Ouster Announces Record Revenue for Fourth Quarter and Full Year 2023
Ouster, Inc. (OUST)
Company Research
Source: Business Wire
Record revenue of $83 million for the full year 2023Expects $25 to $26 million of revenue for the first quarter of 2024 SAN FRANCISCO--(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, 20231.Fourth Quarter 2023 HighlightsOver $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 margins2 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 EBITDA2 loss of $14 million, compared to a loss of $18 million in the third quarter of 2023.Full Year 2023 HighlightsOver $83 million in rev
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News
- Ouster, Inc. (OUST) Stock Falls Amid Market Uptick: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Ouster Announces Date for First Quarter 2024 Earnings CallBusiness Wire
- Global LiDAR Solution Industry Research 2024: Market to Reach $131.7 Billion Having Grown at a CAGR of 62.48% During 2020-2023 [Yahoo! Finance]Yahoo! Finance
- What Makes Ouster (OUST) a New Strong Buy Stock [Yahoo! Finance]Yahoo! Finance
- Ouster, Inc. (NYSE: OUST) had its "neutral" rating re-affirmed by analysts at Chardan Capital.MarketBeat
OUST
Sec Filings
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- 4/22/24 - Form 8-K
- OUST's page on the SEC website