---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-022775"
form_type: "8-K"
ticker: "OUST"
cik: "0001816581"
company_name: "Ouster, Inc."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:40:02.372534+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ouster and Velodyne merger progresses; $315M combined cash, board designees set, FY2022 guidance achieved

## Summary
- Ouster achieved FY2022 revenue guidance of $40M-$55M and gross margin of 25%-30%.
- Velodyne exceeded Q4 2022 guidance with billings of $13M-$15M and revenue of $12M-$14M.
- Combined cash balance ~$315M as of Dec 31, 2022; expects to pay off ~$40M credit facility debt after close.
- Annualized cost savings of at least $75M within 9 months of closing, based on standalone cost structures.
- Ouster and Velodyne each designated four directors for Combined Company board, including CEOs Pacala and Tewksbury.

## SEC filing metadata
- accession: 0001193125-23-022775
- form_type: 8-K
- ticker: OUST
- cik: 0001816581
- company_name: Ouster, Inc.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1816581/000119312523022775/0001193125-23-022775-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1816581/000119312523022775/d644394d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-022775
- JSON: https://secwatch.observer/filing/0001193125-23-022775.json
- Plain text: https://secwatch.observer/filing/0001193125-23-022775.txt

## Key facts
- Earnings Releases
  Ouster, Inc. reported the fiscal year ended December 31, 2022 results: revenue $40 to $55 million.
  - Period: the fiscal year ended December 31, 2022
  - Revenue: $40 to $55 million
  - Result: preliminary results
  source text: Ouster achieved its Fiscal Year 2022 guidance of $40 to $55 million in revenue and 25% to 30% in gross margins.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816581/000119312523022775/0001193125-23-022775-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.