OUST - Ouster Continues To Separate From The Pack

2024-03-27 05:51:49 ET

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 ( 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....

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