Financial Performance - The company reported Q1 2025 revenue of $33 million[9], a 26% increase compared to Q1 2024[24] - GAAP gross margin was 41% in Q1 2025[9, 24], up from 29% in Q1 2024[24, 30] - Non-GAAP gross margin was 46% in Q1 2025[24, 30], compared to 36% in Q1 2024[24, 30] - The company shipped over 4,700 sensors in Q1 2025[24], a 6% increase compared to Q1 2024[24] - The company's cash and equivalents stand at $171 million with no debt[9] Strategic Priorities - The company aims to capture the $19 billion smart infrastructure market opportunity[15] - The company is focused on scaling the software attached business[14] - The company is working to transform the product portfolio with new hardware and software[14, 19] - The company is executing towards profitability, aiming for 30-50% annual revenue growth and maintaining a gross margin of 35-40%[14, 21] Q2 2025 Guidance - The company expects revenue between $32 million and $35 million for Q2 2025[26]

In the latest trading session, Ouster, Inc. (OUST) closed at $7.72, marking a -0.26% move from the previous day. This move lagged the S&P 500's daily gain of 0.58%. Elsewhere, the Dow gained 0.75%, while the tech-heavy Nasdaq added 0.55%.Prior to today's trading, shares of the company had lost 13.81% over the past month. This has lagged the Computer and Technology sector's gain of 0.6% and the S&P 500's loss of 0.84% in that time.The investment community will be closely monitoring the performance of Ouster, ...

Group 1 - The competitive landscape in 2024 features Ouster (NASDAQ: OUST) as the largest LiDAR company in the West and Hesai (HSAI) as the largest globally by volume [1] - The analysis focuses on the technology, adoption, and revenue growth of lidar companies, drawing parallels to previous evaluations of solar manufacturers and renewable yieldcos [1]

Group 1 - Ouster, Inc. (NASDAQ: OUST) is making progress in the production of Lidar deals, indicating a positive trajectory for the company [1] - The company has a sizable business, but major production deals have been limited, with quarterly sensor sales remaining in the several thousand range [1]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-K ___________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 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 ___________________ ...

Financial Performance - Ouster generated Q4 2024 revenue of $30 million[7], up 23% compared to Q4 2023[22] - The company achieved a GAAP gross margin of 44% in Q4 2024[7, 22], up from 22% in Q4 2023[22] - Non-GAAP gross margin was also 44% in Q4 2024[7, 22], compared to 35% in Q4 2023[22] - Ouster ended 2024 with $175 million in cash and equivalents and zero debt[7] - For FY 2024, Ouster's revenue was $111 million[26], a 33% increase year-over-year[26] - GAAP gross margin for FY 2024 was 36%[26], up from 10% in FY 2023[26] - Ouster shipped over 4,800 sensors in Q4 2024[23, 24], a 15% increase compared to Q4 2023[24] - In FY 2024, Ouster shipped over 17,300 sensors[26], a 27% increase year-over-year[26] Strategic Priorities - Ouster aims to scale the software-attached business, targeting the $19 billion smart infrastructure opportunity[11, 15] - The company plans to transform its product portfolio with new hardware and software innovations[12, 17] - Ouster is focused on executing towards profitability by achieving 30-50% annual revenue growth and maintaining gross margins at 35-40%[13, 19]

Ouster (OUST) Q4 2024 Earnings Call March 20, 2025 10:31 PM ET Company Participants Jim Fanucchi - Founder & PresidentAngus Pacala - Co-Founder, CEO & DirectorChen Geng - Interim CFOTyler Anderson - Equity Research AssociateCasey Ryan - Director of ResearchMaddie De Paola - Equity Research Associate Conference Call Participants Andres Sheppard - AnalystTim Savageaux - MD & Senior Research Analyst Operator and welcome to Ouster's Fourth Quarter twenty twenty four Earnings Conference Call. All lines have been ...

