Ouster Q1 revenue $17M (+101% YoY), beats guidance; net loss $177M on $99M goodwill impairment

First Quarter 2023 Highlights • Over $17 million in revenue 1 , up 101% from $8.6 million in the first quarter of 2022. • Booked 2 $33 million in business with new and existing customers. • Gross margins of (2%), compared to 30% in the first quarter of 2022. • Non-GAAP gross margins of 25% in the first quarter of 2023. • Shipped over 3,000 sensors for revenue in the first quarter, up 95% year over year. • Net loss increased to $177 million in the first quarter of 2023 primarily due to the non-cash goodwill impairment charges of $99 million and higher operating losses associated with Velodyne merger, compared to $32 million in the first quarter of 2022. • Adjusted EBITDA 3 loss increased to $27 million, compared to a loss of $23 million in the first quarter of 2022. • Cash, cash equivalents and short-term investments balance of $257 million as of March 31, 2023.