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].

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 ...

Financial Data and Key Metrics - Q3 2023 revenue reached a record $22.2 million, a 15% increase over Q2 2023 [8] - GAAP gross margins improved to 14% in Q3 2023, while non-GAAP gross margins reached 33%, up significantly from the prior quarter [10][11] - Operating expenses were lower than expected due to cost reduction efforts, with annualized cost savings exceeding $120 million [13][19] - Cash, cash equivalents, restricted cash, and short-term investments totaled $202 million as of September 30, 2023 [14] Business Line Data and Key Metrics - Automotive, industrial, robotics, and smart infrastructure each accounted for approximately 25% of Q3 2023 revenue [8] - Over 3,300 sensors were shipped in Q3 2023, with ASPs increasing slightly sequentially [9] - Software revenue grew, contributing to higher gross margins, with over 375 licensed sites and millions in software-coupled sales [50][52] Market Data and Key Metrics - Bookings in Q3 2023 totaled $38 million, with a book-to-bill ratio of 1.7, and an average of 2.0 over the last three quarters [8][9] - Strong demand in mapping, automotive, and smart infrastructure verticals, with key customers tripling purchases for 2024 [29][30] - Industry analysts forecast a 40%+ CAGR for logistics, smart infrastructure, and non-automotive ADAS applications from 2023 to 2026 [31] Company Strategy and Industry Competition - The company aims for 30% to 50% annual revenue growth, 35% to 40% gross margins, and operating expenses at or below Q3 2023 levels [1][17] - Integration of Velodyne products and manufacturing transition to Thailand are expected to improve margins and operational efficiency [23][26] - The company is focusing on expanding its software ecosystem and leveraging its digital lidar roadmap to drive adoption and revenue growth [44][60] Management Commentary on Operating Environment and Future Outlook - Management highlighted strong demand and improved product mix as key drivers of Q3 performance, with expectations for continued growth in Q4 [3][4] - The company is optimistic about the lidar market, particularly in non-ADAS applications, and sees automotive ADAS as a major growth catalyst [31][32] - Management emphasized the importance of cost management and operating leverage to achieve profitability [21][26] Other Important Information - The company refinanced its term loan, resulting in lower interest expenses and increased financial flexibility [15] - Significant progress was made in integrating Velodyne, including cost savings and product transition, with most integration activities completed [16][22] - The company expects GAAP and non-GAAP results to converge as integration-related expenses normalize [12] Q&A Session Summary Question: How much visibility does the order backlog provide? - The company has strong visibility into future growth, supported by a 1.7 book-to-bill ratio in Q3 and over $100 million in bookings for 2023 [63] Question: What do customers like about the DF sensor compared to competitors? - Customers appreciate the compact, rugged, digital, and solid-state design of the DF sensor, which aligns with the industry's move toward solid-state digital architecture [77] Question: Can you provide more details on software bookings and revenue expectations? - The company has seen strong bookings for its Gemini and Blue City software platforms, with multi-million dollar deals and expectations for recurring revenue growth [76][81]

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 June 30, 2023 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) Q2 2023 Earnings Conference Call August 10, 2023 5:00 PM ET Company Participants Sarah Ewing - Director, IR Angus Pacala - CEO Mark Weinswig - CFO Conference Call Participants Andres Sheppard - Cantor Fitzgerald Kevin Garrigan - WestPark Capital Greg Pendy - Chardan Richard Shannon - Craig-Hallum Operator Good afternoon, and welcome, everyone, to Ouster's Second Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After today's presen ...

Forward-Looking Statements Unless otherwise indicated, information contained in this presentation concerning our industry, competitive position and the markets in which Ouster operates is based on information from independent industry and research organizations, other third-party sources and management estimates. Management estimates are derived from publicly available information released by independent industry analysts and other third-party sources, as well as data from our internal research, and are bas ...

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, 2023 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 2023 Earnings Conference Call May 11, 2023 5:00 PM ET Company Participants Sarah Ewing - Director, Investor Relations Angus Pacala - Chief Executive Officer Mark Weinswig - Chief Financial Officer Conference Call Participants Kevin Cassidy - Rosenblatt Tristan Gerra - Baird Brian Dobson - Chardan Capital Markets Kevin Garrigan - WestPark Capital Richard Shannon - Craig-Hallum Capital Group Itay Michaeli - Citi Andres Sheppard - Cantor Fitzgerald Operator Good afternoon and welco ...