Ouster Inc Stock Price, News & Analysis

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.

Ouster, Inc. (NYSE: OUST), a leading provider of high-performance lidar sensors, has announced its upcoming third quarter 2024 earnings call. The company will report its financial results for Q3 2024 on November 7, 2024, after market close. A conference call will be held the same day at 5:00 p.m. ET to discuss the results.

Interested parties can register for the call via a provided website link. The call will also be available as a live webcast and later as a replay on Ouster's investor website. A telephone replay will be accessible until November 14, 2024. Ouster is a global provider of high-resolution scanning and solid-state lidar sensors and software solutions, serving various industries including automotive, industrial, robotics, and smart infrastructure.

Ouster, Inc. (NYSE: OUST) has announced the integration of its Ouster Gemini digital lidar perception platform with Genetec™ Security Center. This integration allows customers to combine lidar and video surveillance into a single interface for enhanced security operations. Genetec, a global security management provider with over 42,500 customers, can now offer its users the ability to leverage 3D lidar data for more accurate intrusion detection.

Ouster Gemini's AI-enabled perception software provides real-time physical intrusion detection, capable of simultaneously measuring the distance, trajectory, and speed of over 1,000 people or vehicles. It can detect entry and exit from specific zones, including intrusions over fences, tailgating, and entry into restricted areas. The integration enables Genetec Security Center users to trigger alerts, cue PTZ cameras, initiate alarms, and record events based on Ouster Gemini's detections.

Ouster, Inc. (NYSE: OUST) announced that its Blue City traffic management solution has achieved NEMA TS2 certification for traffic actuation. This makes it the first lidar traffic solution with Buy America(n) certified lidar to receive this certification. Blue City combines Ouster's 3D lidar sensors with edge AI to capture traffic data, improving safety and efficiency while protecting privacy.

The solution is currently deployed at over 250 intersections, with more installations underway. The U.S. Department of Transportation recently awarded two million dollar SMART Grants to Nashville and Chattanooga for implementing Blue City. This certification is expected to accelerate the adoption of Blue City across North America, supporting Ouster's growing software-attached sales.

Ouster (NYSE: OUST) reported strong Q2 2024 results with revenue of $27 million, up 39% year-over-year and 4% sequentially. The company achieved a GAAP gross margin of 34% and a non-GAAP gross margin of 40%. Ouster shipped over 4,000 sensors and saw significant growth in software-attached sales. The net loss was $24 million, with an Adjusted EBITDA loss of $11 million.

Key highlights include:

• Cash balance of $186 million as of June 30, 2024
• Repayment of all outstanding balance on revolving credit line
• Secured deals for Ouster Gemini software solution
• Taped out automotive-grade custom silicon 'Chronos' chip

Ouster, Inc. (NYSE: OUST), a leading provider of high-performance lidar sensors, has announced its upcoming second quarter 2024 earnings call. The company will report its financial results for Q2 2024 on August 13, 2024, after market close. A conference call is scheduled for 5:00 p.m. ET on the same day to discuss the results.

Interested parties can register for the call via a provided website link. The call will also be available as a live webcast and later as a replay on Ouster's investor website. A telephone replay will be accessible until August 27, 2024. Ouster, headquartered in San Francisco, offers lidar sensors and software solutions for various industries, including automotive, industrial, robotics, and smart infrastructure.