Ouster, Inc. (NYSE:OUST) Q1 2023 Earnings Conference Call May 11, 2023 5:00 PM ET

Company Participants

Sarah Ewing - Director, Investor Relations

Angus Pacala - Chief Executive Officer

Mark Weinswig - Chief Financial Officer

Conference Call Participants

Kevin Cassidy - Rosenblatt

Tristan Gerra - Baird

Brian Dobson - Chardan Capital Markets

Kevin Garrigan - WestPark Capital

Richard Shannon - Craig-Hallum Capital Group

Itay Michaeli - Citi

Andres Sheppard - Cantor Fitzgerald

Operator

Good afternoon and welcome everyone to Ouster’s First Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After today's presentation and remarks, there will be an opportunity to ask questions. [Operator Instructions] The call today call is being recorded and a replay of the call will be available on the Ouster Investor Relations website an hour after the completion of this call.

I’d now like to turn the conference over to Sarah Ewing, Director of Investor Relations. Please go ahead.

Sarah Ewing

Thank you and good afternoon, everyone. Thank you for joining us for our 2023 first quarter earnings call. I am joined today by Ouster’s Chief Executive Officer, Angus Pacala; and Chief Financial Officer, Mark Weinswig.

Before we begin the prepared remarks, we would like to remind you that earlier today Ouster issued a press release announcing its first quarter 2023 results. The company also published an investor presentation, which is available on the Investor Relations section of ouster.com.

I’d also like to remind everyone that during the course of this conference call, Ouster’s management will discuss certain forward-looking information regarding the company, including forecasts, targets, statements from its press release, potential future customer orders, and shipments, near and long-term revenue opportunities, strategic customer agreements, market share trends, anticipated synergies from the company’s merger with Velodyne, ability to recognize the benefits of cost savings initiatives, future products, anticipated benefits and applications of new product releases, technological advancements and commercial paths, potential future market opportunities, customer traction and the company’s business outlook and first quarter 2023 financial guidance and trajectory are forward-looking statements that are intended to be covered by the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 for forward-looking statements.

There is no guarantee that such plans, estimates, and expectations will be achieved. Thus, while these statements represent management’s expected future results, and performance, Ouster’s actual results are subject to several risks and uncertainties that may cause actual results to differ materially from current expectations that we may share with you today.