Ouster, Inc

Ouster, Inc. engages in the provision of high resolution digital lidar sensors that offer advanced 3D vision to machinery, vehicles, robots, and fixed infrastructure assets. The company was founded on June 30, 2015 and is headquartered in San Francisco, CA.

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Ouster reports robust 2022 revenue, eyes margin growth post-merger

Ouster's strong revenue performance and successful merger integration efforts position the company for continued growth and profitability.
Challenges such as margin pressure and customer mix impact highlight the need for strategic adjustments to optimize financial performance.
Opportunities in increasing margins, managing costs efficiently, and enhancing customer relationships present avenues for future growth and success.
Overall, Ouster's focus on innovation, integration, and financial efficiency sets a solid foundation for sustained performance and market leadership.

Ouster reports robust Q1 results, eyes growth through innovation

Ouster's Q1 2023 performance reflects strong revenue, bookings, and strategic wins, positioning the company for growth.
The company's strengths lie in its financial position, competitive differentiation, and commitment to innovation and IP protection.
Challenges include analyst inquiries, execution risks, competitive dynamics, and future capital needs, requiring strategic management.
Opportunities for Ouster include new product releases, margin expansion, growth in digital LiDAR technology, and market differentiation.

Ouster reports record revenues and technological advancements, eyes automotive growth

Ouster's Q2 2023 earnings call highlighted strong financial performance, technological advancements in sensor hardware and software solutions, and strategic priorities for business growth. The company's focus on cost reduction, expanding product offerings, and targeting new business opportunities positions them well for future success.

Ouster exceeds Q3 targets, sets ambitious growth framework for 2023

Ouster's Q3 performance reflects strong revenue, margin, and cost-saving achievements, positioning the company for growth.
Despite challenges in maintaining margins and managing expenses, Ouster's strategic framework and product progress offer resilience.
Opportunities in revenue growth, market visibility, and positive industry feedback signal a promising trajectory for Ouster.

Ouster reports record revenues in 2023, eyes software and lidar growth

Ouster delivered strong financial performance in 2023, with record revenues and a positive outlook for revenue growth in 2024.
The company's focus on software solutions and digital lidar hardware, along with strategic priorities, positions it well for future success.
While facing challenges in margin improvement and market dynamics, Ouster's operational efficiency and customer interest provide a solid foundation for growth.

Ouster, Inc. reports record Q1 revenues and outlines strategic advancements

Ouster's Q1 2024 performance showcased robust revenue growth, margin expansion, and strategic advancements in hardware and software.
While facing challenges in a competitive market, the company's focus on operational execution and innovation presents opportunities for sustained growth.
Maintaining a strong balance sheet and delivering on revenue guidance indicate a positive outlook for Ouster's future performance and market positioning.

Ouster reports record Q2 revenues and focuses on software innovation

Ouster's Q2 performance showcased strong revenue growth, improved gross margins, and a focus on software solutions driving market success.
While facing challenges in profitability and revenue growth sustainability, the company's strategic priorities and financial strength position it for future opportunities.
By emphasizing software solutions, advancing LiDAR technology, and maintaining financial stability, Ouster aims to drive long-term growth and profitability.

Ouster reports record revenue and strategic wins in Q3 2024

Ouster's Q3 2024 performance reflects strong revenue growth, improved gross margins, and strategic wins in key markets.
The company's focus on profitability, operational efficiency, and innovation positions it well for future growth and market leadership.
While challenges exist in maintaining margins and balancing growth targets, Ouster's financial stability and strategic priorities offer resilience.
Opportunities in software sales, hardware development, and global expansion present avenues for sustained growth and competitive advantage.

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Hesai Group

Ouster Inc , a San Francisco-based provider of lidar light sensors used in fields like autonomous vehicles, defense and robotics, sued Chinese rival Hesai Group on Tuesday for patent infringement in Delaware federal court and at the U.S. International Trade Commission.

Lidar tech company Ouster sues Hesai Group over patents

SAN FRANCISCO--(BUSINESS WIRE)---- $OUST--Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-performance lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries, announced today that it has filed a patent infringement complaint with the U.S.

