Ouster Reports CFO Departure, Reaffirms Q4 Revenue Guidance

MT Newswires Live

Jan 17, 2025

Ouster (OUST) said Friday that Chief Financial Officer Mark Weinswig will leave the company at the end of the month to pursue a new opportunity.

Weinswig will help with the transition before his departure, the company said, adding that his resignation is not a result of any disagreement.

Ouster said it has appointed Chen Geng, vice president of strategic finance and treasurer, to serve as interim CFO. The company said that it has started looking for a permanent CFO.

The company also said it expects Q4 revenue to be between $29 million and $31 million, in line with its previous guidance from Nov. 7.

Shares of Ouster were more than 3% lower in recent trading.

Price: 10.91, Change: -0.36, Percent Change: -3.19

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