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Ouster (OUST)

Ouster invented its digital lidar in 2015 and is a leading manufacturer of high-resolution digital lidar sensors used throughout the industrial automation, smart infrastructure, robotics, and automotive industries. Ouster’s sensors are reliable, compact, affordable and highly customizable, laying the foundation for digital lidar ubiquity across endless applications and industries. Already hundreds of customers have incorporated Ouster lidar sensors in current products or those in development for imminent commercial release.

Company profile

Ticker
OUST, OUST-WT
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Former names
Colonnade Acquisition Corp.
SEC CIK
Subsidiaries
Ouster Hong Kong Limited • Ouster (Suzhou) Intelligent Technology Co., Ltd. • Ouster (Thailand) Co., Ltd. • Ouster Canada Limited • Ouster France SAS • Ouster UK Limited • Ouster Netherlands, B.V. ...

OUST stock data

Analyst ratings and price targets

Last 3 months

Calendar

5 Aug 22
4 Oct 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jun 22 Mar 22 Dec 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 161.77M 161.77M 161.77M 161.77M 161.77M 161.77M
Cash burn (monthly) 341K 6.64M 11.06M 10.78M 11.19M 8.18M
Cash used (since last report) 1.08M 21.05M 35.09M 34.2M 35.48M 25.93M
Cash remaining 160.69M 140.72M 126.69M 127.57M 126.29M 135.84M
Runway (months of cash) 471.2 21.2 11.5 11.8 11.3 16.6

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Sep 22 Darien Spencer Common Stock Sell Dispose S No No 1.2286 2,499 3.07K 1,611,151
16 Sep 22 Anna Brunelle Common Stock Sell Dispose S No No 1.2286 3,108 3.82K 2,349,390
13 Sep 22 Nathan Dickerman Common Stock Sell Dispose S No Yes 1.3029 43,733 56.98K 920,986
12 Sep 22 Darien Spencer Common Stock Sell Dispose S No No 1.3724 8,678 11.91K 1,613,650
12 Sep 22 Nathan Dickerman Common Stock Sell Dispose S No No 1.3724 26,629 36.55K 964,719
10 Aug 22 Adam Dolinko Common Stock Grant Acquire A No No 0 158,064 0 766,760
22.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 3 3
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 80.72M 80.72M
Total shares 44.87M 44.87M
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Kantheti Krishna 26.08M $0 0.0%
Cox Investment 12.07M $0 0.0%
Goldfield Jacob 6.73M $80.72M 0.0%
Largest transactions Shares Bought/sold Change
Goldfield Jacob 6.73M 0 0.0%
Kantheti Krishna 26.08M 0 0.0%
Cox Investment 12.07M 0 0.0%

Financial report summary

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Risks
  • Adverse conditions in the industries we target or the global economy more generally could have adverse effects on our results of operations.
  • We have been and may in the future become involved in legal and regulatory proceedings and commercial or contractual disputes, which could have a material adverse effect on our profitability and consolidated financial position.
  • We may not be able to adequately protect or enforce our intellectual property rights or prevent competitors or other unauthorized parties from copying or reverse engineering our technology.
  • Claims that we are infringing third-party intellectual property, whether successful or not, could subject us to costly and time-consuming litigation or expensive licenses, and adversely affect our business.
Management Discussion
  • Product revenue increased by $16.7 million, or 99%, to $33.6 million for the year ended December 31, 2021 from $16.9 million for the prior year. The increase in product revenue was driven by an increase in volume of 202%, which we attribute primarily to the expansion of our sales team and the increase of high volume, long-term deals as some of our customers begin to move into the production stage with their autonomous products. Our average selling price declined by 34% as expected as we sell higher volumes and are able to reduce our cost of goods sold per unit.
  • Service revenue decreased by $2.0 million, or 100%, from the prior year. This decrease in revenue was due to no non-recurring engineering work in the year ended December 31, 2021.
  • Revenue in the United States; Americas excluding the United States; Europe, the Middle East and Africa; and Asia and Pacific increased approximately by $6.5 million, $0.4 million, $4.7 million, and $3.1 million, respectively, in the year ended December 31, 2021 compared to the prior year. The year-over-year global increases for all regions are a result of our investments in personnel and global expansion. We have grown our commercial team across the Americas, Asia Pacific, Europe and the Middle East markets and brought on experienced leaders to develop a focused sales organization geared towards ramping our sales pipeline.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
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Readability
H.S. junior Avg
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Removed: contingency, counsel, decreased, disposition, final, moved, multibillion, opinion, range, reaching, record, represented, SOX, unrelated