Stock Track | Ouster Inc. (OUST) Plunges 5.06% on CFO Departure Announcement
Shares of Ouster Inc. (OUST), a leading provider of lidar sensors and software solutions, plummeted 5.06% in Friday's intraday trading session following the announcement of the departure of its Chief Financial Officer, Mark Weinswig.
Weinswig, who has been serving as the CFO since the company's merger with Velodyne in February 2023, will be leaving Ouster effective January 31st, 2025 to pursue a new career opportunity. The company has appointed Chen Geng, the current Vice President of Strategic Finance and Treasurer, as the interim CFO while they search for a permanent replacement.
Despite the executive-level change, Ouster reaffirmed its fourth-quarter 2024 revenue guidance to be within the range of $29 million to $31 million, which was in line with its previous guidance provided in November 2024.
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