Ouster Q1 2024 revenue $26M (+51% YoY); record non-GAAP gross margin 36%

Ouster, Inc.

2024-Q1 EPS reported -$0.55 revenue$25,944,000

Revenue of $26M, up 51% YoY and 6% sequentially; ~4,500 sensors shipped.
GAAP gross margin 29% (vs -2% YoY); non-GAAP gross margin record 36% (vs 25% YoY).
Net loss narrowed to $24M from $177M YoY; Adjusted EBITDA loss $12M vs $27M YoY.
Cash, equivalents, restricted cash, and short-term investments total $189M.
Growth driven by large orders in robotics and automotive (warehouse robotics, mapping, AV).

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 0.95

Ouster, Inc. reported the three months ended March 31, 2024 results: revenue $26 million, net income Net loss of $24 million.

Period: the three months ended March 31, 2024
Revenue: $26 million
Net income: Net loss of $24 million
Result: reported results

Exact text from the filing

by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Ouster Announces Record Revenue and Margin for First Quarter 2024 Record revenue of $26 million, up 51% year over year GAAP gross margin of 29% and record non-GAAP gross margin of 36% SAN FRANCISCO, CA – May 9, 2024 at 4:15 PM ET – Ouster, Inc. (NYSE: OUST) (“Ouster” or the

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Source: SEC EDGAR

accession 0001193125-24-135301

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