AcquisitionsMay 5, 2026, 05:12 PM
Ouster Acquires Stereolabs; Q1 Revenue Up 49% to $48.6M
AI Summary
Ouster, Inc. completed the acquisition of Stereolabs on February 4, 2026, expanding its product portfolio and strengthening software capabilities. For the first quarter ended March 31, 2026, the company reported a 49% increase in total revenue to $48.6 million and a reduced net loss of $17.5 million, or $0.28 per share. Despite improved financial performance, Ouster continues to experience recurring losses from operations and negative cash flows from operating activities.
Key Highlights
- Acquired Stereolabs for $32.4 million cash and 1.85 million common shares, totaling $55.17 million.
- Reported Q1 2026 total revenue of $48.6 million, up 49% from $32.6 million in Q1 2025.
- Product revenue increased 55% to $48.2 million in Q1 2026.
- Net loss for Q1 2026 was $17.5 million, down from $22.0 million in Q1 2025.
- Diluted net loss per share improved to $0.28 from $0.42 year-over-year.
- Gross profit rose 54.5% to $20.8 million in Q1 2026.
- Net cash used in operating activities increased to $7.3 million from $4.9 million.
- Cash, cash equivalents, and restricted cash totaled $80.5 million at March 31, 2026.