Ouster Inc Stock Price, News & Analysis

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.

Ouster, Inc. (NYSE: OUST) has partnered with Danfoss Power Solutions to promote the adoption of Ouster's high-resolution digital lidar sensors. This collaboration aims to enhance the PLUS+1^® Partner Program, allowing seamless integration of Ouster's sensors into various machinery, improving operational efficiency in sectors like construction and agriculture. The partnership supports greater autonomy in industrial applications, with the integration expected to reduce time to market for OEMs. A compliance block for Ouster's OS sensors is anticipated for release in Q4 2021.

Ouster, Inc. (NYSE: OUST) has achieved Buy America and Buy American certifications for its digital lidar sensors produced in its San Francisco facility. These certifications enable U.S. federal, state, and municipal agencies, along with private customers, to utilize Ouster’s technology in federally funded projects. With over 80% of local transportation projects relying on federal funding, this positions Ouster advantageously for future infrastructure investments. The certifications are expected to enhance Ouster's competitive edge and scalability in supplying lidar technology to government projects.

Ouster, Inc. (NYSE: OUST) has entered a strategic agreement with PARIFEX to provide its OS1 lidar sensors for speed enforcement systems in France. This collaboration includes the potential supply of 500 sensors through 2025. Ouster's sensors will enhance PARIFEX's existing technology, which is already approved for speed measurement by the French Ministry of Interior. The partnership aims to improve traffic control and safety in urban areas, capitalizing on the growing demand for smart city solutions.

Ouster, Inc. (NYSE: OUST) will be added to the U.S. Small-Cap Russell 2000® Index on June 25, enhancing its visibility among institutional investors. The inclusion reflects Ouster's strong revenue performance and growth momentum. Membership in the Russell 2000® Index lasts for a year, contributing to Ouster's strategy to diversify its shareholder base. Approximately $9 trillion in assets are benchmarked against Russell indexes, showcasing its significance in the investment community. Ouster is recognized for its high-resolution digital lidar sensors used across various industries.

Ouster (NYSE: OUST), a leader in high-resolution digital lidar sensors, announced upcoming virtual presentations by CEO Angus Pacala and CFO Anna Brunelle at several investor conferences. Key dates include:

• J.P. Morgan Lidar Day: May 27, 2021, 12:00 PM ET
• Craig-Hallum Conference: June 2, 2021 (1x1 meetings only)
• Needham Auto Tech Day: June 8, 2021 (time not available)
• UBS Conference: June 9, 2021, 3:00 PM ET
• Baird Conference: June 10, 2021, 11:25 AM ET
• Deutsche Bank Conference: June 16, 2021, 11:50 AM ET
• Credit Suisse Forum: June 22, 2021 (1x1 meetings only)

Ouster (NYSE: OUST) has signed a strategic agreement with Balyo, aimed at deploying its OS0 ultra-wide view 3D digital lidar sensor on Balyo's robotic forklifts. This collaboration is expected to enhance automation capabilities, including improved 3D localization, smart safety features, and efficient navigation. Balyo's decision to upgrade from 2D to 3D lidar underscores the growing market for autonomous forklifts, which currently see less than 1% of pallets moved by intelligent machines. This partnership positions Ouster to capitalize on the rising demand for advanced robotics in industrial settings.

Ouster, Inc. (NYSE: OUST) has appointed Nathan Dickerman as President of Field Operations to enhance lidar adoption across its markets. Dickerman, previously Chief Commercial Officer at Planet Labs, will lead global sales, marketing, and customer success initiatives. The company has expanded its sales team by 50% in 2021 to meet growing demand for digital lidar, serving over 500 customers worldwide. CEO Angus Pacala expressed confidence in Dickerman's ability to drive growth and expand Ouster's market leadership.

Ouster, a leader in digital lidar sensors, reported a significant 187% increase in revenue for Q1 2021, totaling $6.6 million. The company shipped 978 sensors, marking a 240% increase year-over-year. Ouster signed 40 strategic customer agreements, projecting over $385 million in potential revenue. The gross margin for Q1 was 26%, aligning with guidance. For 2021, Ouster anticipates total revenues between $33 million and $35 million. CEO Angus Pacala highlighted strong competitive positioning and customer insights driving growth.