Slide 1: First Quarter 2024 Earnings Update
May 9, 2024 First Quarter 2024 Earnings Update
Slide 2: Disclaimers
First Quarter 2024 Earnings Update May 9, 2024 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 prov
Slide 3: Ouster is a global leader in 3D lidar
First Quarter 2024 Earnings Update May 9, 2024 Ouster is a global leader in 3D lidar Software Solutions Digital Lidar Diversified Business 3
Slide 4: Message from the CEO
First Quarter 2024 Earnings Update May 9, 2024 Message from the CEO The first quarter of 2024 built upon the positive operational momentum that we generated throughout 2023. We reported record revenues of $26 million, achieving an annualized run rate over $100 million for the first time in Ouster’s hi
Slide 5: 2024 Strategic Business Priorities
First Quarter 2024 Earnings Update May 9, 2024 2024 Strategic Business Priorities Expand software solutions and grow the installed base Advance the development of digital lidar hardware Progress on the long-term financial framework 5
Slide 6: Expand software solutions
First Quarter 2024 Earnings Update May 9, 2024 Expand software solutions Additional software tools designed to improve the ease of installation and provide additional statistics and analytics for smart infrastructure GEMINI BLUE CITY Cloud-backed digital lidar perception platform Complete Solutions
Slide 7: Advance digital lidar hardware
First Quarter 2024 Earnings Update May 9, 2024 Advance digital lidar hardware Multi-sensor suites with a common digital architecture across short, mid, and long range sensors L4: OS SERIES NEXT-GENERATION SYSTEM ON A CHIP CHRONOS: DF SERIES NEXT-GENERATION SYSTEM ON A CHIP 7
Slide 8: Long-Term Financial Framework
First Quarter 2024 Earnings Update May 9, 2024 Long-Term Financial Framework Achieve 30-50% Expand gross margin Maintain operating annual revenue to 35-40%. expenses at or below growth. Q3 2023 levels. Substantial momentum from Favorable mix shift to higher Complete manufacturing strong bookings per
Slide 9: Q1 2024 Results
First Quarter 2024 Earnings Update May 9, 2024 Q1 2024 Results $26M 29% In revenue GAAP gross margin Up 51% vs. the first quarter of 2023 Up from (2)% in the first quarter of 2023 36% 4,500+ Non-GAAP gross margin1 Sensors shipped Up from 25% in the first quarter of 2023 Up 49% vs. the first quarter of 2
Slide 10: Q2 2024 Revenue Guidance
First Quarter 2024 Earnings Update May 9, 2024 Q2 2024 Revenue Guidance $26 to $28 Million in Revenue 10
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Slide 12: GAAP to Non-GAAP Reconciliation
First Quarter 2024 Earnings Update May 9, 2024 GAAP to Non-GAAP Reconciliation THREE MONTHS ENDED GROSS PROFIT MARGIN ($K) March 31 December 31 March 31 2024 2023 2023 Gross (loss) profit on GAAP basis 7,425 5,411 (376) Stock-Based Compensation 913 856 774 Amortization of acquired intangible assets 4