Riaz Valani
On November 26, 2024, Riaz Valani notified the Board of Directors (the “Board”) of Ouster, Inc. (the “Company”) of his resignation as a director of the Company, effective on such date.
Highest-materiality recent filing
Ouster Q2 revenue $55M (+56% YoY); GAAP net loss narrows to $18M
Revenue of $55M, up 56% YoY and 12% sequentially; shipped >17,000 lidar and camera sensors.
Ouster raises ~$191.9M in common stock offering at $55.22/share
Sold 3,621,876 shares at $55.22 per share; net proceeds ~$191.9M after underwriting discounts.
Ouster shareholders approve doubling of authorized shares to 200M; officer exculpation fails
Authorized common shares increased from 100M to 200M; 41.6M for, 4.0M against.
Ouster enters $100M at-the-market equity offering with four agents
Ouster may sell up to $100 million of common stock in an at-the-market offering through multiple agents.
Ouster Q1 product rev $48M (+55% YoY); GAAP net loss $17M; launches Rev8 lidar
Revenue $49M (+49% YoY); product revenue $48M (+55% YoY, +18% sequentially).
Ouster reports Q4 revenue $62M (+107% YoY), GAAP net income $4M, first profitable quarter
Q4 2025 revenue $62M (incl. $21M one-time IP royalties); product revenue $41M (+36% YoY); shipped >8,100 lidar units.
Ouster closes acquisition of StereoLabs for ~$35M cash + 1.8M shares
StereoLabs is an EBITDA-positive AI vision firm with ~$16M unaudited 2025 revenue.
Ouster extends SF HQ lease to 2034; initial rent reduced to $50/sq ft
Lease extended 84 months to August 31, 2034; base rent initially $108,854/month ($50/sq ft) from Jan 2026, escalating to $137,893/month by 2034.
Ouster elects Phillip Eyler to Board of Directors, effective Dec 8, 2025
Phillip Eyler appointed to Board, effective immediately on December 8, 2025.
Ouster Q3 revenue $39.5M (+41% YoY), record 7,200 sensor shipments, net loss narrows to $22M
Revenue of $39.5M, up 41% YoY and 13% sequentially; record 7,200 sensors shipped.
Ouster Q2 2025 revenue $35M (up 30% YoY); GAAP gross margin 45%; record 5,500 sensors
Revenue $35M, up 30% YoY and 7% sequentially; record 5,500 sensors shipped.
Ouster stockholders reject officer exculpation charter amendment; elect three directors
Class I directors Christina Correia, Stephen Skaggs, and Ernest Maddock elected with majority votes.
Ouster enters $100M at-the-market equity offering agreement with Oppenheimer
May sell up to $100M of common stock through Oppenheimer & Co. Inc. as agent.
Ouster Q1 revenue $33M (+26% YoY); GAAP gross margin 41%; net loss narrows to $22M
Revenue $33M, up 26% YoY and 8% sequentially; shipped ~4,700 sensors.
Kenneth P. Gianella named CFO, starting May 19, 2025; will succeed Chen Geng, who remains as SVP Strategic Finance & Treasurer.
Ouster reclassifies director Angus Pacala from Class III to Class II to balance board classes
Angus Pacala resigned as Class III director and was immediately elected as Class II director on April 7, 2025.
Ouster reports record Q4 revenue $30M (+23% YoY), GAAP gross margin 44%
Q4 revenue $30M, up 23% YoY and 7% sequentially; GAAP gross margin 44% vs 22% a year ago.
Ouster CFO resigns; interim CFO appointed; Q4 revenue guidance reaffirmed at $29M-$31M
CFO Mark Weinswig resigns effective Jan 31, 2025 to pursue new opportunity; not due to disagreement.
Ouster to transfer stock listing from NYSE to Nasdaq effective Dec 23, 2024
Board authorized transfer of common stock listing to Nasdaq Global Select Market from NYSE; warrants to Nasdaq Capital Market.
Ouster director Riaz Valani resigns from board effective Nov 26, 2024
Riaz Valani resigned as director of Ouster, Inc., effective November 26, 2024.
Ouster posts updated corporate presentation; no material new info disclosed
Filed under Item 7.01, noting availability of an updated corporate presentation on investor relations website.
Ouster Q3 2024: record revenue $28M, GAAP gross margin 38%, net loss narrows
Revenue $28M, +26% YoY, +4% sequentially; shipped >3,900 sensors.
Ouster appoints Correia and Skaggs to board; adopts exec severance plan covering CEO, CFO, COO
Karin Rådström and Kristin Slanina resigned from Ouster board effective Nov 4; Rådström to serve on advisory board.
Ouster Q2 revenue $27M (+39% YoY), GAAP gross margin 34%, net loss narrows to $24M
Revenue of $27M, up 39% YoY and 4% sequentially; shipped over 4,000 sensors.
Ouster shareholders elect directors, approve equity plans at 2024 annual meeting
All three Class III directors elected: Heystee (13.5M FOR), Pacala (13.9M), Tewksbury (14.3M).
Ouster Q1 2024 revenue $26M (+51% YoY); record non-GAAP gross margin 36%
Revenue of $26M, up 51% YoY and 6% sequentially; ~4,500 sensors shipped.
Ouster reduces stockholder meeting quorum requirement to one-third of voting power
Board amended bylaws effective April 18, 2024 reducing quorum from majority to one-third of voting power.
Ouster posts record Q4 revenue of $24M, full-year 2023 revenue up 103% to $83M
Q4 revenue >$24M (record, +10% seq); FY23 revenue $83M (+103% YoY).
Ouster settles Velodyne securities class action for $27.5M; expects $4.125M accrual
Settlement of $27.5M in Moradpour v. Velodyne Lidar, No. 3:21-cv01486-SI (N.D. Cal.).
