secwatch.observer — SEC 8-K summary
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Issuer:     Ouster, Inc. (OUST)
CIK:        0001816581
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001193125-23-142039
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816581/000119312523142039/0001193125-23-142039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816581/000119312523142039/d480914d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-142039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer