Ouster Reports Strong Revenue and Margins for Second Quarter 2024
Ouster, Inc. (OUST)
Company Research
Source: Business Wire
Revenue of $27 million, GAAP gross margin of 34%, and non-GAAP gross margin of 40%Repaid all outstanding balance under revolving credit line, strengthening balance sheetOn-track to deliver on long-term financial framework and reach profitability 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 second quarter ended June 30, 2024.Second Quarter 2024 Highlights$27 million in revenue, up 39% year over year and 4% sequentially.Shipped over 4,000 sensors for revenue.GAAP gross margin of 34%, compared to 1% in the second quarter of 2023 and 29% in the first quarter of 2024.Non-GAAP gross margin1 of 40%, compared to 26% in the second quarter of 2023 and 36% in the first quarter of 2024.Net loss of $24 million, compared to $123 million in the second qua
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News
- Ouster, Inc. (OUST) Laps the Stock Market: Here's Why [Yahoo! Finance]Yahoo! Finance
- Ouster Announces Date for Third Quarter 2024 Earnings CallBusiness Wire
- Ouster, Inc. (NYSE: OUST) had its "neutral" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $12.00 price target on the stock.MarketBeat
- Ouster: How LIDAR Technology Could Be The Heavy-Duty Detergent Of The 21st Century [Seeking Alpha]Seeking Alpha
- United States Lidar Sensors Market Competition, Forecast & Opportunities, 2019-2023 & 2024-2029: Miniaturization and Form Factor Innovations & Integration of Lidar with Other Sensing Technologies [Yahoo! Finance]Yahoo! Finance
OUST
Sec Filings
- 11/5/24 - Form 8-K
- 11/4/24 - Form SC
- 11/4/24 - Form SC
- OUST's page on the SEC website