Ouster expects Q4 2023 revenue at or above midpoint of $23-25M guidance
Preliminary Q4 2023 revenue expected at or above $24M midpoint of $23-25M guidance.
Ouster Q3 2023 revenue >$22M beats guidance; gross margins expand sharply
Revenue over $22M, up 15% QoQ; bookings of $38M (book-to-bill 1.7x).
Ouster amends bylaws to adopt universal proxy rules and enhance shareholder nomination procedures
Bylaws amended effective Nov 2, 2023, to align with SEC universal proxy rules (Rule 14a-19).
Ouster enters $45M revolving credit facility with UBS, borrows $44M to repay Hercules loan
Borrowed $44M on Oct 25, 2023 under new $45M revolving credit line from UBS Bank USA.
Ouster ITC patent case against Hesai recommended for termination; shareholder suit filed
ITC ALJ recommends terminating investigation to allow arbitration on whether Ouster must arbitrate based on 2020 Velodyne-Hesai settlement.
Ouster President of Field Operations resigns; SVP of Global Sales promoted
Nathan Dickerman, President of Field Operations and named executive officer, resigned effective August 10, 2023.
Ouster Q2 revenue $19M+ (up 88% YoY); net loss $123M; cost savings target raised to $110M+
Revenue over $19M, up 13% QoQ and 88% YoY; bookings totaled $43M.
Virginia Boulet and Riaz Valani elected as Class II directors with 85.8% and 96.0% of votes cast, respectively.
Ouster announces cost-cutting measures with workforce reduction; expects $7.5M-$9.0M charges
Aggregate restructuring charges estimated between $7.5M and $9.0M.
Ouster pro forma results show combined net loss of $325M for FY22 after Velodyne merger
Pro forma FY2022 combined revenue $84.98M (Ouster $41.03M, Velodyne $43.96M) vs. net loss $325.4M.
Ouster Q1 revenue $17M (+101% YoY), beats guidance; net loss $177M on $99M goodwill impairment
Revenue $17M, up 101% YoY from $8.6M, exceeding guidance.
Velodyne Lidar FY2022 revenue $44M, net loss $163M; cash $195M
Total revenue $43.96M, down 29% YoY from $61.92M; product revenue $33.87M.
Ouster completes 1-for-10 reverse stock split effective April 20, 2023
Reverse split effective 1:01 p.m. PT on April 20, 2023; common stock trades split-adjusted from April 21 under symbol OUST, new CUSIP 68989M 202.
Ouster receives NYSE noncompliance notice for low stock price; plans reverse split
Average closing price below $1.00 over 30 trading days; NYSE notice received April 12, 2023.
Ouster announces 1-for-10 reverse stock split effective April 20, 2023
Board approved 1-for-10 reverse stock split; effective at 4:01 p.m. ET on April 20, 2023.
Ouster reports Q4 2022 revenue down 8% YoY to $11M; net loss widens to $42M
Q4 2022 revenue of $11M (down 8% YoY); gross margins 17% vs 30% in Q4 2021.
Ouster raises CEO, COO, President salaries; sets bonus targets effective April 1, 2023
CEO Angus Pacala base salary increased to $400,000, effective April 1, 2023, bonus target 100%.
Ouster to cut ~180-200 jobs, incur $27M-$30M restructuring charges post-Velodyne merger
Reduction in force impacting approximately 180-200 employees, effective February 10, 2023.
Velodyne stockholders own ~50% of pro forma Ouster; exchange ratio 0.8204 OUST per VLDR share.
Ouster completes Velodyne merger; appoints new CFO and GC, expands board
Merger of equals with Velodyne closed Feb 10, 2023; CFO Anna Brunelle replaced by Velodyne's former CFO Mark Weinswig (base $370K, target bonus 70%).
Ouster achieved FY2022 revenue guidance of $40M-$55M and gross margin of 25%-30%.
On November 26, 2024, Riaz Valani notified the Board of Directors (the “Board”) of Ouster, Inc. (the “Company”) of his resignation as a director of the Company, effective on such date.
Ms. Rådström has been appointed as a member of the Company’s Advisory Board.
Karin Rådström and Kristin Slanina resigned as members of Ouster, Inc.’s (the “Company”) Board of Directors (the “Board”), effective November 4, 2024.
On November 4, 2024, Christina Correia and Stephen Skaggs were elected to the Board, effective as of November 4, 2024.
Karin Rådström and Kristin Slanina resigned as members of Ouster, Inc.’s (the “Company”) Board of Directors (the “Board”), effective November 4, 2024.
On November 4, 2024, Christina Correia and Stephen Skaggs were elected to the Board, effective as of November 4, 2024.
On August 10, 2023, Nathan Dickerman, the President of Field Operations for Ouster, Inc. (the “ Company ”) and a named executive officer in the Company’s definitive proxy statement filed on May 1, 2023, tendered his resignation notice to the Company.
in connection with Ms. Brunelle’s separation from service with Ouster
the Board of Ouster appointed Mark Weinswig to serve as Ouster’s Chief Financial Officer, effective on such date, succeeding Anna Brunelle
Megan Chung, has been appointed to succeed Mr. Dolinko as the Company’s new General Counsel and Secretary.
Adam Dolinko has also ceased serving as Ouster’s General Counsel and Secretary as of the Effective Date.
On October 6, 2021, the Board of Directors (the “Board”) of Ouster, Inc. (the “Company”), upon the recommendation of the Nominating and Corporate Governance Committee (the “Nominating Committee”), appointed Ms. Karin Rådström to serve as a Class I director of the Board for a term ending at the 2022 annual meeting of stockholders of the Company, effective October 6, 2021 (the “Effective Date”).
Max materiality 0.85 · Median 0.65 · Most common event earnings