Ouster Inc Stock Price, News & Analysis

Ouster, Inc. (NYSE: OUST) announced its presence at CES Las Vegas 2022, showcasing advanced lidar sensors for automotive, industrial, and robotics applications. From January 5-8, Ouster will exhibit innovative products such as the DF series solid-state lidar and the OS series scanning lidar with enhanced performance metrics. The display aims to demonstrate improved safety and efficiency for their clients. Ouster serves approximately 600 customers across over 50 countries, underscoring its global impact in the autonomous technology sector.

Ouster, Inc. (NYSE: OUST) has appointed Adam Dolinko as General Counsel, bringing over 25 years of legal expertise in capital markets, corporate governance, and M&A. His past roles include legal leadership in major technology firms like NASDAQ and CSR plc. CEO Angus Pacala highlighted Dolinko's vital role in negotiating high-volume production deals with global automakers. Dolinko expressed excitement about Ouster’s commitment to growth in the digital lidar sector, aiming to enhance safety and connectivity across industries.

Ouster, Inc. (NYSE: OUST) expands its commercial operations into Japan and South Korea, aiming to enhance the adoption of its high-resolution digital lidar sensors. The company appointed Michael Mozzhechkov and Stephen Kim as Heads of Sales in their respective countries to drive local customer engagement. Ouster's strategic move seeks to address growing demand in the industrial and robotics sectors, with partnerships already established with key distributors and software integration firms. The company has a broad customer base and is positioned to capture further market opportunities in the Asia-Pacific region.

Ouster, Inc. (NYSE: OUST) has established an Advisory Board to enhance its strategic direction and relationships in the lidar industry. This Board comprises leading figures with extensive experience in Ouster's target markets, aiming to support the company's growth strategy and market positioning. The Board members include executives from Siemens, American Honda, and other notable firms, tasked with providing counsel and leveraging their networks. CEO Angus Pacala expresses confidence that the Advisory Board will bolster Ouster's capabilities to capture its multi-billion dollar addressable market.

Ouster reports a strong Q3 2021 with $7.8 million in revenue, a 31% year-over-year increase, and 24% gross margins, up from 18% a year prior. The company shipped over 1,630 sensors, marking a 127% rise year-over-year. Notably, Ouster has formed 62 Strategic Customer Agreements representing approximately $470 million in potential revenue. The net loss reduced to $13 million, improving from $20 million a year earlier, despite an adjusted EBITDA loss increase to $19 million, which includes acquisition expenses. The company reaffirms its FY 2021 revenue guidance of $33 to $35 million.

Ouster (NYSE: OUST) has launched the DF series, a suite of high-performance solid-state digital lidar sensors tailored for the automotive industry. This innovative platform promises reliability and affordability for automakers, with sensors designed for short, mid, and long-range applications. The DF series aims to meet stringent ADAS requirements and will begin consumer vehicle production in 2025. Ouster is currently shipping prototypes to OEMs and Tier 1 partners, positioning itself as a leading supplier in the lidar market.

Ouster, Inc. (NYSE: OUST) announced that CEO Angus Pacala and CFO Anna Brunelle will present at upcoming investor conferences. Key events include the Wolfe Research Industrial Growth & Technology Conference on November 15, 2021 at 10:50 a.m. ET, the Craig-Hallum Alpha Select Conference on November 16, 2021, and the Barclays Global Automotive and Mobility Tech Conference on November 17, 2021 at 3:55 p.m. ET. For more details, visit Ouster's investor page.

Ouster, a leader in digital lidar sensors, has secured a strategic agreement to supply over 1,000 lidar sensors to Local Motors for their autonomous shuttles, with a potential forecast of more than 20,000 sensors through 2025. This partnership aims to enhance Local Motors’ shuttle capabilities and performance while reducing the number of sensors needed. Both companies emphasize innovation and reliability. Ouster's lidar technology is essential for Local Motors’ Level 3 autonomous vehicles operating in various environments.

Ouster, Inc. (NYSE: OUST) has unveiled its most powerful lidar system on chip, the L2X, designed to enhance all-weather performance. The L2X chip offers a highly sensitive SPAD photodetector and on-chip digital signal processing, capable of counting over one trillion photons per second. This advancement delivers double the data rate of the prior system while maintaining a compact size and low power consumption. The update aims to improve sensor reliability in harsh conditions, benefiting around 600 customers across various industries.