Robosense Technology CO (RBSTF)

$RBSTF vs $OUST highlights a clear disconnect between perceived scale and valuation. RBSTF appears to be shipping significantly higher unit volumes and expanding into humanoid robotics, while $OUST trades at a materially higher valuation multiple. The broader point isn’t precision math, but the gap between narrative perception and actual market pricing across comparable “next-gen hardware” names. Similar setups have existed before, where relative scale gaps eventually compress over time, but timing catalysts are rarely obvious. Even when execution is visible, re-rating often depends more on market attention shifts than fundamentals alone.

$OUST I already analyzed all lidar stocks this earnings season, so let's also do $RBSTF (RoboSense) to make it complete, as they reported this week: They reported roughly 57M in revenue with 13M in gross profit (gross margin of < 23%). Similarly to $HSAI they invest substantially more in R&D compared to selling, general, and administrative. This is contrary to most Western lidar players but might be an “accounting thing”. Supposedly they have 430M in cash, but it's difficult to tell what the actual cash burn or net loss is, and I am not interested enough to reconcile that to GAAP measures. Growth continues to struggle with both QoQ und YoY shrinking of revenue, and while the margins remain too low, they are still unprofitable in a market where $HSAI is steadily growing on industry-leading margins. So to account for this and recent share price movements in the space, my personal ranking in the lidar race is currently: $HSAI > $OUST > $RBSTF > $INVZ > (big gap) > AEVA > LIDR > MVIS > LAZR.

$RBSTF although $TSLA is currently not using LiDAR other major players do. What technology is more beneficial for robotic use cases. $NVDA $AMD