Owlet prelim Q4 revenue $21M (+75% YoY), net loss down 65%, adj EBITDA near breakeven

Owlet, Inc.

2023-FY EPS reported -$4.53 revenue$54,010,000

Q4 gross sales ~$32.9M, up 114% YoY; net revenue ~$21.0M, up 75% YoY.
Gross margin ~47%, up from 27.8% YoY (over 1,900 bps improvement).
Net loss ~$6.9M, down 65% from $19.5M YoY; adj EBITDA loss ~$0.7M, down 95%.
CEO cites FDA clearances, new medical devices, insurance integration for 2024 momentum.
Excluding Amazon 1P transition items, gross margin >50% and adj EBITDA positive for Q4.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Owlet, Inc. reported preliminary financial results for fourth quarter ended December 31, 2023.

Period: fourth quarter ended December 31, 2023
Result: preliminary results

Exact text from the filing

issued a press release reporting its unaudited preliminary financial results for the fourth quarter ended December 31, 2023

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Owlet, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-006167

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