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OUST News and Press, Ouster Inc. From 05/11/23

Stock Information

Company Name: Ouster Inc.
Stock Symbol: OUST
Market: NYSE
Website: ouster.com

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OUST - OusterEPS of -$6.03, revenue of $17.23M misses by $0.07M

2023-05-11 17:06:32 ET Ouster press release ( NYSE: OUST ): Q1 EPS of -$6.03 may not be comparable to consensus of -$0.84. Net loss increased to $177 million in the first quarter of 2023 primarily due to the non-cash goodwill impairment charges of $99 million and higher op...

OUST - Ouster pops after lidar deal with robotaxi specialist Motional is announced

2023-05-11 16:22:11 ET Ouster ( NYSE: OUST ) announced on Thursday that it was selected by Motional to be the exclusive provider of long-range lidar sensors for all the company's all-electric IONIQ 5-based robotaxis. The serial production agreement will see Ouster supp...

OUST - Ouster Exceeds Q1 2023 Revenue Guidance; Increases Target for Merger Cost Synergies

Over $17 million in revenue and $33 million in bookings in the first quarter 2023 Shipped REV7 sensors to over 110 customers in the first quarter 2023 Now targeting annualized merger cost synergies of between $80 and $85 million Ouster, Inc. (NYSE: OUST) (“Ous...

OUST - Ouster Awarded Production Win by Motional to be the Exclusive Supplier of Long-Range Lidar for its Autonomous Vehicles

Ouster’s Alpha Prime™ sensors will be the long-range lidar for Motional’s all-electric IONIQ 5 robotaxis Ouster, Inc. (NYSE: OUST), a leading provider of high-performance lidar sensors, announced today that Motional , a global leader in driverless technology...

OUST - Ouster Q1 2023 Earnings Preview

2023-05-10 17:35:27 ET Ouster ( NYSE: OUST ) is scheduled to announce Q1 earnings results on Thursday, May 11th, after market close. The consensus EPS Estimate is -$0.84 and the consensus Revenue Estimate is $17.3M (+179.9% Y/Y). Over the last 2 years, OUST has beate...

OUST - Luminar Technologies posts wider than expected loss, eyes rapid revenue growth

2023-05-09 16:19:39 ET Luminar Technologies ( NASDAQ: LAZR ) shares see-sawed in after hours trading on Tuesday as accelerating sales were balanced by widening losses. The Florida-based auto tech company reported a $0.24 per share loss for the quarter, wider than the $0....

OUST - Hesai Group: A Mixed View

2023-04-25 12:48:04 ET Summary Hesai Group's key investment merits are the strong growth potential of the ADAS LiDAR market and the company's chance to secure new business with international customers. The key negatives for Hesai Group are the potential for gross margin compressio...

OUST - Ouster CEO says stock is 'misunderstood', eyes upside post Velodyne merger

2023-04-21 12:00:19 ET Ouster ( NYSE: OUST ) CEO Angus Pacala took time to chat with Seeking Alpha to discuss the prospects for the company moving forward in the always-active LiDAR industry. While shares of the company he helms have slumped since going public via a SPAC merger,...

OUST - Ouster effects 1-for-10 reverse stock split

2023-04-20 16:16:05 ET Lidar sensors company Ouster ( NYSE: OUST ) said on Thursday that its previously announced 1-for-10 reverse stock split has become effective at 4:01 PM ET April 20. The company had announced the reverse stock split on April 10. The shares will be...

OUST - Ouster's 1-for-10 Reverse Stock Split Becomes Effective

The Company's common stock will begin trading on a split-adjusted basis on April 21, 2023 Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-performance lidar sensors for the automotive, industrial, robotics, and smart infra...

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