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Ouster: Hidden Lidar Boom

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Update - January 9, 2024

Ouster continues to hit targets setting up a likely rally in 2024 with a more bullish trend in Lidar stocks. 

-Ouster, Inc. (NYSE:OUST) expects Q4 2023 revenue to be at or above the midpoint of the guidance range of $23 to $25 million previously provided on November 9, 2023.

Finviz Chart

Original article posted on Nov. 28

  • Ouster, Inc. reports consistent bookings far exceeding quarterly revenues, with $114 million in bookings YTD.
  • The company sees strong bookings tailwinds in the automotive and mapping segment, with binding commitments tripling purchases and an overall book-to-bill ratio of 2x.
  • Ouster stock currently trades at nearly cash value and hardly above 1x '23 bookings.
The Lidar sector continues to report spectacular growth, but stocks like Ouster, Inc. (NYSE:OUST) trade close to the lows. The non-automotive Lidar leader even reports spectacular bookings totals, yet the market is mostly ignoring the orders in hand. My investment thesis is ultra Bullish on the former SPAC stock still trading below $1 pre-split.

Read the full article on Seeking Alpha. 

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

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