Ouster Inc Stock Price, News & Analysis

Ouster (NASDAQ: OUST) reported record Q4 2024 financial results with revenue of $30 million, up 23% year-over-year and 7% sequentially. The company achieved a GAAP gross margin of 44% and shipped over 4,800 sensors in Q4.

For full-year 2024, revenue reached $111 million, a 33% increase from 2023, with total shipments exceeding 17,300 sensors. The company improved its GAAP gross margin to 36% from 10% in 2023, while reducing net loss to $97 million from $374 million. Ouster ended 2024 with $175 million in cash and equivalents.

Key achievements include a 60% increase in software-attached bookings and expansion of Ouster Gemini and BlueCity deployments to over 700 sites. For Q1 2025, the company projects revenue between $30-32 million.

Ouster (NASDAQ: OUST) reported significant growth in its smart infrastructure vertical during 2024, with software-attached bookings increasing by over 60% year-over-year. The company expects to expand its cumulative software deployments to more than 700 sites.

The Ouster Gemini 3D digital lidar perception platform will be adopted at over 300 sites globally, including a major commercial real estate deal for foot traffic monitoring. A leading global technology company renewed its annual Ouster Gemini license for over $1 million. Ouster BlueCity, the company's traffic management solution, is expected to expand to over 400 sites, including a $2 million contract in Chattanooga, Tennessee.

Key developments include: launching a cloud portal for Ouster Gemini, establishing exclusive traffic technology partnerships across the U.S. and Canada, achieving System-Level NEMA TS2 Certification, and integrating with Genetec™ Security Center.

Ouster (Nasdaq: OUST) has launched a cloud portal for its Ouster Gemini digital lidar perception platform, enabling customers to manage and monitor their lidar deployments through a unified web interface. The platform combines 3D digital lidar with AI-powered perception software for detecting and tracking people and vehicles.

The cloud portal's key features include:

• Remote device configuration and management
• Health monitoring and diagnostics
• Real-time 2D and 3D visualizations
• Over-the-air software updates
• Historical event recordings
• Virtual site design simulator (Architect tool)

According to CEO Angus Pacala, this launch represents a important step in scaling customer deployments to hundreds of sites and thousands of sensors. The platform is immediately available to all Ouster Gemini customers, offering seamless integration with video management systems and traffic controllers for enhanced security, safety, and operational efficiency.

Ouster (NASDAQ: OUST) has introduced on-sensor 3D Zone Monitoring for its REV7 digital lidar products, a groundbreaking feature that enables lidar sensors to detect objects within custom-defined zones and trigger real-time alerts. This advancement will be available through a firmware update to REV7 customers.

The new feature includes capabilities such as creating up to 128 distinct 3D zones, real-time monitoring of up to 16 zones, configurable filters to reduce false positives, dynamic zone switching based on vehicle inputs, and parallel data processing. The technology primarily supports collision avoidance on moving vehicles like forklifts.

This innovation marks Ouster's first embedding of perception logic directly into 3D digital lidar, addressing limitations of existing 2D industrial lidar sensors. The company expects this development to expand its addressable market in the billion-dollar industrial lidar sector while simplifying customer development processes.

Ouster (NASDAQ: OUST), a leading provider of high-performance lidar sensors, has scheduled its Q4 2024 earnings release and conference call for March 20, 2025. The company will announce its financial results for the quarter ended December 31, 2024, after market close, followed by a conference call at 5:00 p.m. ET.

The earnings webcast will be accessible through a registration link and will remain available for replay for at least 30 days on Ouster's investor website. Ouster specializes in scanning and solid-state lidar sensors and software solutions, serving the automotive, industrial, robotics, and smart infrastructure sectors from its San Francisco headquarters.

Ouster (Nasdaq: OUST) announced the departure of CFO Mark Weinswig, effective January 31, 2025, who is leaving to pursue new opportunities. The company emphasized that his resignation is not related to any disagreements regarding operations, policies, or accounting practices.

Chen Geng, current VP of Strategic Finance and Treasurer, will serve as Interim CFO. Geng, who joined in 2021, has been key in strategic planning, financings, M&A, and investor relations. The company has initiated a search for a permanent CFO.

Based on preliminary results, Ouster reaffirmed its Q4 2024 revenue guidance of $29-31 million, with final earnings results expected in March 2025.

Ouster (NASDAQ: OUST) has secured a $2 million contract to implement its BlueCity traffic management solution in Chattanooga, Tennessee. Following a successful pilot at 12 intersections, the system will expand to over 120 intersections throughout downtown, making it the largest lidar-enabled smart traffic solution in the United States.

The BlueCity solution combines digital lidar sensors and edge AI to manage traffic flow, detect safety incidents, and enable vehicle-to-everything (V2X) communications. The system creates a real-time 3D digital traffic twin of intersections, automating data collection for monitoring road events involving vehicles, pedestrians, and cyclists. The project, scheduled for completion by the end of 2025, will be implemented in partnership with Southern Lighting & Traffic Systems and the University of Tennessee Chattanooga Research Institute.

Ouster Inc has announced the transfer of its stock listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market. The company's common stock will maintain its 'OUST' symbol, while its warrants will trade under new symbols: '2026 Public Warrants' will change to 'OUSTZ' on the Nasdaq Capital Market, and '2025 Public Warrants' will trade as 'OUSTW'. The transition is expected to take effect on December 23, 2024.

Ouster is a leading provider of high-resolution scanning and solid-state lidar sensors and software solutions, serving the automotive, industrial, robotics, and smart infrastructure sectors.

Ouster (NYSE: OUST) reported record financial performance for Q3 2024, with revenue reaching $28 million, a 26% YoY increase. The company shipped over 3,900 sensors and achieved a GAAP gross margin of 38%, up from 14% in Q3 2023. Non-GAAP gross margin rose to 45%. Despite a net loss of $26 million, this was an improvement from a $35 million loss in Q3 2023. Adjusted EBITDA loss was $10 million, down from $18 million in Q3 2023.

Ouster repaid all outstanding balances on its revolving credit line, ending the quarter with $154 million in cash and equivalents. Key business highlights include achieving NEMA TS2 certification for its BlueCity software and integrating Ouster Gemini with Genetec Security Center. The company also advanced its digital lidar hardware development.

For Q4 2024, Ouster projects revenue between $29 million and $31 million. Upcoming investor events include the Craig-Hallum Alpha Select Conference and ROTH Technology Conference in November 2024.