2024-03-27 08:00:00 ET
Summary
- Ouster reported strong 2023 Lidar bookings of $142 million.
- The company's Q1'24 revenue guidance exceeds consensus estimates, indicating solid growth in the Lidar sensor market.
- OUST stock only has a market cap of $200 million, barely above the bookings level for last year.
Ouster ( OUST ) continues to report improving results in the Lidar sensor sector, while the market generally ignores any of the better metrics in the business. The company reported strong bookings in 2023, not reflected by the weak stock price. My investment thesis remains ultra Bullish on the leading revenue generator in the domestic Lidar sensor space....
Read the full article on Seeking Alpha
For further details see:
Ouster: Built To Survive And Thrive