NASDAQ$OUST

Ouster Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported 40% year over year revenue growth driven by automation in industrial and robotics sectors.

Ouster reported a 40% year-over-year revenue increase, reaching $10.3 million, driven by growth in the industrial and robotics sectors. The company's gross margins were 27%. They revised their FY 2022 revenue guidance to $40 to $55 million.

  • Revenue was $10.3 million, up 40% year over year.
  • Gross margins were 27%, compared to 26% in the second quarter of 2021.
  • Shipped 2,020 sensors, up 38% year over year.
  • Net loss decreased to $28 million, compared to $32 million in the second quarter of 2021.

Headline financials

Total Revenue

$10.3M

Previous: $7.36M+40.3%
EPS (adj)

-$1.60

Previous: -$2.10+23.8%
GAAP gross margin

27.0%

Previous: 26.0%+3.8%
Lidar sensors shipped

2.0K

Previous: 1.5K+38.0%
Capital Expenditures

$861K

Previous: $62K+1288.7%
Free Cash Flow

-$34.4M

Previous: -$16M-115.0%
Net Income

-$28M

Previous: -$32M+12.5%
Operating Income

-$33.2M

Previous: -$21.4M-55.2%
Gross Profit

$2.78M

Previous: $1.9M+46.8%
Cash & Equivalents

$160M

Previous: $240M-33.5%
Total Assets

$291M

Previous: $276M+5.4%
Stock-Based Comp

$8.12M

Previous: $6.15M+31.9%

Revenue & EPS history

Ouster · Revenue · Quarterly

$10.3M

Q2 2022+40.3%vs Q2 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Ouster revised its FY 2022 revenue guidance to $40 million to $55 million and reaffirmed its gross margin target of 25% to 30%.

Headwinds

  • Ongoing macroeconomic pressures are impacting customer ramp timelines.
  • A significant number of large deals being delayed.
  • Deals are being staggered over a longer period of time than previously anticipated.

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 Q2 2022

Historical avgQ2 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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