Slide 1: Second Quarter 2024 Earnings Update
August 13, 2024 Second Quarter 2024 Earnings Update
Slide 2: Disclaimers
Second Quarter 2024 Earnings Update August 13, 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
Slide 3: Ouster is a global leader in 3D lidar
Second Quarter 2024 Earnings Update August 13, 2024 Ouster is a global leader in 3D lidar Software Solutions Digital Lidar Diversified Business 3
Slide 4: Message from the CEO
Second Quarter 2024 Earnings Update August 13, 2024 Message from the CEO Our second quarter results showcase solid execution with GAAP gross margin increasing to 34% and revenues of $27 million. We have delivered five straight quarters of expanding gross margin and higher revenue. In conjunction with
Slide 5: 2024 Strategic Business Priorities
Second Quarter 2024 Earnings Update August 13, 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
Second Quarter 2024 Earnings Update August 13, 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 Solut
Slide 7: Advance digital lidar hardware
Second Quarter 2024 Earnings Update August 13, 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
Second Quarter 2024 Earnings Update August 13, 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 booking
Slide 9: Q2 2024 Results
Second Quarter 2024 Earnings Update August 13, 2024 Q2 2024 Results $27M 34% In revenue GAAP gross margin Up 39% vs. the second quarter of 2023 Up from 1% in the second quarter of 2023 40% 4,000+ Non-GAAP gross margin1 Sensors shipped Up from 26% in the second quarter of Up 34% vs. the second quarte
Slide 10: Q3 2024 Revenue Guidance
Second Quarter 2024 Earnings Update August 13, 2024 Q3 2024 Revenue Guidance $27 to $29 Million in Revenue 10
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Slide 12: GAAP to Non-GAAP Reconciliation
Second Quarter 2024 Earnings Update August 13, 2024 GAAP to Non-GAAP Reconciliation THREE MONTHS ENDED GROSS PROFIT MARGIN ($K) June 30 June 30 March 31 2024 2023 2024 Gross (loss) profit on GAAP basis 9,098 186 7,425 Stock-Based Compensation 1,210 654 913 Amortization of acquired intangible assets 3