Ouster Announces Record Revenue for Fourth Quarter and Full Year 2023 [Yahoo! Finance]
Benchmark Electronics, Inc. (BHE)
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Source: Yahoo! Finance
SAN FRANCISCO, March 26, 2024 BUSINESS WIRE Ouster, Inc. (NYSE: OUST) ("Ouster" or the "Company"), a leading provider of high-performance lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries, announced today financial results for the three and twelve months ended December 31, 2023 Fourth Quarter 2023 Highlights Over $24 million in revenue, up 10% sequentially and a quarterly record. Shipped over 4,100 sensors for revenue, up over 20% sequentially and a quarterly record. GAAP gross margins of 22%, compared to 14% in the third quarter of 2023. Non-GAAP gross margins of 35%, compared to 33% in the third quarter of 2023. Net loss of $39 million, compared to $35 million in the third quarter of 2023. Adjusted EBITDA loss of $14 million, compared to a loss of $18 million in the third quarter of 2023. Full Year 2023 Highlights Over $83 million in revenue, up 103% year over year and an annual record. Booked $142 million in business wi
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