Overview
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term purchasing requirements, mutually agreed upon pricing over the duration of the agreement, and, in certain cases, include multi-year binding purchase commitments.
Merger Agreement with Colonnade Acquisition Corp. and Beam Merger Sub, Inc.
Sense Acquisition
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COVID-19 Impact
Factors Affecting Our Performance
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Components of Results of Operations
Revenue
Cost of Revenue
Gross Profit and Gross Margin
Operating Expenses
Research and Development Expenses
Research and development (“R&D”) activities are primarily conducted at our San Francisco based headquarters and our additional R&D facility in Edinburgh, Scotland and consist of the following activities:
•Design, prototyping, and testing of proprietary electrical, optical, and mechanical subsystems for our digital lidar products;
•Robust testing for industrial and autonomous vehicle safety certifications;
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•Custom system-on-a-chip (“SoC”) design for Ouster’s digital lidar products; and
•Development of custom manufacturing equipment.
R&D expenses consist of personnel-related expenses, including salaries, benefits, and stock-based compensation, for all personnel directly involved in R&D activities, third-party engineering and contractor costs, and prototype expenses.
Sales and Marketing Expenses
General and Administrative Expenses
Stock-Based Compensation
Interest Income, Interest Expense, and Other Income (Expense), Net
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Results of Operations:
The following table sets forth our condensed consolidated results of operations data for the periods presented:
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(1)Includes stock-based compensation expense as follows:
6,154 $ 16,869 $ 11,410
Comparison of the three months ended June 30, 2022 and 2021
States
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Cost of Product Revenue and Gross Margin
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Interest Income, Interest Expense and Other Income (Expense), Net
The increase in interest income was primarily related to an increase in our cash and cash equivalent balances.
Income Taxes
Comparison of the Six Months Ended June 30, 2022 and 2021
States
Cost of Product Revenue and Gross Margin
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General and Administrative
Interest Income, Interest Expense and Other Income (Expense), Net
Income Taxes
Liquidity and Capital Resources
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Debt Arrangements
For additional information regarding the terms of the Loan Agreement, see Note 5, Debt.
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