Ouster implementing cost reductions, affirms Q2 revenue guidance

Ouster “announced that it is implementing additional cost reductions, including a workforce reduction, to further position the Company for long-term success. Ouster is on track to achieve previously disclosed annualized merger related cost synergies of at least $80M to $85M by the end of the fourth quarter 20231. The Company also reaffirmed its second quarter 2023 guidance of between $18M to $20M in revenue, which includes sales of all combined company products for the entire period.”