Ouster Q2 revenue $27M (+39% YoY), GAAP gross margin 34%, net loss narrows to $24M

Ouster, Inc.

2024-Q2 EPS reported -$1.08 revenue$52,934,000

Revenue of $27M, up 39% YoY and 4% sequentially; shipped over 4,000 sensors.
GAAP gross margin improved to 34% (from 1% YoY); non-GAAP gross margin 40% (from 26%).
Net loss of $24M, compared to $123M in Q2 2023; adjusted EBITDA loss of $11M vs. $24M.
Cash and short-term investments of $186M; repaid all outstanding balance on revolving credit line post-quarter.
CEO cites expanding software-attached sales and commitment to long-term profitability framework.

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