Business
Ouster Announces Strong Operating Results for First Quarter 2025
Revenue of $33 million and GAAP gross margin of 41% SAN FRANCISCO--(BUSINESS WIRE)-- Ouster, Inc. (Nasdaq: OUST) (“Ouster” or the “Company”), a global leader
About this update from Ouster, Inc.
[{"type":"text","content":"\nRevenue of $33 million and GAAP gross margin of 41%\n\n SAN FRANCISCO--(BUSINESS WIRE)--\nOuster, Inc. (Nasdaq: OUST) (“Ouster” or the “Company”), a global leader in high-performance lidar sensors and intelligent software solutions, powering Physical AI across the automotive, industrial, robotics and smart infrastructure sectors, announced today financial results for the three months ended March 31, 2025.\n\nFirst Quarter 2025 Highlights\n\n\n$33 million in revenue, up 26% year over year and 8% sequentially.\n\n\nShipped approximately 4,700 sensors for revenue.\n\n\nGAAP gross margin of 41%, compared to 29% in the first quarter of 2024 and 44% in the fourth quarter of 2024.\n\n\nNon-GAAP gross margin1 of 46%, compared to 36% in the first quarter of 2024 and 44% in the fourth quarter of 2024.\n\n\nNet loss of $22 million, compared to $24 million in the first quarter of 2024 and $24 million in the fourth quarter of 2024.\n\n\nAdjusted EBITDA1 loss of $8 million, compared to a loss of $12 million in the first quarter of 2024 and a loss of $10 million in the fourth quarter of 2024.\n\n\nCash, cash equivalents, restricted cash, and short-term investments balance of $171 million as of March 31, 2025.\n\n\n“Our strong first quarter results demonstrate continued operational execution. We generated revenue of $33 million and gross margin of 41%, winning multimillion dollar deals across all four of our verticals. The thousands of sensors shipped each quarter and growing installed base of connected software solutions underscore our customers’ confidence in both our product performance and long-term roadmap.” said Ouster CEO Angus Pacala. “As a Physical AI company, Ouster offers advanced perception solutions powered by digital lidar combined with AI software to empower machines to perceive, understand, and interact with the physical world in real time.”\n\nOuster delivered quarterly revenue of $33 million, which includes revenue for certain patent royalty of approximately $2 million. Demand in the first quarter was primarily driven by customers in the industrial and automotive verticals for use cases in warehouse automation, yard logistics, and robotaxis. GAAP gross margin increased to 41%, an improvement of approximately 1,200 basis points year over year, resulting from higher revenues, favorable product mix, and the patent royalty. Non-...