NASDAQ$OUST
Ouster Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported 44% year-over-year revenue growth and 33% gross margins.
Ouster reported $11.2 million in revenue for Q3 2022, a 44% increase year-over-year, with gross margins of 33%. The company sold 2,136 sensors, up 31% year-over-year, and increased Strategic Customer Agreements to 84. However, the net loss increased to $36 million and the adjusted EBITDA loss was $24 million.
- Revenue was $11.2 million, up 44% year over year.
- Gross margins reached 33%, the highest in Ouster's history, compared to 24% in Q3 2021.
- 2,136 sensors were sold, a 31% increase year over year.
- Strategic Customer Agreements increased to 84, up from 80 in the prior quarter.
Headline financials
Revenue & EPS history
Ouster · Revenue · Quarterly
$11.2M
Forward guidance
Ouster reiterated its FY 2022 revenue guidance of $40 million to $55 million and its gross margin target of 25% to 30%.
Tailwinds
- Unlock significant synergies with Velodyne.
- Create a company with the scale and resources to deliver stronger solutions.
- Accelerate time to profitability.
- Enhance value for shareholders.
- Reduce product costs.
Headwinds
- FY 2022 guidance does not reflect any contribution from the planned merger of equals
- Merger is subject to regulatory approvals.
- Merger is subject to approval by the stockholders of both companies.
- Merger is subject to other customary closing conditions.
- Merger is expected to close in the first half of 2023.
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 Q3 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
| Quarter | Report date | Reaction (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% |
Discussion
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