Ouster Q3 2024: record revenue $28M, GAAP gross margin 38%, net loss narrows

Ouster, Inc.

2024-Q3 EPS reported -$1.62 revenue$81,009,000

Revenue $28M, +26% YoY, +4% sequentially; shipped >3,900 sensors.
GAAP gross margin 38% (vs 14% Q3'23); non-GAAP 45% (vs 33% Q3'23).
Net loss $26M (improved from $35M in Q3'23); Adj. EBITDA loss $10M (from $18M).
Repaid all revolving credit line balances; cash & equivalents $154M.
CEO cites record levels across revenue, gross margin, adjusted EBITDA; robotics and smart infra wins.

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