Ouster(US:OUST)2022-11-08 21:34Financial Performance & Guidance - Q3 2022 revenue was $9.6 million[12] - Q3 2022 billings were $12.5 million, excluding a $2.8 million non-cash contra revenue impact[12, 29] - Revenue guidance for Q4 2022 is $12 million to $14 million[29] - Billings guidance for Q4 2022 is $13 million to $15 million[29] Market Opportunity & Strategy - The total addressable market is estimated to be approximately $6.4 billion by 2027[10, 14] - The industry expects a 22%+ CAGR across all verticals by 2027[10] - The company is focusing on capturing early autonomous markets first[15] Business Updates - Operating expenses were reduced by 16% compared to Q2 2022[12] - The company announced a proposed Merger of Equals with Ouster[12] Products & Technology - The company has 84 granted and 289 pending patents[12] - The company shipped over 75,000 sensors to date[10, 39]