By Sarina Isaacs
Shares of Ouster jumped after the maker of lidar sensors sharply narrowed its fourth-quarter loss.
The stock was up 25% at $10.50 in afternoon trading, and shares have about doubled over the past year.
The San Francisco-based company late Thursday said it has lost $23.7 million, or 48 cents a share, narrowed from a loss of $39 million, or 95 cents a share, in the same quarter a year earlier.
Revenue rose 23% to $30 million, above analyst estimates of $29.8 million, according to FactSet.
The company also said it expects to book revenue of $30 million to $32 million in the first quarter. Analysts are looking for $30.8 million.
Write to Sarina Isaacs at sarina.isaacs@wsj.com
(END) Dow Jones Newswires
March 21, 2025 12:54 ET (16:54 GMT)
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