Welcome to our dedicated page for Ouster news (Ticker: OUST), a resource for investors and traders seeking the latest updates and insights on Ouster stock.
Ouster, Inc. reports developments in sensing and perception for Physical AI across industrial, robotics, automotive, and smart infrastructure markets. Its news commonly covers digital lidar sensors, camera vision products, AI compute, sensor fusion and perception software, and customer deployments for automation, robotics and traffic infrastructure.
Recurring updates include the Rev8 OS digital lidar family powered by L4 Ouster Silicon, native color lidar capabilities, NVIDIA Jetson ecosystem integrations, Ouster BlueCity traffic-management deployments, and Stereolabs camera products such as the ZED X Nano. Company announcements also address quarterly results, product revenue trends, lidar and camera shipments, commercial leadership, partnerships and completed acquisition integration.
Ouster (NYSE: OUST) reported strong Q2 2024 results with revenue of $27 million, up 39% year-over-year and 4% sequentially. The company achieved a GAAP gross margin of 34% and a non-GAAP gross margin of 40%. Ouster shipped over 4,000 sensors and saw significant growth in software-attached sales. The net loss was $24 million, with an Adjusted EBITDA loss of $11 million.
Key highlights include:
- Cash balance of $186 million as of June 30, 2024
- Repayment of all outstanding balance on revolving credit line
- Secured deals for Ouster Gemini software solution
- Taped out automotive-grade custom silicon 'Chronos' chip
Ouster, Inc. (NYSE: OUST), a leading provider of high-performance lidar sensors, has announced its upcoming second quarter 2024 earnings call. The company will report its financial results for Q2 2024 on August 13, 2024, after market close. A conference call is scheduled for 5:00 p.m. ET on the same day to discuss the results.
Interested parties can register for the call via a provided website link. The call will also be available as a live webcast and later as a replay on Ouster's investor website. A telephone replay will be accessible until August 27, 2024. Ouster, headquartered in San Francisco, offers lidar sensors and software solutions for various industries, including automotive, industrial, robotics, and smart infrastructure.
Ouster, Inc. (NYSE: OUST) reported record revenue of $26 million, up 51% year over year, with a GAAP gross margin of 29% and a non-GAAP gross margin of 36%. The company's net loss decreased significantly compared to the previous year. Ouster aims to achieve profitability in 2024 through revenue growth, expanding software solutions, advancing digital lidar hardware, and improving the long-term financial framework.
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