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Ouster Gemini and BlueCity Software Adoption Accelerates in 2024

1. OUST's software-attached bookings increased by over 60% year-over-year. 2. The company is expanding in smart infrastructure sectors for 2024.

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FAQ

Why Bullish?

Historically, significant growth in bookings correlates with stock price increases. Similar increases in tech companies have led to positive market responses.

How important is it?

The 60% growth in bookings highlights strong demand and market positioning for OUST, likely to attract investor interest.

Why Long Term?

Sustained growth in software bookings indicates a strong future revenue stream, which bodes well for long-term stability.

Related Companies

LIDRNVDAGOOG
SAN FRANCISCO--(BUSINESS WIRE)---- $OUST--Ouster, Inc. (Nasdaq: OUST) (“Ouster” or the “Company”), a leading provider of high-performance lidar sensors and solutions, today announced its expansive growth during 2024 in the smart infrastructure vertical across intelligent transportation systems, logistics, crowd analytics, and security. Ouster increased its software-attached bookings1 by over 60% year-over-year, which is expected to increase the Company's cumulative software deployments to more than 700 s.

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