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Ouster, Inc. (NYSE: OUST) is a global leader in high-resolution digital lidar sensors and software solutions, serving industries such as automotive, industrial, robotics, and smart infrastructure. The company designs and manufactures advanced 3D vision technologies, including scanning and solid-state digital lidar sensors, which enable safe operation and autonomy for vehicles, robots, and infrastructure. Ouster also offers perception software to enhance detection, classification, and tracking capabilities, providing innovative solutions for its target markets.
- Robotics - Develops lidar solutions that enhance navigation and operational capabilities for autonomous robots, contributing significantly to revenue growth.
- Automotive - Provides lidar sensors for advanced driver-assistance systems (ADAS) and autonomous vehicles, achieving record quarterly revenue in Q1 2024.
- Industrial - Supplies lidar technologies to support automation in manufacturing and logistics environments.
- Smart Infrastructure - Offers lidar-based solutions for real-time monitoring and analytics in urban environments, enabling safer and more efficient infrastructure management.
- Gemini Software - Enhances detection and tracking accuracy by creating seamless 3D views of object movement, with up to ten times more coverage than camera-based systems.
| Name | Position | External Roles | Short Bio | Start Date |
|---|---|---|---|---|
Angus Pacala ExecutiveBoard | Co-Founder, CEO, and Director | None | Co-founded Ouster in June 2015. Previously Director of Engineering at Quanergy, Inc. and Battery Engineer at Amprius, Inc. Holds B.S. and M.S. in mechanical engineering from Stanford University. | June 2015 |
Chen Geng Executive | Interim CFO | None | Joined Ouster in July 2021. Previously VP, Strategic Finance & Treasurer. Appointed Interim CFO effective January 31, 2025. | July 2021 |
Darien Spencer Executive | COO | None | Joined Ouster in July 2017 as EVP of Global Operations, promoted to COO in February 2023. Played a critical role in scaling Ouster's operations. | July 2017 |
Mark Frichtl Executive | Co-Founder and CTO | None | Co-founder and CTO since June 2015. Previously worked at Apple, Inc. and Quanergy, Inc. Holds B.S. in engineering physics and M.S. in mechanical engineering from Stanford University. | June 2015 |
Megan Chung Executive | General Counsel and Secretary | None | Current General Counsel and Secretary. No specific start date or achievements detailed in documents. | N/A |
Christina Correia Board | Director | None | Elected to the Board on November 4, 2024, and serves on the Audit Committee. | November 2024 |
Ernest E. Maddock Board | Director | Director at Ultra Clean Holdings Inc., Avnet, and Teradyne | Board member since February 2023. Extensive background in finance and operations within high-tech businesses. | February 2023 |
Stephen Skaggs Board | Director | None | Elected to the Board on November 4, 2024, and serves on the Compensation Committee. | November 2024 |
Susan Heystee Board | Vice Chair of the Board | Director at revVana Inc. and ChargePoint, Inc. | Board member since September 2018. Held several key positions including Chair of the Board and Interim Chief Revenue Officer. | September 2018 |
Theodore L. Tewksbury Board | Chair of the Board | Director at MaxLinear, Inc. | Joined Ouster's Board in February 2023, became Chair in April 2024. Extensive experience in technology and semiconductor industries. | February 2023 |
Virginia Boulet Board | Director | Director at W&T Offshore, Inc. | Director since February 2023. Extensive experience in representing public and private technology companies. | February 2023 |
- Despite reporting a record revenue of $28 million in Q3 , sensor shipments declined sequentially for the second straight quarter ; can you explain the reasons behind this decline in sensor shipments and how it affects your outlook for future revenue growth?
- Operating expenses increased 11% sequentially due to higher litigation expenses of $4 million ; can you provide details on the nature of these litigation costs and their expected impact on your operating expenses and profitability going forward?
- You have set a long-term goal of achieving 30% to 50% annual revenue growth , yet your revenue guidance for Q4 is only $29 million to $31 million ; what specific strategies are you implementing to accelerate growth and meet this ambitious target?
- While you have reached your target gross margin of 35% to 40% in Q3 , there's mention of potential variability due to customer shipment schedules and product mix ; how confident are you in maintaining these margins, and what steps are you taking to mitigate risks that could cause fluctuations?
- With the development of your next-generation L4 and Chronos chips expected to unlock new verticals , can you provide more insight into the timeline for their commercialization and the anticipated contributions to revenue and profitability in the coming quarters?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Velodyne Lidar, Inc. | 2023 | The merger was completed on February 10, 2023 through a two-step process whereby each Velodyne share converted into 0.8204 shares of Ouster common stock, resulting in roughly 50/50 ownership and about 193.9 million shares issued, with key strategic benefits including an enhanced product suite, broader customer base, reduced production costs, and improved financial positioning along with notable terms such as the Amazon warrant. |