Ouster Stock Slides on Q2 Results, Company 'Well Positioned' For Physical AI

Ouster Inc (NASDAQ: OUST ) posted financial results for the second quarter after the market close on Thursday. Here’s a look at the key details from the print. Ouster stock is trending. Where is OUST stock headed? Ouster Q2 Report Highlights Ouster reported second-quarter revenue of $54.63 million, beating analyst estimates of $50.88 million, according to Pro. The company reported a second-quarter loss of 27 cents per share, missing estimates for a loss of 20 cents per share. Total revenue increased 56% year-over-year as product revenue increased 51% to $53 million. The company reported total shipments of more than 17,000 lidar (light detection and ranging) and camera sensors during the quarter. Ouster ended the quarter with $263 million in cash, cash equivalents, restricted cash and short-term investments. “These results reflect the strength of our unified sensing and perceptio...