Ouster (OUST) Reports Q3 Revenue of $11.2M, Net Loss of $36M
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Ouster Reports 44% Year-over-Year Q3 Revenue Growth, Followed by Groundbreaking REV7 Product Launch and Planned Merger to Accelerate Lidar Adoption
November 7, 2022 6:15 AM EST
$11.2 million in revenue with 33% gross margins in Q3 2022
Doubled range with REV7 sensors, powered by the next-generation L3 chip
Planned merger of equals to strengthen financial position
SAN FRANCISCO--(BUSINESS WIRE)-- Ouster, Inc. (NYSE: OUST) (Ouster or the Company), a leading provider of high-resolution digital lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries, announced financial results for the three months ended September 30, 2022.
Third Quarter 2022 Highlights
$11.2 million in revenue, up 44% year over year. 33% gross margins, the highest... More