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Ouster, Inc. (symbol: OUST) is a leading provider of advanced lidar sensors, catering to diverse industries such as automotive, industrial, robotics, and smart infrastructure. Founded with a vision to revolutionize autonomous vehicles and drones, Ouster develops high-performance sensor hardware and cutting-edge vision algorithms. The company's state-of-the-art products include high-resolution scanning and solid-state digital lidar sensors, complemented by their Velodyne Lidar sensors and sophisticated software solutions.
Ouster's commitment to innovation is evident as they continuously strive to push the boundaries in sensor technology. Their team of versatile engineers is dedicated to advancing autonomous systems that can navigate and thrive in the complexities of the real world. From coding to hardware development, every team member contributes to accelerating the reality of self-driving cars and drones.
Operating across the Americas, Asia and Pacific, Europe, Middle East, and Africa regions, Ouster derives the majority of its revenue from the Americas. Their strategic partnerships and ongoing projects highlight their significance in the industry.
Stay updated with the latest news and developments from Ouster, Inc., as they continue to lead the charge in transforming the future of autonomous technology.
Ouster, Inc. (NYSE: OUST) has achieved Buy America and Buy American certifications for its digital lidar sensors produced in its San Francisco facility. These certifications enable U.S. federal, state, and municipal agencies, along with private customers, to utilize Ouster’s technology in federally funded projects. With over 80% of local transportation projects relying on federal funding, this positions Ouster advantageously for future infrastructure investments. The certifications are expected to enhance Ouster's competitive edge and scalability in supplying lidar technology to government projects.
Ouster, Inc. (NYSE: OUST) has entered a strategic agreement with PARIFEX to provide its OS1 lidar sensors for speed enforcement systems in France. This collaboration includes the potential supply of 500 sensors through 2025. Ouster's sensors will enhance PARIFEX's existing technology, which is already approved for speed measurement by the French Ministry of Interior. The partnership aims to improve traffic control and safety in urban areas, capitalizing on the growing demand for smart city solutions.
Ouster, Inc. (NYSE: OUST) will be added to the U.S. Small-Cap Russell 2000® Index on June 25, enhancing its visibility among institutional investors. The inclusion reflects Ouster's strong revenue performance and growth momentum. Membership in the Russell 2000® Index lasts for a year, contributing to Ouster's strategy to diversify its shareholder base. Approximately $9 trillion in assets are benchmarked against Russell indexes, showcasing its significance in the investment community. Ouster is recognized for its high-resolution digital lidar sensors used across various industries.
Ouster (NYSE: OUST), a leader in high-resolution digital lidar sensors, announced upcoming virtual presentations by CEO Angus Pacala and CFO Anna Brunelle at several investor conferences. Key dates include:
- J.P. Morgan Lidar Day: May 27, 2021, 12:00 PM ET
- Craig-Hallum Conference: June 2, 2021 (1x1 meetings only)
- Needham Auto Tech Day: June 8, 2021 (time not available)
- UBS Conference: June 9, 2021, 3:00 PM ET
- Baird Conference: June 10, 2021, 11:25 AM ET
- Deutsche Bank Conference: June 16, 2021, 11:50 AM ET
- Credit Suisse Forum: June 22, 2021 (1x1 meetings only)
Ouster (NYSE: OUST) has signed a strategic agreement with Balyo, aimed at deploying its OS0 ultra-wide view 3D digital lidar sensor on Balyo's robotic forklifts. This collaboration is expected to enhance automation capabilities, including improved 3D localization, smart safety features, and efficient navigation. Balyo's decision to upgrade from 2D to 3D lidar underscores the growing market for autonomous forklifts, which currently see less than 1% of pallets moved by intelligent machines. This partnership positions Ouster to capitalize on the rising demand for advanced robotics in industrial settings.
Ouster, Inc. (NYSE: OUST) has appointed Nathan Dickerman as President of Field Operations to enhance lidar adoption across its markets. Dickerman, previously Chief Commercial Officer at Planet Labs, will lead global sales, marketing, and customer success initiatives. The company has expanded its sales team by 50% in 2021 to meet growing demand for digital lidar, serving over 500 customers worldwide. CEO Angus Pacala expressed confidence in Dickerman's ability to drive growth and expand Ouster's market leadership.
Ouster, a leader in digital lidar sensors, reported a significant 187% increase in revenue for Q1 2021, totaling $6.6 million. The company shipped 978 sensors, marking a 240% increase year-over-year. Ouster signed 40 strategic customer agreements, projecting over $385 million in potential revenue. The gross margin for Q1 was 26%, aligning with guidance. For 2021, Ouster anticipates total revenues between $33 million and $35 million. CEO Angus Pacala highlighted strong competitive positioning and customer insights driving growth.
Ouster, a leader in high-resolution digital lidar sensors for various industries, announced that CEO Angus Pacala and CFO Anna Brunelle will present at several upcoming investor conferences.
Important Dates:
- Citi 2021 Car of the Future Virtual Symposium: May 12, 2021, 10:15 AM ET
- Citi Regional Tech Conference: May 20, 21, 24, 2021 (1x1 Meetings Only)
- Mizuho Auto Technology Seminar: May 25, 2021, 3:30 PM ET
Ouster will also report its Q1 financial results on May 6, 2021, followed by a conference call at 5:00 PM ET.
Runway Growth Credit Fund provided a robust operational update for Q1 2021, reporting $53.3 million in loans and investments to both new and existing companies. The Fund's portfolio reached $546.6 million with 22 companies across tech and life sciences sectors. Key disbursements included a $25 million loan to Allurion Technologies and a $20 million loan to Bombora. The Fund also noted $15.5 million in partial liquidity events, including loan repayments from 3DNA Corp. and Ouster, Inc. The outlook for loan demand remains positive as the market stabilizes.
Ouster, Inc. (NYSE: OUST) will report its financial results for the first quarter ending March 31, 2021, on May 6, 2021, after market close. A conference call is scheduled for 5:00 PM ET to discuss the results. Interested participants can register for the call online. Ouster specializes in high-resolution digital lidar sensors utilized in various industries, including automotive and robotics. The company has already engaged hundreds of customers integrating its lidar technology into upcoming products.
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