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Mar 31, 2022
Ouster Q1 2022 Earnings Report
Ouster reported second-highest revenue quarter and maintained industry-leading gross margins.
Key Takeaways
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.
Ouster
Ouster
Forward Guidance
Ouster reiterates its FY 2022 guidance of $65 million to $85 million in revenue and 25% to 30% gross margins.
Positive Outlook
- Sales pipeline
- Bookings
- Commercial expansion plans
- Major product announcements planned for later in the year
- Leading cost structure