Slide 1: Second Quarter 2023 Earnings Update
Second Quarter 2023 Earnings Update Palm Drive, Stanford Captured with REV7 OS1 August 10, 2023
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Ouster intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained
Slide 3: Ouster is a global leader in 3D lidar
Software Solutions Digital Lidar Diversified Business Ouster is a global leader in 3D lidar 3
Slide 4: Q2 2023 Highlights
$19M 3,000+ Revenue Sensors shipped $43M Bookings Q2 2023 Highlights 4 4
Slide 5: Ouster is well positioned to capture fast-growing markets
Ouster is well positioned to capture fast-growing markets 2023 Strategic Business Priorities 1 2 3 4 EXECUTE ON DIGITAL LIDAR ROADMAP DRIVE NEW SOFTWARE OPERATING MODEL BUSINESS ECOSYSTEM REV7 OS SERIES DF SERIES Build a strong Deliver near-term The highest Develop Develop a robust business model gr
Slide 6: L4 Chip: Another exponential step in the silicon roadmap
Another exponential step in the silicon L4 Chip roadmap 6
Slide 7: Digital Flash: The end-state of automotive lidar
Digital Flash The end-state of automotive lidar DF final form factor SYSTEM ON A CHIP PROGRESSION 40 mm Godzilla Chronos 2021 2023 True solid state lidar Multi-sensor suite Flash performance ZERO moving parts Common digital architecture across Over 200m range with no scanning short, mid, and long ra
Slide 8: Software: Groundbreaking smart infrastructure software solutions
Software Groundbreaking smart infrastructure software solutions Digital Lidar Perception Platform Complete Solutions While-labeled software that integrates with Turnkey traffic management third-party solutions for Security, Crowd Analytics, and ITS 8
Slide 9: Cutting edge AI deployed today
Cutting edge AI Over 200 active installations of Ouster Gemini and BlueCity deployed today 9 9
Slide 10: Ouster is intently focused on building a competitive go-forward enterprise
Drive new business Execute on digital lidar roadmap Develop a robust software ecosystem Ouster is intently focused on building a competitive Build a financially strong business go-forward enterprise 10 610
Slide 11: Q2 2023 Results
$19 Million in Revenue Up from $17 million in first quarter 2023 $43 million in Bookings $76 million in bookings year-to date 2023 $70 million in bookings in 2022 1% Gross Margin Up from (2)% in the first quarter of 2023 26% non-GAAP gross margin1 Q2 2023 Results 3,000+ Sensors Shipped 1 Non-GAAP gr
Slide 12: Align Ouster's cost structure with a path to profitability
Align Ouster’s cost structure with a path to profitability Cash balance1 approximately (as of June 30, 2023) $224 million Cost savings target2 Over (annualized compared to standalone cost structures as of third quarter 2022) $110 million Cost reduction progress3 approximately (at end of second quart
Slide 13: Q3 2023 Revenue Guidance
Q3 2023 Revenue Guidance $20 to 22 Million in Revenue 13 1 7 3
Slide 14: Winery, Oregon - Captured with REV7 OS1
Winery, Oregon Captured with REV7 OS1
Slide 15: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation GROSS PROFIT MARGIN ($K) THREE MONTHS ENDED June 30 2023 2022 Gross (loss) profit on GAAP basis 186 2,782 Stock-Based Compensation 654 146 Amortization of acquired intangible assets 412 - Excess & obsolete expenses & loss on firm purchases commitments 3,750 - Gross pr