🔴 Ouster is trading 4.4% down today after wider-than-expected Q2 loss

Ouster is trading 4.4% down now at $43.59 after a wider-than-expected Q2 loss of $0.27/share versus $0.12 expected, despite revenue beating estimates.

• Shares disappointed over relatively flat Q3 revenue guidance of $54.5 million-$57.5 million and continued operating-expense growth.
• Decline follows a sharp multi-session rally; broader technology weakness adds pressure.
• After August 6 earnings release, trading remains volatile, reversing from the prior session’s $45.58 close; strong revenue growth, record shipments and 49% gross margin have not offset near-term profitability concerns.