Stem SPAC Presentation Deck

stem GAAP Income Statement ($000s) Revenue Cost of Revenue Gross Margin Operating expenses Sales and marketing Research and development General and administrative Total operating expenses Operating loss Interest expense, net Change in fair value of warrants and emdedded derivative Other expenses, net Loss before income taxes Income tax expense Net Loss Other comprehensive income: Foreign currency translation adjustment Comprehensive Loss Source: Stem financials. Confidential 45 Year Ended December 31, 2019 $ 17,282 20,464 (3,182) 17,462 14,703 10,725 42,890 (46,072) (17,094) 101 (2,203) $(65,268) 6 $(65,274) 54 $(65,220)

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