Ouster(US:OUST)2025-08-07 20:27Financial Performance - Ouster reported quarterly revenue of $35 million, representing a 30% year-over-year increase and a 7% sequential increase[4]. - Revenue for Q2 2025 reached $35,049 million, a 30% increase from $26,990 million in Q2 2024[21]. - Gross profit for Q2 2025 was $15,842 million, compared to $9,098 million in Q2 2024, resulting in a gross margin of 45%[21][27]. - Ouster's net loss for the quarter was $21 million, an improvement of $3 million year-over-year and $1 million sequentially[6]. - Net loss for Q2 2025 was $20,612 million, an improvement from a net loss of $23,869 million in Q2 2024[21]. - Adjusted EBITDA for Q2 2025 was $(5,503) million, an improvement from $(10,533) million in Q2 2024[26]. - Interest income for Q2 2025 was $2,620 million, an increase from $2,251 million in Q2 2024[21]. Operational Highlights - The company shipped a record 5,500 sensors during the quarter, contributing to its revenue growth primarily from industrial and automotive sectors[3]. - Ouster continues to focus on advancing its product portfolio and scaling its software-attached business to achieve profitability[3]. - The company is actively working to mitigate disruptions from geopolitical and macroeconomic factors affecting its operations[4]. Margins and Expenses - GAAP gross margin improved to 45%, up 1100 basis points year-over-year and 400 basis points sequentially, while non-GAAP gross margin reached 52%, an increase of 1200 basis points year-over-year[5]. - Operating expenses totaled $42,664 million in Q2 2025, up from $34,348 million in Q2 2024, with significant increases in research and development expenses[21]. - Stock-based compensation expense for the first half of 2025 was $21,724 million, compared to $20,099 million in the same period of 2024[26]. Cash and Assets - Cash, cash equivalents, restricted cash, and short-term investments totaled $229 million as of June 30, 2025[6]. - Cash used in operating activities for the first half of 2025 was $6,188 million, a significant reduction from $27,366 million in the same period of 2024[23]. - Cash and cash equivalents at the end of Q2 2025 were $78,687 million, up from $54,205 million at the end of Q2 2024[23]. - Ouster's total assets increased to $321.84 million as of June 30, 2025, up from $276.15 million at the end of 2024[18]. - Total stockholders' equity rose to $221.03 million, reflecting an increase from $180.91 million at the end of 2024[18]. Future Outlook - The company expects third quarter 2025 revenue to be between $35 million and $38 million[7].