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Technology Stocks : Ouster (OUST)

OUST 33.36

+3.2%

Oct 31 9:30 AM EST

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From: Sam	3/27/2024 9:59:50 AM
	of 244

Ouster Continues To Separate From The Pack Mar. 27, 2024 5:51 AM ET Ouster, Inc. (OUST) Stock 1 Comment Robert Dydo Summary Ouster achieves the highest quarterly revenue in its history at $24.4M and records 103% growth for the year. The merger with Velodyne exceeded operating savings, setting a potential operating cash run rate of $96M for 2024. OUST distinguishes itself from other LiDAR companies by minimizing the sale of equity and the growth of revenues. Ouster (NYSE: OUST) has finally released its long-awaited Q4 results, achieving the highest quarterly revenue in its history at $24.4M and closing the year with record revenue of $83.3M, the highest among Western companies. This marks a remarkable 103% growth. The merger with Velodyne yielded exceptional results, surpassing operating expectations by an additional 40% saved from the goals set out at the beginning of the consolidation process. The company's operating cash flow hit a quarterly low of $24.2M spent, potentially setting a run rate of $96M or better for 2024. The company has reaffirmed its 30% to 50% revenue growth expectations, with a gross margin projected to be around 35% to 40% for the year. continues at seekingalpha.com

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