Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Ouster, Inc. reported the three months ended September 30, 2022 results: revenue $11.2 million, net income $36 million.
- Period
- the three months ended September 30, 2022
- Revenue
- $11.2 million
- Net income
- $36 million
- Result
- reported results
Exact text from the filing
SAN FRANCISCO, CA – November 7, 2022 – Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-resolution digital lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries, announced financial results for the three months ended September 30, 2022. Third Quarter 2022 Highlights • $11.2 million in revenue, up 44% year over year. • 33% gross margins, the highest margins in Ouster history, compared to 24% in the third quarter of 2021. • Sold 2,136 sensors in the third quarter, up 31% year over year. • Increased the number of Strategic Customer Agreements to 84, up from 80 in the prior quarter 1 • Net loss increased to $36 million, compared to $28 million in the second quarter of 2022 and $13 million in the third quarter of 2021.
View on SEC.gov