Ouster Q4 2023 Earnings Report
Key Takeaways
Ouster announced record revenue for the fourth quarter of 2023, reaching over $24 million, a 10% sequential increase. The company shipped over 4,100 sensors, also a quarterly record. GAAP gross margins were 22%, and non-GAAP gross margins improved to 35%. The company's net loss was $39 million, and the adjusted EBITDA loss was $14 million.
Ouster achieved record quarterly revenue of over $24 million, up 10% sequentially.
Shipped over 4,100 sensors for revenue, marking a quarterly record.
GAAP gross margins reached 22%, while non-GAAP gross margins improved to 35%.
The company is focused on expanding software solutions, advancing digital lidar hardware, and progressing on its long-term financial framework.
Ouster
Ouster
Ouster Revenue by Segment
Forward Guidance
For the first quarter of 2024, Ouster expects to achieve $25 million to $26 million in revenue.
Positive Outlook
- Expand software solutions and grow the installed base
- Advance the development of digital lidar hardware
- Progress on the long-term financial framework
- Release additional subscription-based software solutions later this year that improve the ease of installation and provide additional statistics and analytics to customers.
- Integrate the Chronos chip into its solid-state digital flash (“DF”) sensors later this year.