NASDAQ$OUST
Ouster Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Ouster reported record revenue for the fourth quarter of 2023, driven by increased shipments and improved margins following the merger with Velodyne.
Ouster announced record revenue for the fourth quarter of 2023, reaching over $24 million, a 10% sequential increase. The company shipped over 4,100 sensors, also a quarterly record. GAAP gross margins were 22%, and non-GAAP gross margins improved to 35%. The company's net loss was $39 million, and the adjusted EBITDA loss was $14 million.
- Ouster achieved record quarterly revenue of over $24 million, up 10% sequentially.
- Shipped over 4,100 sensors for revenue, marking a quarterly record.
- GAAP gross margins reached 22%, while non-GAAP gross margins improved to 35%.
- The company is focused on expanding software solutions, advancing digital lidar hardware, and progressing on its long-term financial framework.
Headline financials
Revenue & EPS history
Ouster · Revenue · Quarterly
$24.4M
Forward guidance
For the first quarter of 2024, Ouster expects to achieve $25 million to $26 million in revenue.
Tailwinds
- Expand software solutions and grow the installed base
- Advance the development of digital lidar hardware
- Progress on the long-term financial framework
- Release additional subscription-based software solutions later this year that improve the ease of installation and provide additional statistics and analytics to customers.
- Integrate the Chronos chip into its solid-state digital flash (“DF”) sensors later this year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
+6.8%
Avg return
Earnings day
+7.2%
Avg return
5 days after
+7.1%
Avg return
30 days after
64%
16 / 25 earnings
Positive
+34.3%
Q4 2023
Best reaction
-27.9%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.6% | -10.4% | +67.3% | |
| Q4 2025 | +7.4% | +0.1% | -3.8% | |
| Q3 2025 | -6.6% | -7.3% | -10.5% | |
| Q1 2025 | +22.7% | +31.4% | +68.7% | |
| Q4 2024 | +31.9% | +26.7% | -16.6% | |
| Q3 2024 | +2.0% | +24.8% | +32.7% | |
| Q2 2024 | -27.9% | -26.6% | -43.8% | |
| Q1 2024 | +25.8% | +21.5% | +16.2% | |
| Q4 2023 | +34.3% | +59.1% | +49.9% | |
| Q3 2023 | +12.6% | +18.7% | +34.0% | |
| Q2 2023 | +30.6% | +31.6% | -0.4% | |
| Q1 2023 | +18.5% | +39.8% | +34.8% | |
| Q4 2022 | -10.3% | -20.3% | -57.2% | |
| Q3 2022 | -13.7% | +3.4% | +2.6% | |
| Q2 2022 | -4.5% | -20.7% | -31.8% | |
| Q1 2022 | -0.3% | -10.4% | -38.8% | |
| Q4 2019 | -6.6% | -16.6% | +34.3% | |
| Q4 2021 | +23.0% | +22.6% | +18.0% | |
| Q3 2021 | +13.4% | +4.1% | -4.1% | |
| Q2 2020 | +3.5% | -1.0% | -18.5% | |
| Q2 2021 | +2.0% | +1.2% | -18.8% | |
| Q1 2020 | +15.6% | +14.5% | +50.7% | |
| Q1 2021 | -6.7% | -12.5% | +14.6% | |
| Q4 2020 | -1.1% | +6.9% | -6.0% | |
| Q3 2020 | +3.6% | +0.4% | +3.6% |
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