Ouster Reports Q3 Revenue Growth of 49% and Improved Adjusted EBITDA
Ouster (NASDAQ: OUST) reported third-quarter financial results that exceeded analyst expectations for both earnings per share and revenue. The company posted a GAAP EPS of -$0.20, beating estimates by $0.04, while revenue reached $59 million, representing a 49.3% increase year-over-year and surpassing projections by $2.73 million. The company also demonstrated significant progress in its path toward profitability, reporting an adjusted EBITDA loss of $3 million. This figure marks a substantial improvement of $5 million compared to the previous year and a $1 million improvement over the second quarter, signaling strengthening operational efficiency.
Tickers: $OUST