The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Ouster, Inc. (OUST) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Ouster, Inc. is a member of our Computer and Technology group, which includes 618 different companies and currently sits at # ...

1 TE metamorworks Before we start our article, we would like to thank Robert Dydo for his successful calls on Ouster. His comprehensive analysis and outstanding research played a key role in bringing Ouster to our attention, which led us to initiate coverage on this stock. Strong Q1 Earnings, Stock Jumps 20% Ouster (NYSE: OUST) reported its Q1 2024 results on May 10th 2024. Earnings were very positive as revenue increased 51% to $26 million, exceeding expetations. The market liked the results, and the stock ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _______________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39463 _______________________ Ouster, Inc. (Exact name of registrant as specified in its charter) _____ ...

Ouster, Inc. (NYSE:OUST) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Chen Geng - VP, Strategic Finance and Treasurer Angus Pacala - CEO Mark Weinswig - CFO Conference Call Participants Madison De Paola - Rosenblatt Shadi Mitwalli - Craig-Hallum Itay Michaeli - Citi Kevin Garrigan - WestPark Capital Operator Hello, and welcome to Ouster's First Quarter 2024 Earnings Conference Call. [Operator Instructions] The call today is being recorded, and a replay of the call will be ava ...

Ouster Announces Record Revenue and Margin for First Quarter 2024 Record revenue of $26 million, up 51% year over year GAAP gross margin of 29% and record non-GAAP gross margin of 36% SAN FRANCISCO, CA – May 9, 2024 at 4:15 PM ET – 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 three months ended M ...

Ouster, Inc. (OUST) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power ...

Merger and Acquisition - The company completed a merger with Velodyne Lidar, Inc. on February 10, 2023, enhancing its product offerings and operational efficiencies[298]. - The company completed its merger with Velodyne Lidar, Inc. for an acquisition price of $306.6 million on February 10, 2023[383]. - The company recorded $2.5 million of hardware developed technology and $5.4 million of customer relationships as part of the merger[383]. - The company completed the Velodyne Merger on February 10, 2023, with an acquisition price of $306.6 million, which included $8.6 million for the Amazon Warrant[465]. - Total identifiable net assets from the Velodyne Merger were valued at $191.1 million, with goodwill recorded at $115.5 million[467]. - Velodyne revenue for the period from February 10, 2023, to December 31, 2023, was $29.0 million[471]. Financial Performance - Revenue increased by $42.3 million, or 103%, to $83.3 million for the year ended December 31, 2023, compared to $41.0 million in 2022, driven primarily by the Velodyne Merger which contributed $29.0 million[326]. - Total revenue for 2023 was $83,279,000, representing a 103% increase from $41,029,000 in 2022[390]. - The net loss for 2023 was $374,110,000, compared to a net loss of $138,560,000 in 2022, reflecting an increase in losses of approximately 170%[390]. - The net loss for the Company in 2023 was $372.7 million, compared to a net loss of $326.3 million in 2022, indicating a 14.2% increase in losses[471]. - Gross profit decreased to $8.3 million, representing a gross margin of 10% for 2023, down from a gross profit of $10.9 million and a gross margin of 27% in 2022[323][330]. - The company expects to continue experiencing significant operating losses and negative cash flows from operations in the foreseeable future[403]. Expenses and Costs - Research and development expenses rose by $26.9 million, or 42%, to $91.2 million in 2023, largely due to increased headcount-related expenses from the Velodyne Merger[332]. - Sales and marketing expenses increased by $10.8 million, or 35%, to $41.6 million in 2023, primarily driven by headcount-related expenses from the Velodyne Merger[333]. - General and administrative expenses grew by $20.8 million, or 34%, to $82.0 million in 2023, influenced by increased headcount-related expenses and litigation costs associated with the Velodyne Merger[334]. - Total operating expenses surged by $225.2 million, or 144%, to $381.5 million in 2023, reflecting the impact of the Velodyne Merger[331]. - Stock-based compensation increased to $57,725 in 2023 from $33,321 in 2022, reflecting higher expenses related to employee compensation[394]. Cash Flow and Liquidity - Cash used in operating activities for the year ended December 31, 2023 was $(137.9) million, compared to $(110.7) million in 2022, reflecting a worsening cash flow situation[354]. - Cash provided by financing activities in 2023 was $15.7 million, a significant decrease from $55.6 million in 2022, primarily due to lower proceeds from stock issuance[357]. - Cash and cash equivalents decreased to $50,991,000 in 2023 from $122,932,000 in 2022, a decline of about 59%[389]. - The company reported a total of $191.8 million in cash, cash equivalents, restricted cash, and short-term investments as of December 31, 2023[402]. - The company anticipates requiring additional capital to execute its business plan and may need to reduce discretionary spending if cash flows do not improve[403]. Assets and Liabilities - Total assets increased to $330,743,000 in 2023, up from $256,137,000 in 2022, marking a growth of about 29%[389]. - Total liabilities rose to $151,071,000 in 2023, compared to $84,518,000 in 2022, which is an increase of approximately 78%[389]. - Stockholders' equity increased to $179,672,000 in 2023, slightly up from $171,619,000 in 2022, showing a growth of about 5%[389]. - The company has recorded a full valuation allowance against its deferred tax assets due to a history of operating losses as of December 31, 2023[459]. Market and Strategic Focus - The company anticipates a multibillion dollar total addressable market (TAM) for its lidar solutions, particularly in industrial automation, smart infrastructure, robotics, and automotive sectors[307]. - The company aims to expand its international presence, viewing it as a key strategy for revenue growth and profitability[309]. - The company has invested heavily in patents, creating significant barriers to entry for competitors in the digital lidar space[294]. - The company plans to integrate its next-generation L4 custom silicon chip into its OS sensor family, which is expected to improve range, field of view, and manufacturability[306]. Risks and Challenges - The company is exposed to market risks primarily due to fluctuations in interest rates and foreign currency exchange rates[366]. - General inflation has negatively impacted the company's operating costs and may affect customer purchasing behavior[367]. - The company has not engaged in any hedging strategies to manage foreign currency exchange rate risks[371]. - The company expects R&D expenses as a percentage of revenue to decrease over time as the business grows, despite absolute R&D costs continuing to rise[315].

Ouster, Inc. (NYSE:OUST) Q4 2023 Earnings Conference Call March 26, 2024 5:00 PM ET Company Participants Chen Geng - Vice President, Strategic Finance and Treasurer Angus Pacala - Chief Executive Officer Mark Weinswig - Chief Financial Officer Conference Call Participants Andres Sheppard - Cantor Fitzgerald Brian Dobson - Chardan Capital Markets Kevin Cassidy - Rosenblatt Securities Shadi Mitwalli - Craig-Hallum Kevin Garrigan - WestPark Capital Operator Hello, and welcome to Ouster's Fourth Quarter 2023 Ea ...

March 26, 2024 OUST NYSE Disclaimers Use of Estimates Trademarks and Copyrights 2 3 Message from the CEO We continued to advance our core mission of making the physical world safer and more efficient. We scaled production and shipments of REV7, added new revenue streams with the introduction of Ouster Gemini and Blue City, and demoed our first DF sensors with customers. Our digital lidar technology, complemented by a suite of AI-powered software solutions, supports our uniquely diversified business model an ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _______________________ (Mark One) ☒ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39463 _______________________ Ouster, Inc. (Exact name of registrant as specified in its charter) _______________________ (State or other jurisdiction of incorporation) Delaware 86-2528989 (I.R.S. Employer Identification No.) 350 Treat Avenue ...