Apex Trader Funding - News
Ouster Shares Fall After Q2 Results: Here's Why
Ouster Inc. (NYSE:OUST) shares are trading lower after the company reported its second-quarter financial results Tuesday. Here's a look at the details from the report.
The Details: Ouster reported quarterly losses of 53 cents per share, which beat the analyst consensus estimate of 61 cents by 13.11%. Quarterly sales came in at $26.99 million which missed the analyst consensus estimate of $27.03 million.
The company shipped over 4,000 sensors for revenue, and reported non-GAAP gross margin of 40%, compared to 26% in the second quarter of 2023 ...