Ouster Files Patent Infringement Complaint with ITC Against Hesai and Seeks to Bar the Infringing Products from the United States

SAN FRANCISCO--(BUSINESS WIRE)---- $OUST--Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-performance lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries, announced today that its Board of Directors has approved a 1-for-10 reverse stock split ("reverse split") of its common stock, par value $0.001 per share ("Common Stock") that is expected to become effective on Thursday, April 20, 2023 at 4:01 p.m. Eastern Time.

Ouster to Consolidate Shares with 1-for-10 Reverse Stock Split

Ouster remains my bet on Lidar, based on technology. The lack of the yearly forecast is understandable but weakens the story.

Post-Merger Ouster: The Aftermath Remains To Be Seen

Ouster, Inc. (NYSE:OUST ) Q4 2022 Earnings Conference Call March 23, 2023 5:00 PM ET Company Participants Sarah Ewing - Director, Investor Relations Angus Pacala - Chief Executive Officer Mark Weinswig - Chief Financial Officer Conference Call Participants Andres Sheppard - Cantor Fitzgerald Brian Dobson - Chardan Capital Markets Kevin Cassidy - Rosenblatt Securities Richard Shannon - Craig-Hallum Kevin Garrigan - WestPark Capital Colin Rusch - Oppenheimer Operator Hello and welcome everyone to Ouster's Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions] And just a reminder, today's call is being recorded and a replay of the call will be available on the Ouster Investor Relations website an hour after the completion of this call.

Ouster, Inc. (OUST) Q4 2022 Earnings Call Transcript

Ouster is on track to realize the benefits of its merger with Velodyne, completed in February. But its pre-merger Q4 results fell short of expectations.

Lidar maker Ouster dips as quarterly losses widen, but CEO sees savings in Velodyne merger

SAN FRANCISCO--(BUSINESS WIRE)---- $OUST--Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-performance lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries, announced financial results for the year end and three months ended December 31, 2022. Fourth Quarter 2022 Highlights1 $11 million in revenue, down 8% year over year. 17% gross margins, compared to 30% in fourth quarter 2021.

Ouster Achieves 2022 Guidance, Reporting 22% Full Year Revenue Growth

SAN FRANCISCO--(BUSINESS WIRE)---- $OUST--Ouster, Inc. (NYSE: OUST), a leading provider of high-performance lidar sensors, and LASE GmbH, a worldwide leader in laser-based sensor applications for industrial equipment, announced the signing of their multi-year supply agreement to help further automate and retrofit container terminals and crane systems at ports with 3D digital lidar sensors. This agreement includes a binding commitment for several hundred Ouster OS sensors through 2025.

Ouster and LASE Sign Multi-Year Supply Agreement to Automate Port Operations

SAN FRANCISCO--(BUSINESS WIRE)---- $OUST--Ouster, Inc. (NYSE: OUST)(“Ouster” or “the Company”), a leading provider of high-performance lidar sensors, announced that overall demand for smart infrastructure programs in 2022 totaled over 3,500 OS sensors spanning the intelligent transportation systems, crowd analytics, and security submarkets. Ouster was selected for over 210 smart infrastructure projects in 2022, up nearly 95% over 2021.

Ouster Doubles Smart Infrastructure Programs with Over 210 Awarded Projects in 2022

SAN FRANCISCO--(BUSINESS WIRE)---- $OUST--Ouster, Inc. (NYSE: OUST), a leading provider of high-performance lidar sensors, and Fieldin, a leading AgTech company with a smart farming platform and autonomous technology, announced the largest known deployment of retrofit autonomy kits for autonomous tractors in the agricultural industry1 following the signing of their multi-year supply agreement.

Ouster and Fieldin Announce Largest Deployment of Retrofit Autonomy Kits for Autonomous Tractors Following Multi-Year Supply Agreement

SAN FRANCISCO--(BUSINESS WIRE)---- $OUST--Ouster, Inc. (NYSE: OUST), a leading provider of high-performance lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries, plans to showcase its new REV7 OS sensors and Ouster Gemini digital lidar perception platform at select industry trade shows this Spring. Those attending can visit the Ouster booth for an in-person demo.

Ouster to Showcase High-Performance Digital Lidar at Spring Conferences

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Velodyne Lidar

With lidar companies Ouster and Velodyne officially merged, CEO Angus Pacala has identified the next phase of growth. And it's not self-driving cars or even advanced driver assistance systems.

