Ouster Inc Stock Price, News & Analysis

Ouster has completed the acquisition of Sense Photonics, establishing Ouster Automotive to accelerate digital lidar adoption in vehicles. The acquisition involved around 10 million shares of Ouster stock. Key outcomes include a faster product roadmap, a major automotive OEM deal, and negotiations for over $1 billion in series production programs. Additionally, Ouster gains access to Sense’s significant intellectual property portfolio, enhancing its competitive position in the automotive sector.

Ouster, Inc. (NYSE: OUST) is set to report its financial results for Q3 2021 on November 8, 2021, after market close. The results will cover the period ending September 30, 2021, followed by a conference call at 5:00 p.m. ET to discuss details. Interested parties can register for the call or access it via a live webcast on Ouster's investor website. Ouster specializes in high-resolution digital lidar sensors serving industries like automotive and robotics, boasting around 600 customers across 50 countries.

Ouster, Inc. (NYSE: OUST) appointed Karin Rådström to its Board of Directors, bringing over 15 years of automotive experience from Scania and Daimler Truck AG. Rådström’s expertise in sales and marketing will support Ouster in enhancing its competitive position in the automotive market. Currently the CEO of Mercedes-Benz Trucks, she aims to drive the adoption of digital lidar technology for both consumer and commercial applications. Ouster believes her appointment will solidify its standing in autonomous technology.

Ouster (NYSE:OUST) has announced a definitive agreement to acquire Sense Photonics in an all-stock transaction. This acquisition aims to enhance Ouster's automotive capabilities by establishing Ouster Automotive, led by Sense's current CEO, Shauna McIntyre. The deal is projected to accelerate Ouster's solid-state lidar roadmap, enabling mass-market adoption in vehicles and strengthening competitive positions with over 100 patents from Sense. Financially, Ouster anticipates net-neutral cash impacts in 2022, with potential revenue from ongoing automotive negotiations exceeding $1 billion.

Ouster, Inc. (NYSE: OUST) has signed a Strategic Customer Agreement with Juzhen Data Tech, expecting to supply 1,190 lidar sensors through 2025 for Juzhen's next-gen delivery vehicles in China. Juzhen aims to enhance its electric delivery vehicles with Ouster’s sensors for improved navigation and obstacle avoidance. Ouster’s CEO highlighted the partnership's role in advancing automation in logistics, emphasizing cost efficiency and performance. Juzhen's first electric vehicle was launched in November 2020, catering to the growing e-commerce market.

Ouster, Inc. (NYSE: OUST) announced that its CEO Angus Pacala and CFO Anna Brunelle will present at upcoming investor conferences: Cowen's Global Transportation & Sustainable Mobility Conference on September 10, 2021, and the Citi Global Technology Conference on September 15, 2021. The presentations will showcase Ouster's high-resolution digital lidar sensors, which cater to various industries, including automotive and robotics. Investors can view the presentations via Ouster's investor relations website.

Ouster (NYSE: OUST), a leader in high-resolution digital lidar sensors, announced that CEO Angus Pacala will present virtually at the J.P. Morgan 2021 Auto Conference on August 11, 2021, at 2:30 p.m. PT / 5:30 p.m. ET. Management will also host individual and small group investor meetings on the same day. A live and archived audio webcast of the presentation will be available on Ouster’s investor relations website.

Ouster serves approximately 600 customers in over 50 countries, providing lidar solutions for various industries including robotics and automotive.

Ouster (NYSE: OUST) announced the appointment of Susan Heystee as Chair of its Board of Directors, effective immediately. Heystee, who has over 30 years of experience in software and automotive technology, has been a board member since 2018 and served as Interim Chief Revenue Officer earlier this year. CEO Angus Pacala emphasized her crucial role in the company's growth and transition to public status. Under her leadership, Ouster aims to expand its market presence in digital lidar technology across various industries.