u/moonie_loon

OUST is considering to increase the number of authorized shares of the Company's common stock, from 100,000,000 to 200,000,000. This is one of the vote items for the annual meeting on June 17.

What to expect?

First Quarter 2026 Highlights:

$49 million in revenue, up 49% year over year and down 22% sequentially. Total revenue of $62 million in the fourth quarter of 2025 included royalties of approximately $21 million, primarily one-time and related to long-term IP license contracts.

Product revenue was $48 million, up 55% year over year and 18% sequentially.

Shipped more than 12,600 lidar and camera sensors for revenue, of which lidar was approximately 65% of the total.

GAAP gross margin of 43%, up 200 bps year over year and down 1,700 bps sequentially.

GAAP net loss of $17 million, an improvement of $5 million year over year and down $21 million sequentially.

Non-GAAP gross margin of 46%, flat year over year and down 1,600 bps sequentially.

Adjusted EBITDA loss of $7 million, up $1 million year over year and down $20 million sequentially.

Cash, cash equivalents, restricted cash, and short-term investments of $175 million as of March 31, 2026.