Fresh off its merger, Ouster-Velodyne make a bet on smart infrastructure

SAN FRANCISCO--(BUSINESS WIRE)---- $OUST--Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-resolution digital lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries, announced today that its CEO, Angus Pacala, and CFO, Mark Weinswig, will present virtually at the Baird Vehicle Technology and Mobility Conference on February 15, 2023. Date: February 15, 2023 Presentation Time: 2:15 p.m. PT / 5:15 p.m.

Ouster to Present at Baird 2023 Vehicle Technology and Mobility Conference

SAN FRANCISCO--(BUSINESS WIRE)---- $OUST--Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-resolution digital lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries, announced that it will report its financial results for the fourth quarter ended December 31, 2022 after the market closes on Thursday, March 23, 2023 and host a conference call that day at 5:00 p.m. ET to discuss its results.

Ouster Announces Date for Fourth Quarter 2022 Earnings Call

The merger creates a lidar powerhouse with more than 850 customers and about $315 million in cash on hand.

Lidar makers Ouster and Velodyne complete their merger, creating a sector powerhouse

SAN FRANCISCO--(BUSINESS WIRE)---- $OUST--Ouster (NYSE: OUST), a leading provider of high-resolution digital lidar, and Velodyne, a global player in lidar sensors and solutions, announced the successful completion of their merger of equals, effective February 10, 2023. The combined company will keep the name Ouster and continue to trade on New York Stock Exchange under the ticker “OUST.

Ouster and Velodyne Complete Merger of Equals to Accelerate Lidar Adoption

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SAN JOSE, Calif.--( BUSINESS WIRE )--Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) announced that the Special Meeting of Stockholders ("Special Meeting") scheduled to be held today to approve the proposed merger with Ouster, Inc. (NYSE: OUST) and related matters was convened and adjourned without conducting any business. The Special Meeting will reconvene at 9:00 a.m. PT on February 10, 2023 and will be held virtually at https://www.virtualshareholdermeeting.com/VLDR2023SM.

Velodyne Lidar Adjourns Special Meeting of Stockholders to February 10, 2023

Quanergy bankruptcy illustrates that lidar companies remain as high-risk investments. Ouster and Velodyne merger will build a solid business, profitability coming in 2026?

Investing In Lidar In 2023, Ouster Remains My Bet

Ouster takes several steps towards closing the Velodyne Lidar deal. The combined Lidar sensor companies can provide $30+ million in Q4'22 revenues, providing legitimacy to the sector growth opportunity.

Ouster: New Day

Ouster (OUST) and Velodyne Lidar (VLDR; VLDRW) have completed their merger. These are the details.

Ouster And Velodyne Complete Merger: Details (OUST) (VLDR)

SAN FRANCISCO--( BUSINESS WIRE )--Ouster, Inc. (NYSE: OUST) (“Ouster”), a leading provider of high-resolution digital lidar, and Velodyne Lidar, Inc. (Nasdaq: VLDR; VLDRW) (“Velodyne”), a global player in lidar sensors and solutions, announced today the proposed designations for the Board of Directors of the Combined Company, subject to approval by the Ouster Board of Directors and closing the proposed merger of equals. The merger is expected to drive significant value creation and result in a stronger financial position through robust product offerings, increased operational efficiencies, ​​and a complementary customer base in fast-growing end-markets.

Ouster and Velodyne Achieve Guidance and Announce Combined Company Board of Directors in Anticipation of Closing of Merger of Equals

Ouster's eminent combination with Velodyne should unlock new value and greater chance of long-term success for the company. The stock could deliver strong returns if all goes well in the next 3-5 years with the growing adoption of LIDAR & their providing focus on cost driven solutions.

Ouster: Positioned To Be A Leader In A LiDAR Revolution

SAN JOSE, Calif.--( BUSINESS WIRE )--Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced that the Special Meeting of Stockholders ("Special Meeting") to approve the proposed merger with Ouster, Inc. (NYSE: OUST) and related matters was convened and adjourned without conducting any business. The Special Meeting will reconvene at 9:00 a.m. PT on February 3, 2023.

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