• 2022年第二季度收入1150万美元，交付账单为1250万美

加州圣何塞，2022年8月12日 – 激光雷达公司Velodyne Lidar（NASDAQ: VLDR, VLDRW）公布了截至2022年6月30日第二季度的财务报告。

Velodyne Lidar首席执行官Ted Tewksbury博士表示：“今年第二季度，我们在工业与机器人、智能基础设施及自动驾驶这三大目标市场均看到强劲的客户需求。凭借Velodyne运营团队的出色执行力，我们在面临供应链持续紧张的冲击下，成功实现了连续收入增长。”

Tewksbury博士提到：“我们始终专注于为客户提供智能视觉解决方案，致力于将激光雷达扩展为可盈利的增长型业务，并为股东带来投资回报。随着公司增长战略的确立，我们在有序推进的过程中采用多项举措，以达到提升毛利率和降低成本的目标。为保证公司的收支结构与未来4-6个季度的收入预期保持一致，这些措施是必要的。与此同时，我们也在选择性投资相应的战略产品，为实现长期增长目标保驾护航。”

2022年第二季度财务表现总结

• 本季度总收入约为1150万美元，包含约100万美元的亚马逊认股权证价值。上一季度的总收入为620万美元，包含530万美元的亚马逊认股权证价值。
• 产品总收入为970万美元。相比之下，2022年第一季度为440万美元，其中包括530万美元亚马逊认股权证价值。
• 许可证与服务收入为190万美元（2022年第一季度为180万美元）。
• 交付账单为1250万美元（2022年第一季度为1150万美元）。交付账单金额持续受到供应链紧张的影响，而价格上涨则部分缓解了由供应链问题导致的损失。
• GAAP毛损为710万美元（2022年第一季度为930万美元）。2022年第二季度毛损主要来自一条产品线中断而损失的220万美元。
• 非GAAP毛损为420万美元（2022年第一季度为880万美元）。
• GAAP营业支出为3750万美元（2022年第一季度为3960万美元）。
• 非GAAP营业支出为3180万美元（2022年第一季度为3510万美元）。金额减少的部分原因是本季度开始实施的成本控制策略。
• GAAP净损为4430万美元，即每股0. 22美元。相比之下，2022年第一季度为4910万美元，即每股0.25美元。
• 非GAAP净损为3570万美元，即每股0.18美元。相比之下，2022年第一季度为4400万美元，即每股0.22美元。
• 截至2022年6月30日，公司总计现金与短期投资为2.292亿美元；截至2022年3月31日，这一数据为2.564亿美元。

A reconciliation between historical GAAP and non-GAAP information is provided in the tables below.

2022年第三季度展望

Tewksbury博士说：“第三季度，我们将迎来强劲的业务需求。然而，供应链紧张依然是我们面临的挑战。由于这些持续存在的外部因素，我们预计第三季度的交付账单金额将保持在1000万至1200万美元，收入为800万至1100万美元。其中差额来源于亚马逊认股权证相关的100万至200万美元非现金对冲收入。”

近期重要企业动态

• 全球领先的工程与机器人设计公司波士顿动力（Boston Dynamics）选择采用Velodyne激光雷达传感器，以增强并扩展其自动化、灵活移动机器人的能力。
• 芬兰赫尔辛基市选择部署Velodyne智能基础设施解决方案，以提升道路交通安全。
• 凭借在地图测绘技术领域的卓越表现，Velodyne智能基础设施解决方案（IIS）荣获GeoBuiz峰会测绘技术创新奖。
• Andy Mattes入选董事会。此前，他曾任激光仪器生产商科希伦（Coherent, Inc.）首席执行官与跨国金融与零售技术公司迪堡太平洋（Diebold Nixdorf）首席执行官。
• Mark Weinswig被任命为首席财务官，进一步增强团队领导力。

Billings Metric

The second quarter of 2022 includes the accounting for the warrants associated with the Amazon agreement that was announced on February 4, 2022. The primary impact for the accounting of the Amazon warrants is that reported revenues will diverge from cash flow.

