Ouster Q4 2021 Earnings Report
Key Takeaways
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.
Ouster
Ouster
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%.
Positive Outlook
- 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.