NASDAQ$OUST

Ouster Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Ouster reported second-highest revenue quarter and maintained industry-leading gross margins.

Ouster, Inc. announced financial results for Q1 2022, reporting $8.6 million in revenue, a 29% increase year-over-year, and a gross margin of 30%. The company shipped 1,550 sensors and increased the number of Strategic Customer Agreements to 72. Net loss increased to $32 million, and adjusted EBITDA loss increased to $23 million.

  • Revenue reached $8.6 million, up 29% year over year.
  • Gross margins were 30%, compared to 26% in Q1 2021.
  • Shipped 1,550 sensors, a 58% increase year over year.
  • Strategic Customer Agreements increased to 72, representing over $550 million in contracted revenue opportunity through 2026.

Headline financials

Total Revenue

$8.56M

Previous: $6.61M+29.5%
EPS (adj)

-$1.90

Previous: -$3.80+50.0%
GAAP gross margin

30.0%

Previous: 26.0%+15.4%
Lidar sensors shipped

1.6K

Previous: 0
Capital Expenditures

$416K

Previous: $597K-30.3%
Free Cash Flow

-$22.2M

Previous: -$13M-71.2%
Net Income

-$32.4M

Previous: -$21M-54.6%
Operating Income

-$34.2M

Previous: -$16.3M-109.7%
Gross Profit

$2.59M

Previous: $1.74M+48.7%
Cash & Equivalents

$161M

Previous: $257M-37.5%
Total Assets

$284M

Previous: $290M-2.1%
Stock-Based Comp

$8.75M

Previous: $5.26M+66.5%

Revenue & EPS history

Ouster · Revenue · Quarterly

$8.56M

Q1 2022+29.5%vs Q1 2021
Beat estimate in 4 of 11 quarters(36%)
ActualEstimate

Forward guidance

Ouster reiterates its FY 2022 guidance of $65 million to $85 million in revenue and 25% to 30% gross margins.

Tailwinds

  • Sales pipeline
  • Bookings
  • Commercial expansion plans
  • Major product announcements planned for later in the year
  • Leading cost structure

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+6.8%

Avg return

Earnings day

+7.2%

Avg return

5 days after

+7.1%

Avg return

30 days after

64%

16 / 25 earnings

Positive

+34.3%

Q4 2023

Best reaction

-27.9%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.6%-10.4%+67.3%
Q4 2025+7.4%+0.1%-3.8%
Q3 2025-6.6%-7.3%-10.5%
Q1 2025+22.7%+31.4%+68.7%
Q4 2024+31.9%+26.7%-16.6%
Q3 2024+2.0%+24.8%+32.7%
Q2 2024-27.9%-26.6%-43.8%
Q1 2024+25.8%+21.5%+16.2%
Q4 2023+34.3%+59.1%+49.9%
Q3 2023+12.6%+18.7%+34.0%
Q2 2023+30.6%+31.6%-0.4%
Q1 2023+18.5%+39.8%+34.8%
Q4 2022-10.3%-20.3%-57.2%
Q3 2022-13.7%+3.4%+2.6%
Q2 2022-4.5%-20.7%-31.8%
Q1 2022-0.3%-10.4%-38.8%
Q4 2019-6.6%-16.6%+34.3%
Q4 2021+23.0%+22.6%+18.0%
Q3 2021+13.4%+4.1%-4.1%
Q2 2020+3.5%-1.0%-18.5%
Q2 2021+2.0%+1.2%-18.8%
Q1 2020+15.6%+14.5%+50.7%
Q1 2021-6.7%-12.5%+14.6%
Q4 2020-1.1%+6.9%-6.0%
Q3 2020+3.6%+0.4%+3.6%

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