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Ouster's Real Growth Amid Struggling Competition
OUSTOuster(OUST) Seeking Alpha·2024-11-10 05:26

Core Insights - Ouster (NYSE: OUST) achieved a new revenue record in Q3, generating 28.08millioninrevenuewithagrossmarginof3828.08 million in revenue with a gross margin of 38% and a non-GAAP margin of 45% when excluding 4.1 million in litigation costs [1] - The company successfully cleared its debt while utilizing only $3.1 million in cash for operations during the quarter [1] - The focus of interest has shifted towards lidar companies, emphasizing their technology, adoption, and revenue growth [1]