Ouster CFO Departure Sparks -5.9% Share Price Drop

By Tamara Parker • Saturday, January 18 15:16 • Permanent Link

Ouster, Inc. (NASDAQ: OUST) has announced the departure of its Chief Financial Officer, Mark Weinswig, effective January 31, 2025, as he pursues a new career opportunity. Chen Geng, Ouster's Vice President of Strategic Finance and Treasurer, has been appointed as the interim Chief Financial Officer.

The company expects its fourth quarter 2024 revenue to be within the guidance range of $29 million to $31 million, based on preliminary results. Ouster plans to report its Q4 2024 earnings results in March 2025.

Ouster is a global provider of high-resolution scanning and solid-state lidar sensors and software solutions for various industries, including automotive, industrial, robotics, and smart infrastructure.

These changes come as Ouster continues to innovate and provide high-performance, reliable, and accessible 3D sensing solutions to empower industries. As a result of these announcements, the company's shares have moved -5.9% on the market, and are now trading at a price of $10.6. For more information, read the company's full 8-K submission here.

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