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Stock impact report

Ouster Announces Record Revenue and Margin for First Quarter 2024 [Yahoo! Finance]

Benchmark Electronics, Inc. (BHE) 
Last benchmark electronics, inc. earnings: 4/29 04:07 pm Check Earnings Report
US:NYSE Investor Relations: bench.com/investors/investor-faq
Company Research Source: Yahoo! Finance
SAN FRANCISCO, May 09, 2024 BUSINESS WIRE Ouster, Inc. (NYSE: OUST) ("Ouster" or the "Company"), a leading global provider of high-performance lidar sensors and software solutions for the automotive, industrial, robotics, and smart infrastructure industries, announced today financial results for the three months ended March 31, 2024 First Quarter 2024 Highlights $26 million in revenue, up 51% year over year and 6% sequentially. Shipped approximately 4,500 sensors for revenue. GAAP gross margin of 29%, compared to (2%) in the first quarter of 2023 and 22% in the fourth quarter of 2023. Non-GAAP gross margin of 36%, compared to 25% in the first quarter of 2023 and 35% in the fourth quarter of 2023. Net loss of $24 million, compared to $177 million in the first quarter of 2023 and $39 million in the fourth quarter of 2023. Adjusted EBITDA loss of $12 million, compared to $27 million in the first quarter of 2023 and $14 million in the fourth quarter of 2023. Cash, cash eq Show less Read more
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