks and uncertainties set forth in the section entitled “Risk Factors” in the definitive proxy statement relating to the business combination filed by Star Peak on Maand other documents Stem files with the SEC in the future. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate," “believe," “predict,” or the negatives of these terms or variations of them or similar terminology. For example, projections of future revenue and other metrics are forward-looking statements. As such, these non-GAAP measures should be considered as a supplement to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.Ĭertain statements in this communication may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These non-GAAP financial measures do not reflect a comprehensive system of accounting, differ from GAAP measures with the same captions, and may differ from non-GAAP financial measures with the same or similar captions that are used by other companies.
Reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure can be found in the accompanying tables to this release. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either exclude or include amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles in the United States, or GAAP. The Company has presented certain non-GAAP financial measures in this release, such as Non-GAAP Gross Margin and Adjusted EBITDA.
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