All imho...do your own dd.
I've owned this stock for about two years, have added multiple times, and am significantly in the green.
I believe this company could well be a powerhouse in the tech industry based on astute leadership from the CEO Agnus Pacala. Mr Pacala calls the company an autonomy company based on what he calls 4 verticals in the LiDAR sector. 1) ADAS- accelerated driving assistance systems 2) smart infrastructure which includes traffic control, security, and various other infrastructures. 3) industrial which includes contracts with Deere, Komatsu and others and 4) robotics which includes warehouse robots for Amazon
I the last cc Mr Pacala stated that the company had signed multi-million dollar contracts in all four. Imo all 4 of those verticals are in their infancy with total addressable markets(TAMs) in the billions of dollars. ADAS is ramping now with robotaxis proliferating and self-driving cars at level 3 and above on the horizon. That market, ADAS, is potentialy massive with safety the underlying sales pitch.
The company is in great position with around $170million in cash and no debt. They just issued a shelf offering so several hundred million is accessible if needed. My GUESS is an acquisition is a strong possibility. I follow the company closely and Mr Pacala has rightly focused on software sales which are often recurring and can be called sticky as well.
In addition the company should soon announce their new chip the L4 which along with their digital flash sensor should reduce the cost of LiDAR sensors to the point at which major auto manufacturers can economically add multiple sensors to new cars. Currently Ouster sensors are utilized by May Mobility which employs robotaxis in Arlington, Detroit, Grand Rapids, Miami, Martinez CA, and Peachtree Corners Georgia.
An American company located in Silicon Valley.
Could happen fast. |
