"Ouster shipped 7,200 sensors in Q3, the highest quarterly volume in company history. Revenue came in at $39.5M, beating the $37.81M consensus by $1.69M. The loss per share was $0.37, narrowly better than the estimated $0.38. On the surface, it's a solid quarter. The real story, though, is what the numbers reveal about demand and execution. Revenue climbed 41% year over year."
"Gross margin expanded to 42%, up 400 basis points from 38% a year earlier. That's meaningful progress on cost structure. The net loss improved by $4M year over year to $21.7M, a sign that operational discipline is taking hold. I liked the margin trajectory here. It shows the company is moving in the right direction on unit economics. The catch: gross margin fell from 45% last quarter to 42% this quarter. Operating losses still sit at $24.3M. Revenue growth hasn't yet overcome the fixed cost base."
Ouster shipped a record 7,200 sensors in Q3 and reported $39.5M revenue, beating the $37.81M consensus by $1.69M and a $0.37 loss per share versus $0.38 expected. Revenue rose 41% year over year, driven by smart infrastructure, robotics, and industrial demand. Gross margin expanded to 42% (up 400 basis points year over year) while net loss improved by $4M to $21.7M; operating losses remained $24.3M. Sequential gross margin compressed from 45% to 42%. Guidance for Q4 revenue of $39.5M–$42.5M implies flat to 7.6% sequential growth. Investors reacted with a 12.74% stock decline to $27.68.
Read at 24/7 Wall St.
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