Ouster reports Q4 2022 revenue down 8% YoY to $11M; net loss widens to $42M

Ouster, Inc.

Q4 2022 revenue of $11M (down 8% YoY); gross margins 17% vs 30% in Q4 2021.
Full-year 2022 revenue $41M (+22% YoY); gross margins 27%, net loss $139M (vs $94M in 2021).
Q4 2022 net loss $42M vs $28M in Q4 2021; adjusted EBITDA loss $23M.
Record Q4 sensor shipments: 2,950 units (+23% YoY); 8,650 sensors shipped in FY2022.
Completed merger with Velodyne in Feb 2023; $70M in bookings secured in 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Ouster, Inc. reported the year ended December 31, 2022 results: revenue $41 million, net income $139 million.

Period: the year ended December 31, 2022
Revenue: $41 million
Net income: $139 million
Result: reported results

Exact text from the filing

Full Year 2022 Financial Highlights 1 • Achieved 2022 guidance with $41 million in revenue and 27% gross margins. • Booked $70 million in business with new and existing customers in 2022. • Shipped over 8,650 sensors for revenue in 2022, totaling over 18,500 sensors shipped to date. • Net loss increased to $139 million in 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Ouster, Inc. reported the three months ended December 31, 2022 results: revenue $11 million, net income $42 million.

Period: the three months ended December 31, 2022
Revenue: $11 million
Net income: $42 million
Result: reported results

Exact text from the filing

Fourth Quarter 2022 Highlights 1 • $11 million in revenue, down 8% year over year. • 17% gross margins, compared to 30% in fourth quarter 2021. • Shipped a record of over 2,950 sensors for revenue in the fourth quarter, up 23% year over year. • Net loss increased to $42 million in the fourth quarter of 2022

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Ouster, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-077891

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