IB Net Payout Yields Model

Ouster: Full Speed Ahead Now

Update - Aug. 11, 2023

Ouster reported a solid quarter with the market keying on the big bookings numbers. The stock is only back to pre-split levels around $0.65. 

-Revenue: $19M, up 13% QoQ, 88% YoY -Bookings: $43M, 126% Book-to-Bill -Non-GAAP gross margin: 26% -Targeting annual cost savings of $110M by Q4'23 Q3'23 revenue guidance: $20 - $22M

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Original article posted on May 14

  • Ouster reported solid Q1'23 numbers and guided towards Q2 revenues reaching $20 million.
  • The Lidar sensor company reported Q1 binding bookings at $33 million.
  • OUST stock is cheap at ~1x '24 sales targets despite growth rates approaching 100%.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 
Ouster (NYSE:OUST) collapsed over the last quarter following a perplexing Q4 earnings report leading to a reverse split. The Lidar company just announced the continuation of an automotive deal and the business appears back in growth mode following the integration of Velodyne Lidar. My investment thesis is ultra Bullish on the stock still trading below pre-split levels of $0.50.

Read the full article on Seeking Alpha. 

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


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