Ouster Inc Stock Price, News & Analysis

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.

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.