NASDAQ$OUST

Ouster Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Ouster's Q4 2021 financial results were announced, revealing a revenue increase and progress in strategic customer agreements.

Ouster, Inc. reported Q4 2021 revenue of $11.9 million, up 86% year over year, with a gross margin of 30%. The company shipped over 2,400 sensors, a 198% increase year over year, and increased the number of Strategic Customer Agreements to 68. The net loss decreased to $28 million, while the adjusted EBITDA loss increased to $24 million.

  • Revenue reached $11.9 million, up 86% year over year.
  • Gross margins were 30%, slightly down from 31% in Q4 2020.
  • Over 2,400 sensors were shipped, marking a 198% increase year over year.
  • Strategic Customer Agreements increased to 68, representing approximately $500 million in contracted revenue opportunity through 2025.

Headline financials

Total Revenue

$11.9M

Previous: $6.38M+85.9%
EPS (adj)

-$1.60

Previous: -$4.50+64.4%
GAAP gross margin

30.0%

Previous: 31.0%-3.2%
Lidar sensors shipped

2.4K

Previous: 800+200.0%
Capital Expenditures

$2.51M

Previous: $1.12M+125.0%
Free Cash Flow

-$28.5M

Previous: -$8.6M-230.9%
Net Income

-$28M

Previous: -$57.2M+51.0%
Operating Income

-$34.7M

Previous: -$14.1M-145.8%
Gross Profit

$3.57M

Previous: $1.97M+81.0%
Cash & Equivalents

$183M

Previous: $11.4M+1507.5%
Total Assets

$308M

Previous: $46.4M+563.0%
Stock-Based Comp

$6.81M

Previous: $4.17M+63.4%

Revenue & EPS history

Ouster · Revenue · Quarterly

$11.9M

Q4 2021+85.9%vs Q4 2020
Beat estimate in 4 of 11 quarters(36%)
ActualEstimate

Forward guidance

Ouster aims to double revenue for the full year 2022, targeting a range of $65 million to $85 million, and expects to maintain positive gross margins, targeting a range of 25% to 30%.

Tailwinds

  • At least one OEM production program award expected this year.
  • Upcoming launch of its L3 chip.
  • Critical safety certifications to displace legacy sensors across its verticals.
  • A more robust software ecosystem.
  • Meaningful customer growth.

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 Q4 2021

Historical avgQ4 2021

+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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