Ouster Rallies 28.7% on 10-Year Benchmark Deal for 100,000 Rev8 Sensors
BHE•Ouster shares jumped 28.7% on June 29, extending a rally to near $55 on trading volumes several times above average. The move follows a 10-year Benchmark partnership to build over 100,000 Rev8 sensors annually and a multi-year AIM Intelligent Machines deal for native-color lidar in heavy equipment.
1. Share Price Surge
Ouster shares rose 28.68% on June 29, marking a multi-week rally that drove the stock near $55. Trading volume on the surge day was several times the daily average, underscoring strong investor interest.
2. Benchmark Electronics Partnership
Ouster committed to a 10-year manufacturing agreement with Benchmark Electronics to produce over 100,000 Rev8 lidar sensors annually. The deal targets customers in industrial automation, robotics, automotive and smart infrastructure markets.
3. AIM Intelligent Machines Agreement
Ouster signed a multi-year pact with AIM Intelligent Machines to supply native-color Rev8 lidar for autonomous heavy equipment. The autonomy kit installs in under 24 hours and operates offline, addressing remote mining and defense use cases.
4. Financial Risks and Outlook
Despite robust deal announcements, Ouster remains unprofitable, with $169 million in trailing revenue and ongoing cash burn. Investors will watch the August 6 earnings report for evidence that new partnerships translate into booked revenue.
