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Ouster, Inc. reports developments in sensing and perception for Physical AI across industrial, robotics, automotive, and smart infrastructure markets. Its news commonly covers digital lidar sensors, camera vision products, AI compute, sensor fusion and perception software, and customer deployments for automation, robotics and traffic infrastructure.
Recurring updates include the Rev8 OS digital lidar family powered by L4 Ouster Silicon, native color lidar capabilities, NVIDIA Jetson ecosystem integrations, Ouster BlueCity traffic-management deployments, and Stereolabs camera products such as the ZED X Nano. Company announcements also address quarterly results, product revenue trends, lidar and camera shipments, commercial leadership, partnerships and completed acquisition integration.
Ouster (NYSE: OUST) announced its participation at CES Las Vegas 2023, scheduled from January 5-8, showcasing advanced lidar sensor technology. The company will feature its REV7 sensors in a live demonstration and unveil a new product for smart infrastructure applications. Ouster's sensors are recognized with a 2023 CES Innovation Award for vehicle technology. Attendees can experience demos and engage with partner companies like Third Wave Automation and Flyability.
Ouster (NYSE: OUST) has achieved recognition as a 2023 CES Innovation Award Honoree in the Vehicle Intelligence & Transportation and Robotics categories. Selected from over 2,100 submissions, its REV7 OS series sensors, which enhance lidar performance for various autonomy applications, will be showcased at CES 2023. The REV7 series includes new sensor designs that offer double the range and improved detection accuracy. This marks Ouster's third CES innovation award, signifying ongoing advancements in the lidar industry.
Velodyne Lidar reported Q3 2022 revenue of $9.6 million, down from $11.5 million in Q2, with total billings flat at $12.5 million. The company experienced a GAAP net loss of $41.6 million or $(0.19) per share, an improvement from $(0.22) per share in Q2. A gross loss of $10.9 million was attributed to inventory reserves and terminated contracts. Looking ahead, Velodyne anticipates Q4 revenues between $12 million and $14 million. In corporate highlights, they announced a merger with Ouster and acquired Bluecity.
Ouster, Inc. (NYSE: OUST) reported Q3 2022 revenue of $11.2 million, marking a 44% year-over-year increase, and achieving record gross margins of 33%. The company sold 2,136 sensors, up 31% from the previous year, and increased Strategic Customer Agreements to 84. However, the net loss widened to $36 million. Ouster announced a planned merger with Velodyne in an all-stock transaction aimed at accelerating lidar adoption, which is subject to regulatory approval and expected to close in H1 2023.
Ouster and Velodyne have announced a definitive merger agreement to create a strong leader in the lidar industry through an all-stock transaction. The merger is anticipated to enhance financial stability, with a combined cash balance of approximately $355 million as of September 30, 2022, and projected annualized cost savings of at least $75 million within nine months of closing. The combined entity aims to accelerate lidar adoption across diverse markets, leveraging operational synergies and a robust product portfolio.
Ouster (NYSE: OUST) and Velodyne (NASDAQ: VLDR, VLDRW) have announced a definitive agreement to merge in an all-stock transaction. The merger aims to enhance financial strength, leveraging a combined cash balance of $355 million as of Q3 2022. Expected annualized cost savings of at least $75 million are anticipated within nine months post-closing. Ouster and Velodyne will present a united front, utilizing operational synergies and a robust product offering to accelerate lidar technology adoption in various markets. The merger is subject to shareholder approval, expected to close in the first half of 2023.
Ouster (NYSE: OUST) launched its advanced OS series scanning sensors, including the new OSDome sensor and the REV7, powered by a next-generation L3 chip. This release promises enhanced performance with double the range, improved object detection, and increased precision. The L3 chip employs cutting-edge technology for better digital signal processing and sensitivity. The OSDome sensor provides a hemispheric field of view for industrial applications. The sensors are available for order with initial shipments expected in Q4 2022.
Ouster, Inc. (NYSE: OUST) announces it will report its Q3 2022 results on November 7, 2022, after market close. A conference call will be hosted that day at 5:00 p.m. ET to discuss the financial results. Registration for the call can be completed online, and it will be available via a live webcast and replay for 30 days on Ouster's investor website.
Ouster specializes in high-resolution digital lidar sensors for various industries, supporting about 600 customers globally.
Ouster, Inc. (NYSE: OUST) will launch new products featuring its advanced L3 digital lidar chip on October 19, 2022. The company plans to hold a conference call at 11:00 a.m. ET the same day to discuss these innovations with investors and analysts. Ouster, a leader in high-resolution digital lidar sensors, aims to enhance safety and sustainability across automotive, robotics, industrial, and smart infrastructure sectors. Interested participants can register for the call or access it live via Ouster's investor site.
Benchmark Electronics has been awarded the title of Supply and Manufacturing Partner of the Year by Ouster, Inc., recognizing its excellence in performance, quality, and responsiveness. The award is a testament to Benchmark's ability to meet industrial quality standards while supporting high-volume production of Ouster's digital lidar sensors. Since 2017, Benchmark has successfully shipped over 14,000 sensors from its Thailand facility, which features advanced production capabilities. This partnership highlights Benchmark's commitment to innovation and customer satisfaction in the rapidly evolving sensor technology sector.