Ouster Inc - Ordinary Shares - Class A Stock News

Ouster set a new revenue record in Q3, achieving a 38% gross margin and clearing its debt, with a projected 35% growth for 2024. Ouster's strength lies in its diversified revenue streams, including software sales, and its leadership in the non-ADAS LiDAR market. The company has a pristine balance sheet, with $154M in cash, and is the only Western LiDAR company with significant sensor sales volume.

Ouster, Inc. (NYSE:OUST ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Chen Geng - Vice President of Strategic Finance, and Treasurer Angus Pacala - Chief Executive Officer Mark Weinswig - Chief Financial Officer Conference Call Participants Kevin Garrigan - Rosenblatt Securities Operator Hello and welcome to Ouster's Third Quarter 2024 Earnings Conference C...

SAN FRANCISCO--(BUSINESS WIRE)---- $OUST--Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading global provider of high-performance lidar sensors and software solutions for the automotive, industrial, robotics, and smart infrastructure industries, announced today financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights $28 million in revenue, up...

SAN FRANCISCO--(BUSINESS WIRE)---- $OUST--Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-performance lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries, announced today that it will report its financial results for the third quarter ended September 30, 2024 after the market closes on Thursday, November 7, 2024 and host ...

The House China Select Committee and Department of Commerce propose bans on Chinese LiDAR and connected vehicle technology, posing challenges and opportunities for Western companies like Ouster. Ouster could benefit from the U.S. Department of Transportation's infrastructure bill, leveraging its Blue City platform and digital flash sensor technology. Chinese companies like Hesai and Robosense d...

Ouster Inc. leads the LIDAR market post-Velodyne merger, with potential profitability driven by autonomous vehicles and automation trends. The product portfolio includes high-resolution and solid-state digital LIDAR sensors, with applications in automotive ADAS and industrial automation.

SAN FRANCISCO--(BUSINESS WIRE)---- $OUST--Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading global provider of high-performance lidar sensors and software solutions for the automotive, industrial, robotics, and smart infrastructure industries, announced today that its Blue City traffic management solution successfully passed the requirements of NEMA TS2 as a detection system for ...

Ouster, Inc. delivered record results in Q2 with revenue of $26.99M, but the stock sold off due to weak guidance. Despite the selloff, Ouster remains on track for steady growth and profitability, with strong gross margins and cash reserves. Analyst predicts Ouster to reach cash flow positive and profitability by 2026, setting a price target of $23 per share for 2025.