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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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.

Velodyne Lidar Adjourns Special Meeting of Stockholders to February 3, 2023

Velodyne Lidar (US:VLDR) said Tuesday that proxy advisory firm Institutional Shareholder Services (ISS) recommended that shareholders vote for its proposed roughly $400 million merger with Ouster (US:OUST) at Velodyne's upcoming special shareholder meeting on Jan 26.

Velodyne-Ouster Merger Recommended by ISS and Glass Lewis for Cost Savings and Strategic Benefits.

SAN JOSE, Calif.--( BUSINESS WIRE )--Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced that the leading independent proxy advisory firm of Institutional Shareholder Services (“ISS”) has recommended that shareholders vote “FOR” the proposed merger with Ouster, Inc. (NYSE: OUST) at Velodyne's upcoming Special Meeting of Stockholders (the “Special Meeting”), scheduled for January 26, 2023.

Leading Independent Proxy Firm ISS Joins Glass, Lewis & Co. in Recommending that Velodyne Lidar Stockholders Vote “FOR” the Merger with Ouster, Inc.

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Lidar, Radar, Camera Vendors Fight To Be The Eyes Of Autonomous Vehicles

SAN FRANCISCO--( BUSINESS WIRE )--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 the launch of Ouster Gemini, its cloud-backed digital lidar perception platform for crowd analytics, security, and intelligent transportation systems.

Ouster Launches Digital Lidar Perception Platform Ouster Gemini

CYNGN

SAN FRANCISCO--( BUSINESS WIRE )--Ouster, Inc. (NYSE: OUST) (“Ouster”), a leading provider of high-resolution digital lidar sensors, announced today that it has signed a strategic customer agreement with Cyngn (Nasdaq: CYN), a developer of innovative autonomous driving software solutions for industrial and commercial applications. The agreement will add Ouster's new REV7 digital lidar sensors to the Cyngn DriveMod platform that delivers autonomous solutions for both existing and new material handling vehicles in 2023.

Ouster and Cyngn Sign Strategic Agreement to Deliver Digital Lidar-Powered Autonomy Technology to Industrial Vehicles

NEW YORK , Nov. 7, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Velodyne Lidar, Inc. ("Velodyne" or the "Company") (NASDAQ: VLDR), in connection with the proposed merger of the Company with Ouster, Inc. ("Ouster") (NYSE: OUST). Under the terms of the merger agreement, the Company's shareholders will receive 0.8204 shares of Ouster common stock for each Velodyne share owned, representing implied per-share merger consideration of approximately $0.99 based upon Ouster's November 7, 2022 closing price of $1.21.

SHAREHOLDER ALERT: Weiss Law Investigates Velodyne Lidar, Inc.

Ouster, Inc. (NYSE:OUST ) Q3 2022 Results Conference Call November 7, 2022 5:00 PM ET Company Participants Sarah Ewing - Director of Investor Relations Angus Pacala - Chief Executive Officer Anna Brunelle - Chief Financial Officer Conference Call Participants Kevin Cassidy - Rosenblatt Andres Sheppard - Cantor Fitzgerald Tyler Bomba - Baird Brian Dobson - Chardan Capital Markets Richard Shannon - Craig-Hallum Operator Good afternoon and welcome to Ouster's Third Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise.

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