Posted on October 02, 2022
These efforts, coupled with additional steps to accelerate market share capture through product releases and targeted commercial strategies, provide Ouster with the flexibility to execute on its business plan. In addition to the actions above, the Company suspended sales of common stock through its at-the-market (“ATM”) offering.
Ouster is well-positioned to emerge as the market leader this year. We continue to deliver best-in-class hardware, capture market share, progress toward achieving product and safety specific certifications, and build a robust software ecosystem to expand our addressable market,” said Ouster CFO Anna Brunelle. “We identified areas of the business where we can operate with greater efficiency, allowing us to further execute on our strategic initiatives and deliver high-performance products to our hundreds of customers in order to bolster our path to profitability.”
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