Out Fox The $treet

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 discu...

  Update - Mar. 27, 2023 Ouster missed a great opportunity to promote the combined business of Velodyne Lidar and Ouster and the company decided to pass. The stock trades below $1 for this reason and management has to own this incompetence.  -Q4 GAAP EPS of -$0.23 misses by $0.03. -Revenue of $10.94M (-7.7% Y/Y) misses by $4.9M. -Secured company record $70 million in bookings in 2022 - Q1'23 revenue guidance of $15 to $17 million, excludes Velodyne revenues through merger close on Feb. 10. The Q4 revenue total was closer to $25 million and the Q1'23 pro-forma revenue total was probably closer to $21 million.   Update - Mar. 15, 2023 Pretty nice deal here with 100 Lidar sensors shipped at the end of '22. Ouster shouldn't be trading back below $1.  -Fieldin has already deployed dozens of kits at its customers’ farms and plans to deploy over 100 autonomy retrofit kits on tractors, each equipped with an Ouster OS1, to major customers across the United States in 2023. Ous...

  Velodyne Lidar has fallen all the way to $3 despite the company building a strong pipeline. The Lidar sensor space remains on a path for a huge sales ramp over the next few years. The stock only trades at ~1.5x more conservative '24 sales targets. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio.  Learn More » Velodyne Lidar  ( VLDR ) has been the poster child for failed SPAC deals. Since completing the deal in early 2021, the company has missed financial targets and ran into internal management issues with the founder. Despite all these issues, my  investment thesis  remains Bullish on the stock and the Lidar sector due to the business ramp on the horizon while the stock trades at the lows around just $3. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.  Update - Mar. 7  Interesting to see the ...

  Velodyne Lidar reported another disaster quarter with Q3'21 revenues missing analyst targets by a wide margin. The company guided to ongoing weakness in Q4'21, but the contract pipeline continues to build. The stock only trades at ~3x conservative '23 revenue targets, but the turnaround will be volatile. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More » In just a year as a public company,  Velodyne Lidar  ( VLDR ) has gone from lidar sensor market leader to a dysfunctional company. The market opportunity remains as impressive as prior, but the company has to improve execution in the competitive market. My  investment thesis  remains Bullish on the stock due to the strong contract pipeline and reduced market cap. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.  Update - Jan. 11 Nice contract, but t...

  Velodyne Lidar reported a solid Q1 earnings report, but the company disappointed with the 2021 guidance. The company still expects sales to accelerate once Covid restrictions are lifted in areas like Europe and Asia. The stock is cheap with a $2 billion valuation and 29 multi-year agreements already in place. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More » The biggest issue when the lidar sensor companies came public via SPACs was whether the market could handle the unpredictable nature of the development phase in the space. Velodyne Lidar ( VLDR ) continues to add multi-year agreements and expand the pipeline, but the stock has fallen due to disappointing quarterly results. My  investment thesis  remains bullish on the stock and the sector. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.  Update - July 1...