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Ouster, Inc. is a leader in sensing and perception for Physical Artificial Intelligence (Physical AI). Ouster enables machines to Sense, Think, Act, and Learn and independently execute tasks without human intervention.
The business is unprofitable at the operating level (-43.69% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 52.5% YoY with margins expanding 50.1pp.
Negative free cash flow of -$65M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$185M
▲ +52.5% YoY
Net Income (TTM)
-$56M
▲ +37.8% YoY
Op. Margin
-37.44%
▲ +50.1pp YoY
ROIC
-20.42%
▲ +12.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$69M
▼ -73.2% YoY
Op. Cash Flow (TTM)
-$42M
▼ -18.6% YoY
Net Debt
-$156M
Net Cash Position
Cash & Equiv.
$173M
5Y CAGR: +55.0%
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