As a result, Velodyne is expanding the financial information it will report to provide more perspective on the company’s underlying business performance by including a billings metric. Billings represents the dollar value of products and services provided during the current period and invoiced to the customer.  Management uses this metric to track commercial growth, establish performance targets, and make budgeting and operating decisions.  Billings does not include the effect of the contra revenue associated with the Amazon warrants.

Non-GAAP Financial Measures

In addition to our results determined in accordance with generally accepted accounting principles in the United States (GAAP), we believe the non‑GAAP measures of non-GAAP gross profit (loss), non-GAAP gross margin, non-GAAP operating expenses, non‑GAAP operating loss, non-GAAP net loss, and non‑GAAP net loss per share are useful in evaluating our operating performance.  Certain of these non-GAAP measures exclude a discontinued product line, stock-based compensation and related employer payroll taxes, litigation settlements and amortization of acquisition-related intangibles assets. We believe that non‑GAAP financial information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance and assists in comparisons with other companies, some of which use similar non‑GAAP information to supplement their GAAP results. The non‑GAAP financial information is presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly‑titled non‑GAAP measures used by other companies. Reconciliation tables of the most comparable GAAP financial measures to the non-GAAP financial measures are used in this press release.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook and market positioning. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected, including: the impact on our operations and financial condition from the effects of the current COVID-19 pandemic both on Velodyne’s business and those of its customers and suppliers; supply chain issues in the semiconductor market; Velodyne’s ability to execute its business plan; the timing of revenue from existing customers, including uncertainties related to the ability of Velodyne’s customers to commercialize their products and the ultimate market acceptance of these products; uncertainties related to Velodyne Lidar’s estimates of the size of the markets for its products and future revenue opportunities, including projects that are not yet signed or awarded; charges related to the vesting of the Amazon Warrant; the rate and degree of market acceptance of Velodyne Lidar’s products in a variety of industries; the success of other competing lidar and sensor-related products and services that exist or may become available; rising costs adversely affecting Velodyne’s profitability; uncertainties related to Velodyne Lidar’s current litigation and potential litigation involving Velodyne Lidar or the validity or enforceability of Velodyne Lidar’s intellectual property; Velodyne Lidar’s ability to partner with and rely on third party manufacturers; general economic and market conditions impacting demand for Velodyne Lidar’s products and services; and changes in applicable laws or regulations.

Given these factors, as well as other variables that may affect Velodyne Lidar’s operating results, you should not rely on forward-looking statements, assume that past financial performance will be a reliable indicator of future performance, or use historical trends to anticipate results or trends in future periods. The forward-looking statements included in this press release relate only to events as of the date hereof. Velodyne Lidar undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

关于Velodyne Lidar, Inc.

Velodyne Lidar（Nasdaq: VLDR, VLDRW）通过实时环绕视图激光雷达传感器的发明，开创了自动驾驶技术的新纪元。Velodyne是激光雷达的全球领先企业，并以其突破性的激光雷达技术的广泛组合而享有盛誉。Velodyne革命性的传感器和软件解决方案提供灵活性、高质量和可靠性能，可满足各行各业的需求，包括机器人、工业、智能基础设施、自动驾驶汽车及高级驾驶辅助系统（ADAS）。通过不断创新，Velodyne致力于通过促进所有人的安全出行来改变生活和社区。 欲了解更多详情，敬请访问www.velodynelidar.com.

媒体联络:

万卓睿桥公关

周冉 / Joyce Zhou

电话：+86 186-1293-837

邮箱：[email protected]

周晓雅 / Stephanie Zhou

电话：+86 150-0108-9665

邮箱：[email protected]

VELODYNE LIDAR, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

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VELODYNE LIDAR, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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VELODYNE LIDAR, INC. AND SUBSIDIARIES

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

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