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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) expands its commercial operations into Japan and South Korea, aiming to enhance the adoption of its high-resolution digital lidar sensors. The company appointed Michael Mozzhechkov and Stephen Kim as Heads of Sales in their respective countries to drive local customer engagement. Ouster's strategic move seeks to address growing demand in the industrial and robotics sectors, with partnerships already established with key distributors and software integration firms. The company has a broad customer base and is positioned to capture further market opportunities in the Asia-Pacific region.
Ouster, Inc. (NYSE: OUST) has established an Advisory Board to enhance its strategic direction and relationships in the lidar industry. This Board comprises leading figures with extensive experience in Ouster's target markets, aiming to support the company's growth strategy and market positioning. The Board members include executives from Siemens, American Honda, and other notable firms, tasked with providing counsel and leveraging their networks. CEO Angus Pacala expresses confidence that the Advisory Board will bolster Ouster's capabilities to capture its multi-billion dollar addressable market.
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.
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