Financial Data and Key Metrics Changes - In Q4 2024, the company generated $30 million in revenue with gross margins of 44%, marking the eighth consecutive quarter of meeting or exceeding guidance [11][26] - For the full year 2024, revenue reached $111 million, a 33% increase year-over-year, with a GAAP gross margin of 36%, up 2,600 basis points from the previous year [23][32] - The company ended the year with $175 million in cash and equivalents and zero debt, maintaining one of the strongest balance sheets in the industry [12][33] Business Line Data and Key Metrics Changes - Approximately 4,800 sensors were shipped in Q4 2024, with a sequential unit growth of 23%, driven by large volume purchases from automotive and robotics customers [26][27] - Software attached bookings grew over 60% in 2024, exceeding a double-digit percentage of total bookings in each quarter [16][17] Market Data and Key Metrics Changes - The company is tapping into the Intelligent Transportation Systems (ITS) market, estimating a demand for over 1 million lidar units across 300,000 signalized intersections in the U.S. [13] - The company is also working with major heavy equipment manufacturers like John Deere to support automation efforts in agriculture and construction [14] Company Strategy and Development Direction - The company aims to scale its software attached business, transform its product portfolio, and continue executing towards profitability in 2025 [35][44] - The focus for 2025 includes capturing more of the $19 billion smart infrastructure market and expanding the use case of the Blue City solution [36][37] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the opportunities in high-performance, reliable 3D sensing solutions despite navigating volatility and uncertainty in the current climate [24][25] - The company expects to achieve revenue between $30 million and $32 million in Q1 2025, maintaining a long-term growth framework of 30% to 50% [34][44] Other Important Information - The company successfully executed against its 2024 business priorities, including expanding software solutions and advancing digital lidar hardware [16][19] - The introduction of new features like 3D Zone Monitoring and a cloud-based portal for Ouster Gemini is expected to enhance product usability and expand the addressable market [40][41] Q&A Session Summary Question: Insights on robotaxi and last-mile delivery markets - Management highlighted a resurgence in the robotaxi segment, driven by successful deployments from companies like Waymo, and noted positive trends in last-mile delivery robotics [50][54] Question: Competitive dynamics with China-based suppliers - Management stated that the competitive landscape has not significantly changed, and Ouster has maintained and grown market share while positioning itself as a strong Western provider [58][70] Question: Expected impact of tariffs - Management indicated that there are currently no expected disruptions to the supply chain due to tariffs, and the company is well-capitalized with low capital needs [116][118] Question: Details on backlog and future growth prospects - Management confirmed that the backlog supports continued growth in line with the long-term guidance of 30% to 50% [110][111] Question: Margin profile by vertical - Management noted that all four verticals are margin-positive and that software attached business is expected to enhance overall margin profiles [92][95]

Group 1 - Ouster, Inc. closed at $7.56, with a +1.07% change, outperforming the S&P 500's loss of 0.91% [1] - The company's shares have decreased by 22.08% over the last month, compared to the Computer and Technology sector's loss of 10.57% and the S&P 500's loss of 7.38% [1] Group 2 - Ouster, Inc. is set to release its earnings report on March 20, 2025, with projected EPS of -$0.23, indicating a 75.79% increase year-over-year [2] - The consensus estimate for revenue is $30 million, reflecting a 22.75% growth compared to the same quarter last year [2] Group 3 - Changes in analyst estimates for Ouster, Inc. are important as they indicate near-term business trends, with positive revisions suggesting optimism about the company's outlook [3] - Empirical research shows that revisions in estimates correlate with stock price performance, leading to the development of the Zacks Rank system [4] Group 4 - The Zacks Rank system ranges from 1 (Strong Buy) to 5 (Strong Sell), with 1 stocks averaging a +25% annual return since 1988 [5] - Ouster, Inc. currently holds a Zacks Rank of 3 (Hold), with no changes in the consensus EPS projection over the past 30 days [5] Group 5 - The Electronics - Miscellaneous Components industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 147, placing it in the bottom 42% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]

Company Performance - Ouster, Inc. (OUST) closed at $8.08, reflecting a +1.25% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.55% [1] - Over the past month, Ouster's shares have decreased by 27.78%, significantly underperforming the Computer and Technology sector's loss of 8.51% and the S&P 500's loss of 5.56% [1] Upcoming Earnings - Ouster is set to release its earnings report on March 20, 2025, with an anticipated EPS of -$0.23, which represents a 75.79% increase compared to the same quarter last year [2] - The consensus estimate for Ouster's revenue is projected to be $30 million, indicating a 22.75% increase year-over-year [2] Analyst Forecasts - Recent revisions to analyst forecasts for Ouster are important as they reflect short-term business trends, with positive revisions indicating analyst optimism about the company's profitability [3] - The Zacks Rank system, which incorporates estimate changes, provides actionable ratings and has a history of outperforming the market [4][5] Industry Context - Ouster operates within the Electronics - Miscellaneous Components industry, which is part of the Computer and Technology sector, currently ranked 136 out of over 250 industries, placing it in the bottom 46% [6] - The Zacks Industry Rank suggests that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]