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Ouster, Inc. - OUST STOCK NEWS

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. (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.

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Ouster reports over $19 million in revenue and $43 million in bookings in Q2 2023. Gross margins improved to 1%. Net loss reduced to $123 million. Now targeting annualized cost savings of over $110 million by Q4 2023. Expecting $20-22 million in revenue for Q3 2023.
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Ouster, Inc. (NYSE: OUST) will report its Q2 2023 financial results on August 10, 2023. The company is a leading provider of high-resolution digital lidar sensors for various industries. A conference call will be held at 5:00 p.m. ET on the same day to discuss the results.
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The U.S. International Trade Commission (ITC) will investigate Hesai Group for infringing on five Ouster patents related to lidar technology. Ouster has filed a complaint requesting a limited exclusion order and a cease and desist order against Hesai to ban the importation of infringing lidar devices into the United States.
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Ouster, Inc. reported over $17 million in revenue and $33 million in bookings in Q1 2023. They shipped over 3,000 sensors and achieved a non-GAAP gross margin of 25%. Net loss increased to $177 million primarily due to non-cash charges and operating losses associated with the Velodyne merger. Ouster expects to realize annualized cost synergies of $80 to $85 million. They also provided updates on their business objectives and announced partnerships with Motional and BlueCity.
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Ouster, Inc. (NYSE: OUST) has announced the effective date of its 1-for-10 reverse stock split, which occurred on April 20, 2023. Trading on a split-adjusted basis will commence on April 21, 2023. This reverse split consolidates every 10 shares into one and adjusts the exercise terms for outstanding warrants. No fractional shares will be issued; they will be rounded up to the nearest whole share. The exercise price for warrants will also be proportionally adjusted. Ouster aims to enhance shareholder value by improving its stock price and maintain its commitment to delivering high-performance lidar sensors across various industries.

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Ouster, Inc. (NYSE: OUST) will report its Q1 2023 financial results on May 11, 2023, after market close. The company specializes in high-resolution digital lidar sensors for various industries, including automotive and robotics. A conference call will take place the same day at 5:00 p.m. ET to discuss the results. Interested parties can register for the call via the company's website or listen to a live webcast. Additionally, a replay will be available for 30 days on Ouster’s investor page. Ouster aims to promote a safer and sustainable future through affordable sensors, supporting over 850 customers across approximately 50 countries.

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FAQ

What is the current stock price of Ouster (OUST)?

The current stock price of Ouster (OUST) is $11.98 as of December 20, 2024.

What is the market cap of Ouster (OUST)?

The market cap of Ouster (OUST) is approximately 546.5M.

What does Ouster, Inc. specialize in?

Ouster, Inc. specializes in advanced lidar sensors and vision algorithms for industries like automotive, industrial, robotics, and smart infrastructure.

What products does Ouster offer?

Ouster offers high-resolution scanning lidar sensors, solid-state digital lidar sensors, Velodyne Lidar sensors, and software solutions.

In which regions does Ouster operate?

Ouster operates in the Americas, Asia and Pacific, Europe, Middle East, and Africa regions.

What is the primary source of revenue for Ouster?

Ouster derives the majority of its revenue from the Americas.

What kind of projects is Ouster involved in?

Ouster is involved in projects related to autonomous cars and drones, focusing on high-performance sensors, localization, object detection, tracking, and classification.

Who makes up the team at Ouster?

Ouster's team is composed of versatile engineers who work on both software and hardware development, aiming to advance robotics and autonomous systems.

What industries benefit from Ouster's lidar technology?

Industries such as automotive, industrial, robotics, and smart infrastructure benefit from Ouster's advanced lidar technology.

What is unique about Ouster's development approach?

Ouster's engineers wear many hats, contributing to both coding and hardware, and focus on building systems that can handle real-world complexities.

How does Ouster contribute to the future of autonomous vehicles?

Ouster develops high-performance sensors and vision algorithms that are crucial for the advancement of autonomous vehicles, aiming to make self-driving cars and drones a reality sooner.

Where can I find the latest updates on Ouster, Inc.?

You can find the latest updates and news about Ouster, Inc. (OUST) on their official website and various financial news platforms.

Ouster, Inc.

NYSE:OUST

OUST Rankings

OUST Stock Data

546.48M
46.93M
8.66%
43.64%
9.64%
Electronic Components
General Industrial Machinery & Equipment, Nec
Link
United States of America
SAN FRANCISCO