Ouster, Inc. (OUST) SEC Filings & Earnings Calls

Tariff cost uncertainty

“We expect that the current uncertainty surrounding U.S. trade relationships may impact our future product costs and margins, particularly to the extent there are significant tariffs or trade restrictions imposed on goods imported from Thailand, Canada, Taiwan or China that are used in our products.” · word for word

ASP pressure

“We expect that our selling prices will vary by target end market and application due to market-specific supply and demand dynamics. We expect to continue to experience some downward pressure on prices from signing anticipated large multi-year agreements in the near term with multi-year negotiated pricing.” · word for word

Single source supplier risk

“Some of the key components in the products we have designed or are currently designing come from limited or single source suppliers.” · word for word

Continued net loss and adjusted EBITDA loss, though improving.

“GAAP net loss of $18 million; Adjusted EBITDA loss of $4 million.”

Sequential revenue decline of 22% due to one-time IP royalties in prior quarter; GAAP gross margin down 1700 bps sequentially.

“Total revenue of $62 million in the fourth quarter of 2025 included royalties of approximately $21 million, primarily one-time.” · word for word

Continued net losses; negative adjusted EBITDA; cash burn.

“GAAP net loss of $17 million; Adjusted EBITDA loss of $7 million.”

Tariff exposure on imported components

“We expect that the current uncertainty surrounding U.S. trade relationships may impact our future product costs and margins, particularly to the extent there are significant tariffs or trade restrictions imposed on goods imported from Thailand, Canada, Taiwan or China that are used in our products.” · word for word

Continued operating losses and negative cash flows

“We have experienced recurring losses from operations, and negative cash flows from operations, and we expect to continue operating at a loss and to have negative cash flows from operations for the foreseeable future.” · word for word

Single or limited source suppliers

“Some of the key components in the products we have designed or are currently designing come from limited or single source suppliers.” · word for word

Share Dilution Risk

“Future issuances of common stock or securities convertible into or exchangeable for common stock could have a dilutive effect on our earnings per share, book value per share and the voting power and interest of current stockholders.” · word for word

Single/limited source supplier dependency

“Some of the key components in the products we have designed or are currently designing come from limited or single source suppliers.” · word for word

Tariff exposure on imported goods

“We expect that the current uncertainty surrounding U.S. trade relationships may impact our future product costs and margins, particularly to the extent there are significant tariffs or trade restrictions imposed on goods imported from Thailand, Canada, China or Taiwan that are used in our products.” · word for word

Recurring losses and negative cash flows

“We have experienced recurring losses from operations, and negative cash flows from operations, and we expect to continue operating at a loss and to have negative cash flows from operations for the foreseeable future.” · word for word

Royalty revenue volatility and non-core nature

“We do not consider this revenue to be reflective of the core operations of our business. Further, we expect the revenue we recognize for such royalties in the future will vary considerably from period to period, and expect that the amounts recognized in the year ended December 31, 2025 will likely exceed amounts recognized in future annual periods.” · word for word

Royalty revenue ($21M in Q4) is primarily one-time; core product revenue growth is 36% YoY, which is strong but lower than total revenue growth.

“includes royalties of approximately $21 million, primarily one-time and related to long-term IP license contracts” · word for word

Integration risk and potential dilution from share consideration.

“1.8 million shares, of which 0.7 million will be released over a four-year period” · word for word

Tariff Cost Pressure

“The increase in cost of revenue was primarily attributable to higher product manufacturing, stock based compensation and tariff related costs.” · word for word

ASP Decline

“The increase in revenue was primarily driven by increased sensor volumes as customers increased their purchase levels compared to the prior year period, offset in part by lower ASPs.” · word for word

Accumulated Deficit

“As of September 30, 2025, we had an accumulated deficit of $977.4 million.” · word for word

Continued net losses and reliance on external funding.

“Net loss of $22 million” · word for word

Limited operating history and history of losses.

“risks related to Ouster’s limited operating history and history of losses” · word for word