🔴 Ouster is trading 5% down today after a wider-than-expected Q2 loss

Ouster is trading at $41.34, down -4.75%, as its wider-than-expected $0.27-per-share Q2 loss pressured sentiment after the August 6 earnings release.

• Q2 revenue reached $55 million, and shipments hit a record.
• Q3 revenue guidance of $54.5 million-$57.5 million implies approximately 2.5% sequential growth, tempering expectations.
• No new August 10 company announcement was identified; broader markets are only slightly weaker. Management is scheduled to present at an Oppenheimer conference on August 11.