secwatch.observer — SEC 8-K summary
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Issuer:     Ouster, Inc. (OUST)
CIK:        0001816581
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001193125-23-209082
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816581/000119312523209082/0001193125-23-209082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816581/000119312523209082/d585214d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-209082

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