Record Revenue and Sensor Shipments
Ouster reported a record revenue of $39.5 million, representing a 41% year-over-year growth and a 13% sequential growth. They also shipped over 7,200 sensors, marking an all-time high.
Strong Financial Position
Ouster ended the quarter with $247 million in cash and equivalents and no debt, bolstering their financial strength.
Expansion in Smart Infrastructure and Industrial Verticals
Ouster expanded deployments of their products in logistics yards and traffic intersections, and secured substantial orders from a large European industrial equipment manufacturer and a technology company.
Strategic Partnerships and AI Advancements
Ouster announced a strategic partnership with Constellis to enhance security operations and continued to improve AI algorithms for better detection accuracy and new applications.