Financial Data and Key Metrics Changes - Ouster reported revenues of $27 million for Q2 2024, a 39% increase compared to Q2 2023 and a 4% increase over Q1 2024 [13] - GAAP gross margin increased to 34%, a significant improvement from negative 2% in Q1 2023, nearing the long-term target range of 35% to 40% [13][14] - Non-GAAP gross margin improved to 40% in Q2 2024, benefiting from a favorable product mix and lower manufacturing costs [14] Business Line Data and Key Metrics Changes - The Smart Infrastructure vertical was the largest contributor to revenue, comprising roughly one-third of total revenues, followed closely by robotics [13] - Software attached sales were highlighted as a key growth area, with significant deals secured in the second quarter [10][11] Market Data and Key Metrics Changes - Ouster experienced strength in its robotics vertical, securing and expanding relationships with key players like Serve Robotics [6][7] - The company noted that while some customer schedules have been pushed back, there is still a positive outlook for growth across various verticals [9][25] Company Strategy and Development Direction - Ouster's strategic priorities for 2024 include expanding software sales and growing the installed base, with a focus on software solutions like Ouster Gemini [10][11] - The company is advancing its digital lidar hardware roadmap, with the integration of new custom silicon chips expected to enhance performance and reliability [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth potential, despite some near-term schedule changes from customers [9][25] - The company remains committed to its long-term financial framework, targeting 30% to 50% annual growth on the path to profitability [27] Other Important Information - Ouster's balance sheet is described as industry-leading, with $186 million in cash and equivalents as of June 30, 2024 [16] - The company fully repaid its revolving credit line, further strengthening its financial position [16] Q&A Session Summary Question: Inquiry about gross margin improvements - Management highlighted that gross margin improvements were driven by increased product volumes, cost reductions, and a favorable product mix [19][20] Question: Software strategy and long-term updates - Management confirmed that the software strategy is yielding results, with a record quarter for software attached sales and ongoing customer expansions [21][22] Question: Customer contracts and market pushouts - Management clarified that they have non-cancellable contracts with customers and emphasized a positive outlook across all verticals despite some delays [24][25] Question: Visibility into software-driven sales in smart infrastructure - Management indicated that a significant portion of future sales in the smart infrastructure vertical is expected to be software attached, with ongoing product enhancements [36][38] Question: Decision to pay down debt - Management explained that the decision to pay down debt was based on strong cash flow and improved working capital metrics, enhancing the company's financial resilience [43]

August 13, 2024 Second Quarter 2024 Earnings Update OUST LISTED NYSE Second Quarter 2024 Earnings Update August 13, 2024 Disclaimers Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Ouster intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securitie ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ FORM 10-Q _______________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39463 _______________________ Ouster, Inc. (Exact name of registrant as specifie ...

Exhibit 99.1 Ouster Reports Strong Revenue and Margins for Second Quarter 2024 Revenue of $27 million, GAAP gross margin of 34%, and non-GAAP gross margin of 40% Repaid all outstanding balance under revolving credit line, strengthening balance sheet On-track to deliver on long-term financial framework and reach profitability SAN FRANCISCO, CA – Ouster, Inc. (NYSE: OUST) ("Ouster" or the "Company"), a leading global provider of high-performance lidar sensors and software solutions for the automotive, industr ...

In the latest market close, Ouster, Inc. (OUST) reached $10.98, with a -1.17% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.04%. Elsewhere, the Dow saw an upswing of 0.76%, while the tech-heavy Nasdaq appreciated by 1.03%. Coming into today, shares of the company had gained 6.11% in the past month. In that same time, the Computer and Technology sector lost 13.91%, while the S&P 500 lost 6.74%. The investment community will be closely monitoring the ...

Ouster, Inc. (OUST) ended the recent trading session at $14.04, demonstrating a -1.89% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.71% for the day. Elsewhere, the Dow saw a downswing of 0.93%, while the tech-heavy Nasdaq depreciated by 0.81%. Investors will be eagerly watching for the performance of Ouster, Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 13, 2024. Investors should also ...

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Ouster, Inc. is currently sporting a Zacks Rank of #2 (Buy). To break things down more, Ouster, Inc. belongs to the Electronics - Miscellaneous Components industry, a group that includes 30 individual companies and currently sits at #186 in the Zacks Industry Rank. On average, stocks i ...

Prior to today's trading, shares of the company had lost 9.24% over the past month. This has lagged the Computer and Technology sector's gain of 6.77% and the S&P 500's gain of 3.15% in that time. OUST's full-year Zacks Consensus Estimates are calling for earnings of -$2.34 per share and revenue of $92.2 million. These results would represent year-over-year changes of +62.26% and +10.71%, respectively. Empirical research indicates that these revisions in estimates have a direct correlation with impending st ...

Shares of Southwest Airlines rose 9% on Monday and headed toward their largest single-day gain in nearly four years, after activist firm Elliott Investment Management announced a nearly $2 billion stake in the company and called to oust the airline's chief executive and board chair. Southwest shares rose to $30.25 Monday morning, on track for the company's largest single-day jump since November 2020. Savanthi Syth, an analyst for the investment bank Raymond James, said it is "unclear if a management change ...

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Ouster, Inc. (OUST) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Ouster, Inc. is a member of our Computer and Technology group, which includes 618 different companies and currently sits at # ...