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Jun 30, 2022
Ouster Q2 2022 Earnings Report
Reported 40% year over year revenue growth driven by automation in industrial and robotics sectors.
Key Takeaways
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.
Ouster
Ouster
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%.
Challenges Ahead
- 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.