Ouster Inc Stock Price, News & Analysis

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.

Ouster, Inc. (NYSE: OUST) reported second-quarter 2021 revenue of $7.4 million, a 72% year-over-year increase and 11% higher than the previous quarter. The company shipped over 1,460 sensors, marking a 342% rise year-over-year. Gross margins reached 26%, up from 9% in Q2 2020. However, net loss expanded to $32.0 million, compared to $11.3 million in Q2 2020. Ouster anticipates full-year revenue between $33 million and $35 million with gross margins of 25% to 27%. CEO Angus Pacala highlighted ongoing investments to drive long-term growth.

Ouster, Inc. (NYSE: OUST), a prominent provider of high-resolution digital lidar sensors, announced it will report its financial results for Q2 2021 after market close on August 9, 2021. The company will hold a conference call at 5:00 PM ET the same day to discuss the results. Registration can be completed via their website, and a live webcast will also be available. Ouster serves over 500 customers worldwide and is positioned across various industries, including industrial automation and robotics.