IB Net Payout Yields Model

Ouster: Deep Value, But Hesitant To Load Up

Update - Apr. 10

Ouster announced a reverse split effective April 21. The announcement is not a surprise with the stock trading below $1 again and traders pressuring for the move. 

  • Ouster (NYSE:OUST) board of directors has approved a 1-for-10 reverse stock split, par value $0.001 per share.
  • It is expected to become effective on Thursday, April 20, 2023 and trade on NYSE on April 21, 2023 under the existing symbol "OUST". 

Original article posted on Mar. 30

  • Ouster reported Q4'22 results, but the company provides limited details on the Velodyne Lidar business.
  • The Lidar company closed the merger on February 10 with confirmed guidance for combined Q4'22 revenues of at least $23 million.
  • Ouster guided to Q1'23 revenues of only $16 million without providing a complete picture of Velodyne Lidar revenues.
  • OUST stock trades below 4x the '22 bookings of Ouster alone, yet the lack of combined pro forma financials leaves a lot of unanswered questions.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 
As with any stock, the first quarterly report after a change in a corporate structure can be very volatile. This was the case with Ouster (NYSE:OUST) after finally reporting December quarter results following the merger with Velodyne Lidar. My 

Read the full article at Seeking Alpha. 

Disclosure: Long OUST. Please review the disclaimer page for more details. 


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