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. (OUST) delivers cutting-edge lidar sensor technology powering autonomous vehicles, robotics, and smart infrastructure systems worldwide. This dedicated news hub provides investors and industry professionals with direct access to the company's official announcements and market developments.
Track critical updates including quarterly earnings, product innovations, and strategic partnerships that shape Ouster's position in the sensor technology landscape. Our curated feed ensures timely access to verified information about lidar advancements, industrial automation applications, and global expansion initiatives.
Discover comprehensive coverage of Ouster's technical milestones across automotive safety systems, drone navigation solutions, and smart city infrastructure projects. The repository maintains neutral, factual reporting on operational developments while excluding speculative analysis.
Bookmark this page for streamlined monitoring of OUST's progress in developing high-resolution digital lidar sensors and vision software critical to next-generation automation technologies.
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.
FAQ
What is the current stock price of Ouster (OUST)?
What is the market cap of Ouster (OUST)?
