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 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 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 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 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 Q3 2024: record revenue $28M, GAAP gross margin 38%, net loss narrows
Revenue $28M, +26% YoY, +4% sequentially; shipped >3,900 sensors.
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 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 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 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.
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 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 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 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 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