Ouster Q3 2023 revenue >$22M beats guidance; gross margins expand sharply

Ouster, Inc.

2023-Q3 EPS reported -$9.39 revenue$58,835,000

Revenue over $22M, up 15% QoQ; bookings of $38M (book-to-bill 1.7x).
GAAP gross margin 14% (vs 1% Q2); non-GAAP gross margin 33% (vs 26% Q2).
Achieved over $120M in annualized cost savings, one quarter ahead of schedule.
Adjusted EBITDA loss improved to $18M from $24M Q2; net loss $35M vs $123M Q2.
Cash, restricted cash & short-term investments $202M; expects Q4 margin improvement.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Ouster, Inc. reported financial results for the three and nine months ended September 30, 2023.

Period: the three and nine months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 9, 2023, Ouster, Inc. (the “ Company ”) announced financial results for the three and nine months ended September 30, 2023.

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Ouster, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-274529

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