---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-209082"
form_type: "8-K"
ticker: "OUST"
cik: "0001816581"
company_name: "Ouster, Inc."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T18:47:29.253374+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ouster Q2 revenue $19M+ (up 88% YoY); net loss $123M; cost savings target raised to $110M+

## Summary
- Revenue over $19M, up 13% QoQ and 88% YoY; bookings totaled $43M.
- GAAP gross margin 1% (includes $3.8M excess/obsolete costs); non-GAAP gross margin 26% vs 25% Q1.
- Net loss $123M (incl. $67M goodwill impairment); adjusted EBITDA loss improved to $24M from $27M Q1.
- Cash, cash equivalents and short-term investments $224M as of June 30, 2023.
- Targeting annualized cost savings over $110M exiting Q4 2023, up from prior goal.

## SEC filing metadata
- accession: 0001193125-23-209082
- form_type: 8-K
- ticker: OUST
- cik: 0001816581
- company_name: Ouster, Inc.
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1816581/000119312523209082/0001193125-23-209082-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1816581/000119312523209082/d585214d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-209082
- JSON: https://secwatch.observer/filing/0001193125-23-209082.json
- Plain text: https://secwatch.observer/filing/0001193125-23-209082.txt

## Key facts
- Earnings Releases
  Ouster, Inc. reported three and six months ended June 30, 2023 results: net income Net loss of $123 million in the second quarter of 2023.
  - Period: three and six months ended June 30, 2023
  - Net income: Net loss of $123 million in the second quarter of 2023
  - Result: reported results
  source text: On August 10, 2023, Ouster, Inc. (the “ Company ”) announced financial results for the three and six months ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816581/000119312523209082/0001193125-23-209082-index.htm

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