Ouster Reports Record Performance for Third Quarter 2024
Ouster, Inc. (OUST)
Company Research
Source: Business Wire
Record revenue of $28 million, GAAP gross margin of 38%, and non-GAAP gross margin of 45% SAN FRANCISCO--(BUSINESS WIRE)--Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading global provider of high-performance lidar sensors and software solutions for the automotive, industrial, robotics, and smart infrastructure industries, announced today financial results for the third quarter ended September 30, 2024.Third Quarter 2024 Highlights$28 million in revenue, up 26% year over year and 4% sequentially.Shipped over 3,900 sensors for revenue.GAAP gross margin of 38%, compared to 14% in the third quarter of 2023 and 34% in the second quarter of 2024.Non-GAAP gross margin1 of 45%, compared to 33% in the third quarter of 2023 and 40% in the second quarter of 2024.Net loss of $26 million, compared to $35 million in the third quarter of 2023 and $24 million in the second quarter of 2024.Adjusted EBITDA1 loss of $10 million, compared to $18 million in the third quarter of 2023 and
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News
- All You Need to Know About Ouster (OUST) Rating Upgrade to Buy [Yahoo! Finance]Yahoo! Finance
- Ouster, Inc. (NYSE: OUST) was upgraded by analysts at Cantor Fitzgerald from a "neutral" rating to an "overweight" rating. They now have a $10.00 price target on the stock, down previously from $12.00.MarketBeat
- Ouster, Inc. (NYSE: OUST) had its "buy" rating re-affirmed by analysts at Rosenblatt Securities. They now have a $17.00 price target on the stock.MarketBeat
- Ouster Inc (OUST) Q3 2024 Earnings Call Highlights: Record Revenue and Gross Margins Amid ... [Yahoo! Finance]Yahoo! Finance
- Earnings To Watch: Ouster Inc (OUST) Reports Q3 2024 Result [Yahoo! Finance]Yahoo! Finance
OUST
Sec Filings
- 11/22/24 - Form 4
- 11/21/24 - Form 144
- 11/20/24 - Form 144
- OUST's page on the SEC website