Loading...
•
Jun 30, 2024
Ouster Q2 2024 Earnings Report
Reported strong revenue and margins.
Key Takeaways
Ouster reported revenue of $27 million, a GAAP gross margin of 34%, and a non-GAAP gross margin of 40% for Q2 2024. The company also repaid all outstanding balances under its revolving credit line.
Revenue reached $27 million, reflecting a 39% year-over-year increase and a 4% sequential increase.
Over 4,000 sensors were shipped for revenue.
GAAP gross margin was 34%, compared to 1% in the second quarter of 2023 and 29% in the first quarter of 2024.
Net loss was $24 million, compared to $123 million in the second quarter of 2023 and $24 million in the first quarter of 2024.
Forward Guidance
For the third quarter of 2024, Ouster expects to achieve $27 million to $29 million in revenue.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...