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Sep 30, 2024
Ouster Q3 2024 Earnings Report
Ouster reported record revenue, GAAP gross margin, and non-GAAP gross margin for the third quarter of 2024.
Key Takeaways
Ouster achieved record performance in Q3 2024, with revenue reaching $28 million, a GAAP gross margin of 38%, and a non-GAAP gross margin of 45%. The company focused on expanding its software installed base and achieved its highest level of software-attached sales to date.
Revenue reached $28 million, up 26% year-over-year and 4% sequentially.
Over 3,900 sensors were shipped for revenue.
GAAP gross margin was 38%, compared to 14% in Q3 2023.
Non-GAAP gross margin was 45%, compared to 33% in Q3 2023.
Ouster
Ouster
Forward Guidance
For the fourth quarter of 2024, Ouster expects to achieve $29 million to $31 million in revenue.