---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-142039"
form_type: "8-K"
ticker: "OUST"
cik: "0001816581"
company_name: "Ouster, Inc."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T04:36:36.578825+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Revenue $17M, up 101% YoY from $8.6M, exceeding guidance.
- Bookings $33M; shipped 3,000+ sensors (+95% YoY); REV7 to 110+ customers.
- GAAP gross margin (2%), non-GAAP 25%; net loss $177M (incl $99M goodwill impairment) vs $32M loss prior year.
- Adjusted EBITDA loss $27M vs $23M; cash $257M.
- Targeting annualized merger cost synergies $80-85M, increased from prior target.

## SEC filing metadata
- accession: 0001193125-23-142039
- form_type: 8-K
- ticker: OUST
- cik: 0001816581
- company_name: Ouster, Inc.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1816581/000119312523142039/0001193125-23-142039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1816581/000119312523142039/d480914d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-142039
- JSON: https://secwatch.observer/filing/0001193125-23-142039.json
- Plain text: https://secwatch.observer/filing/0001193125-23-142039.txt

## Key facts
- Earnings Releases
  Ouster, Inc. reported three months ended March 31, 2023 results: revenue $17 million, net income ($177) million.
  - Period: three months ended March 31, 2023
  - Revenue: $17 million
  - Net income: ($177) million
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816581/000119312523142039/0001193125-23-142039-index.htm

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