NASDAQ$OUST

Ouster Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Ouster achieved 2022 guidance and reported a decrease in revenue and gross margins compared to Q4 2021, while shipping a record number of sensors.

Ouster, Inc. reported Q4 2022 revenue of $11 million, a decrease of 8% year-over-year. Gross margins were 17%, compared to 30% in Q4 2021. The company shipped a record of over 2,950 sensors, up 23% year-over-year. Net loss increased to $42 million, compared to $28 million in Q4 2021. Adjusted EBITDA loss decreased to $23 million, compared to a loss of $24 million in Q4 2021.

  • Revenue was $11 million, down 8% year-over-year.
  • Gross margins were 17%, compared to 30% in Q4 2021.
  • Shipped a record of over 2,950 sensors for revenue, up 23% year-over-year.
  • Net loss increased to $42 million, compared to $28 million in Q4 2021.

Headline financials

Total Revenue

$10.9M

Previous: $11.9M-7.7%
EPS (adj)

-$2.30

Previous: -$1.60-43.7%
GAAP gross margin

17.0%

Previous: 30.0%-43.3%
Lidar sensors shipped

3.0K

Previous: 2.4K+22.9%
Capital Expenditures

$3.07M

Previous: $2.51M+22.3%
Free Cash Flow

-$30.5M

Previous: -$28.5M-7.0%
Net Income

-$42.2M

Previous: -$28M-50.6%
Operating Income

-$42M

Previous: -$34.7M-21.1%
Gross Profit

$1.84M

Previous: $3.57M-48.5%
Cash & Equivalents

$123M

Previous: $183M-32.7%
Total Assets

$256M

Previous: $308M-16.8%
Stock-Based Comp

$8M

Previous: $6.81M+17.5%

Revenue & EPS history

Ouster · Revenue · Quarterly

$10.9M

Q4 2022-7.7%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

For the first quarter 2023, Ouster expects to achieve $15 million to $17 million in revenue.

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 2022

Historical avgQ4 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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