Financial Data and Key Metrics Changes - The company reported revenue of $32.6 million for the first quarter of 2025, with a gross margin of 41%, which includes a patent royalty of $1.5 million [5][16] - Gross margin increased by 1,200 basis points year over year, reflecting higher revenues and a favorable product mix [16] - The balance sheet remains strong with $171 million in cash and equivalents and zero debt [6][18] Business Line Data and Key Metrics Changes - The industrial vertical was the largest contributor to revenue, followed by automotive, with significant deals in warehouse autonomy and robotaxi applications [16] - The company shipped approximately 4,700 sensors in the first quarter, indicating robust demand across various sectors [16] Market Data and Key Metrics Changes - The company expanded its relationship with Lazze Pico in the smart infrastructure vertical, signing its largest contract for software attached sales in Europe [6] - In the automotive sector, the company was selected by a global OEM's mobility subsidiary to supply sensors for autonomous vehicle development [7] Company Strategy and Development Direction - The company is focused on three strategic priorities for 2025: scaling the software attached business, transforming the product portfolio, and executing towards profitability [8][13] - The product portfolio is being transformed with new hardware and enhanced software capabilities, aiming to double the addressable market [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth of physical AI and the adoption of LiDAR technology, noting that advancements in AI are making systems more capable and affordable [68] - The geopolitical and macroeconomic environment remains fluid, but the company does not expect tariffs to significantly impact its business [19][72] Other Important Information - The company announced the appointment of Ken Gianella as Chief Financial Officer, effective May 19, 2025 [13] - The company achieved a major milestone in collaboration with NVIDIA for its AI model, which has been trained on over 4 million labeled objects [12] Q&A Session Questions and Answers Question: On gross margins and software contribution - The company is pleased with its margin performance, trending towards the higher end of its 35% to 40% range, and will provide more clarity on software contributions when significant [24][27] Question: About new products and TAM expansion - The upcoming product releases are expected to be transformational, potentially doubling the addressable market, with positive signals from key customers [30][31] Question: Testing process with new customers - The company engages in ongoing testing with customers, which helps build long-term relationships and accelerates production orders [35][37] Question: LiDAR adoption speed - The company believes LiDAR adoption is tracking to its long-term model, with positive trends in the field of autonomy and physical AI [68] Question: Impact of tariffs on customers - There has been minimal disruption due to tariffs, and the overall trend towards automation remains strong [71][72] Question: Competitive dynamics in the market - The company has not seen consistent efforts from competitors to develop solutions in non-automotive markets, maintaining its position as a leading player [76][77]

Exhibit 99.1 Ouster Announces Strong Operating Results for First Quarter 2025 "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 ...

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]