secwatch.observer — SEC 8-K summary
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Issuer:     Ouster, Inc. (OUST)
CIK:        0001816581
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001193125-24-199785
Event type: earnings
Sentiment:  positive
Materiality: 0.72
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816581/000119312524199785/0001193125-24-199785-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816581/000119312524199785/d881188d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-199785

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer