By Kelly Cloonan
Shares of Ouster rose after the company logged a narrower loss and higher revenue in the first quarter.
The stock climbed 27% to $10.99 on Friday. Shares have climbed 6% in the last 12 months.
The provider of high-performance lidar sensors and software solutions on Thursday posted a loss of $22 million, or 42 cents a share, compared to a loss of $23.8 million, or 55 cents a share, a year earlier.
Revenue 26% to $32.6 million. Analysts polled by FactSet expected $30.9 million.
The higher revenue was primarily driven by demand from industrial and automotive customers for use cases in warehouse automation, yard logistics, and robotaxis, the company said.
For the second quarter, the company guided for revenue of $32 million to $35 million. Analysts polled by FactSet expect $33.9 million.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
May 09, 2025 11:55 ET (15:55 GMT)
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