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Ouster's strong sales growth and positive guidance instills investor confidence, akin to similar momentum in tech stocks with consistent performance metrics.
What happened, with direct paths to the underlying reporting
Ouster reported $33 million in Q1 sales, beating Wall Street's $31 million estimate. Sales grew 26% year-over-year, marking the ninth consecutive quarter of growth. Company projects Q2 sales between $32 and $35 million, indicating a 20% rise. Adjusted EBITDA loss narrowed to $8 million versus a $12 million forecast. Ouster faces a manageable 10% import tariff due to manufacturing in Thailand.
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