2024-05-13 06:53:51 ET
Summary
- Ouster's strategic decision to focus on markets beyond consumer auto ADAS has proven successful, with the company experiencing significant growth and financial stability.
- Ouster delivered its best quarter ever, with Q2 revenue forecasted to be another record. The company's operating cash flow consumption was significantly lower than its competitors.
- Ouster is positioned as a leader in the lidar industry, with strong revenue estimates, limited cash spent, and a clear path to profitability. The company's value is improving in the market.
Background
Many, including competitors, have been dubbing Ouster ( OUST ) as the company for forklifts and delivery carts. LiDAR has, and frankly still is, synonymous with a "trendy" consumer auto ADAS for most investors in this sector, labeling anything else unattractive. Until now, the pursuit of brand OEM and the expectation of scale, measured in billions by a so-called order book, have garnered the most attention and the most significant market capitalizations....
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Ouster: A Best-In-Class LIDAR Company