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.
Ouster Inc. (OUST) delivers cutting-edge lidar sensor technology powering autonomous vehicles, robotics, and smart infrastructure systems worldwide. This dedicated news hub provides investors and industry professionals with direct access to the company's official announcements and market developments.
Track critical updates including quarterly earnings, product innovations, and strategic partnerships that shape Ouster's position in the sensor technology landscape. Our curated feed ensures timely access to verified information about lidar advancements, industrial automation applications, and global expansion initiatives.
Discover comprehensive coverage of Ouster's technical milestones across automotive safety systems, drone navigation solutions, and smart city infrastructure projects. The repository maintains neutral, factual reporting on operational developments while excluding speculative analysis.
Bookmark this page for streamlined monitoring of OUST's progress in developing high-resolution digital lidar sensors and vision software critical to next-generation automation technologies.
Ouster reports a strong Q3 2021 with $7.8 million in revenue, a 31% year-over-year increase, and 24% gross margins, up from 18% a year prior. The company shipped over 1,630 sensors, marking a 127% rise year-over-year. Notably, Ouster has formed 62 Strategic Customer Agreements representing approximately $470 million in potential revenue. The net loss reduced to $13 million, improving from $20 million a year earlier, despite an adjusted EBITDA loss increase to $19 million, which includes acquisition expenses. The company reaffirms its FY 2021 revenue guidance of $33 to $35 million.
Ouster (NYSE: OUST) has launched the DF series, a suite of high-performance solid-state digital lidar sensors tailored for the automotive industry. This innovative platform promises reliability and affordability for automakers, with sensors designed for short, mid, and long-range applications. The DF series aims to meet stringent ADAS requirements and will begin consumer vehicle production in 2025. Ouster is currently shipping prototypes to OEMs and Tier 1 partners, positioning itself as a leading supplier in the lidar market.
Ouster, Inc. (NYSE: OUST) announced that CEO Angus Pacala and CFO Anna Brunelle will present at upcoming investor conferences. Key events include the Wolfe Research Industrial Growth & Technology Conference on
Ouster, a leader in digital lidar sensors, has secured a strategic agreement to supply over 1,000 lidar sensors to Local Motors for their autonomous shuttles, with a potential forecast of more than 20,000 sensors through 2025. This partnership aims to enhance Local Motors’ shuttle capabilities and performance while reducing the number of sensors needed. Both companies emphasize innovation and reliability. Ouster's lidar technology is essential for Local Motors’ Level 3 autonomous vehicles operating in various environments.
Ouster, Inc. (NYSE: OUST) has unveiled its most powerful lidar system on chip, the L2X, designed to enhance all-weather performance. The L2X chip offers a highly sensitive SPAD photodetector and on-chip digital signal processing, capable of counting over one trillion photons per second. This advancement delivers double the data rate of the prior system while maintaining a compact size and low power consumption. The update aims to improve sensor reliability in harsh conditions, benefiting around 600 customers across various industries.
Ouster, Inc. (NYSE: OUST) has signed a strategic agreement to supply hundreds of OS digital lidar sensors to Perrone Robotics, a leader in autonomous vehicle technology. This partnership aims to enhance Perrone's TONY® AV retrofit kits, making them adaptable across various vehicle types. The deal, expected to significantly support Perrone’s production and deployment capabilities, will leverage Ouster's high-resolution sensors to meet increasing demand from OEMs and end-customers globally. The deployment is set to impact commercial and municipal transportation efficiency positively.
Ouster has completed the acquisition of Sense Photonics, establishing Ouster Automotive to accelerate digital lidar adoption in vehicles. The acquisition involved around 10 million shares of Ouster stock. Key outcomes include a faster product roadmap, a major automotive OEM deal, and negotiations for over $1 billion in series production programs. Additionally, Ouster gains access to Sense’s significant intellectual property portfolio, enhancing its competitive position in the automotive sector.
Ouster, Inc. (NYSE: OUST) is set to report its financial results for Q3 2021 on November 8, 2021, after market close. The results will cover the period ending September 30, 2021, followed by a conference call at 5:00 p.m. ET to discuss details. Interested parties can register for the call or access it via a live webcast on Ouster's investor website. Ouster specializes in high-resolution digital lidar sensors serving industries like automotive and robotics, boasting around 600 customers across 50 countries.
Ouster, Inc. (NYSE: OUST) appointed Karin Rådström to its Board of Directors, bringing over 15 years of automotive experience from Scania and Daimler Truck AG. Rådström’s expertise in sales and marketing will support Ouster in enhancing its competitive position in the automotive market. Currently the CEO of Mercedes-Benz Trucks, she aims to drive the adoption of digital lidar technology for both consumer and commercial applications. Ouster believes her appointment will solidify its standing in autonomous technology.
Ouster (NYSE:OUST) has announced a definitive agreement to acquire Sense Photonics in an all-stock transaction. This acquisition aims to enhance Ouster's automotive capabilities by establishing Ouster Automotive, led by Sense's current CEO, Shauna McIntyre. The deal is projected to accelerate Ouster's solid-state lidar roadmap, enabling mass-market adoption in vehicles and strengthening competitive positions with over 100 patents from Sense. Financially, Ouster anticipates net-neutral cash impacts in 2022, with potential revenue from ongoing automotive negotiations exceeding $1 billion.
