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Ouster, Inc. - $OUST STOCK NEWS

Welcome to our dedicated page for Ouster news (Ticker: $OUST), a resource for investors and traders seeking the latest updates and insights on Ouster stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ouster's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ouster's position in the market.

News
Cyngn's Proprietary Computer Vision Achieves Arauco's Complex Application Requirements by Utilizing Ouster Lidar in a Multi-Sensor System
Rhea-AI Summary
Cyngn secures pre-order of 100 DriveMod Forklifts from Arauco, representing up to $5 million in annual recurring EAS license revenues
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.56%
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News
Ouster Appoints New Commercial Head to Lead Next Chapter of Lidar Adoption
Rhea-AI Summary
Ouster, Inc. has appointed Cyrille Jacquemet as the Senior Vice President of Global Sales. Cyrille will be responsible for overseeing worldwide sales, marketing, and customer success. He has been a strategic sales leader at Ouster since 2018 and brings significant global commercial experience to his new role. Cyrille has a fifteen-year career in building and guiding sales organizations for technology companies in the U.S. and Europe. Ouster is well-positioned for near and long-term growth with its technology and team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.37%
Tags
management
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News
Ouster Achieves Q2 2023 Revenue Guidance; Increases Cost Savings Target
Rhea-AI Summary
Ouster reports over $19 million in revenue and $43 million in bookings in Q2 2023. Gross margins improved to 1%. Net loss reduced to $123 million. Now targeting annualized cost savings of over $110 million by Q4 2023. Expecting $20-22 million in revenue for Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
29.61%
Tags
earnings
News
Ouster Announces Date for Second Quarter 2023 Earnings Call
Rhea-AI Summary
Ouster, Inc. (NYSE: OUST) will report its Q2 2023 financial results on August 10, 2023. The company is a leading provider of high-resolution digital lidar sensors for various industries. A conference call will be held at 5:00 p.m. ET on the same day to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.78%
Tags
earnings
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News
Ouster Continues Merger Integration and Reaffirms Quarterly Guidance, Positioning the Company for Long-term Success
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.93%
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acquisition
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News
ITC Institutes Investigation into Hesai’s Unlawful Use of Ouster’s Patents
Rhea-AI Summary
The U.S. International Trade Commission (ITC) will investigate Hesai Group for infringing on five Ouster patents related to lidar technology. Ouster has filed a complaint requesting a limited exclusion order and a cease and desist order against Hesai to ban the importation of infringing lidar devices into the United States.
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End-of-Day
-- %
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Ouster to Present at Upcoming June 2023 Investor Conferences
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.1%
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conferences
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News
Ouster Announces Expansion of Supply Agreements with May Mobility to Support Autonomous Vehicle Deployments Around the Globe
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
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none
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News
Ouster Exceeds Q1 2023 Revenue Guidance; Increases Target for Merger Cost Synergies
Rhea-AI Summary
Ouster, Inc. reported over $17 million in revenue and $33 million in bookings in Q1 2023. They shipped over 3,000 sensors and achieved a non-GAAP gross margin of 25%. Net loss increased to $177 million primarily due to non-cash charges and operating losses associated with the Velodyne merger. Ouster expects to realize annualized cost synergies of $80 to $85 million. They also provided updates on their business objectives and announced partnerships with Motional and BlueCity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
28.65%
Tags
acquisition earnings
News
Ouster Awarded Production Win by Motional to be the Exclusive Supplier of Long-Range Lidar for its Autonomous Vehicles
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
28.65%
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Stock OUST logo
Ouster, Inc.

Nasdaq:OUST

OUST Rankings

#3120 Ranked by Market Cap
#5126 Ranked by Stock Gains
N/A Ranked by Dividends

OUST Stock Data

435.29M
33.06M
15.81%
30.73%
12.95%
All Other Miscellaneous General Purpose Machinery Manufacturing
Manufacturing
Link
United States of America
SAN FRANCISCO

About OUST

at ouster, we're developing advanced sensor hardware and vision algorithms for autonomous cars and drones. we're looking for software and hardware engineers interested in working on the systems that underpin modern robotics: high performance sensors, localization, object detection, tracking and classification. our team is composed of engineers that wear many hats and enjoy building robots that cope with the messiness of the real world. all of us push code, some of us build hardware, and none of us wants to wait another decade for cars and drones to be driving themselves.