Ouster Q4 2024 Earnings Report
Key Takeaways
Ouster achieved $30.09 million in revenue for Q4 2024, marking a 23% year-over-year increase. The company shipped over 4,800 sensors and reported a GAAP gross margin of 44%, significantly higher than the prior year. Net loss narrowed to $23.74 million, driven by higher revenue, favorable product mix, and lower legacy inventory costs.
Revenue reached $30.09 million, up 23% year-over-year.
Shipped over 4,800 sensors for revenue in the quarter.
GAAP gross margin improved to 44%.
Net loss reduced to $23.74 million compared to $38.99 million last year.
Ouster
Ouster
Ouster Revenue by Segment
Forward Guidance
Ouster expects Q1 2025 revenue between $30 million and $32 million, with a continued focus on expanding its product portfolio and driving adoption in robotics, automotive, and smart infrastructure markets.
Positive Outlook
- Revenue guidance of $30M to $32M for Q1 2025.
- Continued growth in robotics and automotive verticals.
- Product portfolio expansion planned for 2025.
- Enhanced demand from global industry leaders.
- Strong financial position with $175M in cash and investments at year-end.
Challenges Ahead
- Volatile and evolving macroeconomic environment.
- Ongoing R&D investments impacting short-term profitability.
- Potential fluctuations in customer purchasing cycles.
- Dependency on key suppliers for manufacturing scalability.
- Competitive pressures in the lidar sensor market.