Ouster, Inc.

Ouster, Inc. announced the completion of its public offering of common stock. The company sold 3,621,876 shares at a price of $55.22 per share, generating net proceeds of approximately $191.9 million after deducting underwriting discounts and commissions. The underwriter also has a 30-day option to purchase up to an additional 543,281 shares to cover over-allotments.

Ouster, Inc. stockholders approved an amendment to the Certificate of Incorporation to double the number of authorized common shares from 100 million to 200 million at the 2026 Annual Meeting. This amendment became effective upon filing on June 17, 2026. Stockholders also approved the election of two Class II directors, ratified the appointment of PricewaterhouseCoopers LLP as auditor, and approved executive officer compensation on an advisory basis. However, a proposal to provide for officer exculpation was not approved.

Ouster, Inc. has entered into a Sales Agreement with several agents to potentially offer and sell up to $100 million of its common stock. The shares will be sold through an "at the market offering" mechanism. The company will pay commissions up to 3.0% on sales, and the net proceeds are earmarked for general corporate purposes, including working capital.

Ouster, Inc. completed the acquisition of Stereolabs on February 4, 2026, expanding its product portfolio and strengthening software capabilities. For the first quarter ended March 31, 2026, the company reported a 49% increase in total revenue to $48.6 million and a reduced net loss of $17.5 million, or $0.28 per share. Despite improved financial performance, Ouster continues to experience recurring losses from operations and negative cash flows from operating activities.

Ouster, Inc. announced its first quarter 2026 financial results, reporting $49 million in total revenue, a 49% increase year over year. Product revenue grew 55% year over year to $48 million, marking the 13th consecutive quarter of product revenue growth. The company also launched its new Rev8 OS digital lidar family, featuring native color sensing and enhanced capabilities, and secured new million-dollar contracts. While GAAP net loss improved year over year, total revenue and gross margins saw sequential declines due to a one-time royalty in the previous quarter.

Ouster, Inc. will hold its 2026 Annual Meeting of Stockholders virtually on June 17, 2026. Key proposals include the election of two Class II Directors, ratification of PricewaterhouseCoopers LLP as the independent auditor, and an advisory vote on executive compensation. The company also seeks approval to increase its authorized common stock from 100 million to 200 million shares and to amend its Certificate of Incorporation to provide for officer exculpation from breaches of fiduciary duty.