Owlet Q4 revenue $21M, net loss down 65% YoY; FY23 gross margin up 810 bps

Owlet, Inc.

Q4 revenue ~$21.0M; gross margin 47.1%; net loss ~$6.9M vs $19.5M YoY.
FY 2023 revenue ~$54.0M (down from $69.2M in 2022); gross margin 41.8% (up from 33.7%).
Adjusted EBITDA loss Q4 ~$0.7M (down 95% YoY); FY ~$16.3M (down 76% YoY).
CEO cites two FDA authorizations, commercializing medical devices, and expanding healthcare distribution.
Net loss per share FY 2023 $4.53 compared to $9.98 in 2022.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Owlet, Inc. reported the fourth quarter and fiscal year ended December 31, 2023 results: revenue approximately $21.0 million, net income Net Loss was approximately $6.9 million, EPS Net loss per share was $0.97.

Period: the fourth quarter and fiscal year ended December 31, 2023
Revenue: approximately $21.0 million
Net income: Net Loss was approximately $6.9 million
EPS: Net loss per share was $0.97
Result: reported results

Exact text from the filing

conference call to review the Company’s results and provide a business update today, March 7, 2024, at 4:30 p.m. ET. Q4 2023 Financial Highlights • Q4 Revenue was approximately $21.0 million. • Q4 Gross Margin was approximately 47.1%. • Q4 Net Loss was approximately $6.9 million, down 65% from $19.5 million year over year. • Q4 adjusted EBITDA loss was approximately

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Owlet, Inc. reported the fiscal year ended December 31, 2023 results: revenue approximately $54.0 million, net income Net Loss was approximately $32.9 million, EPS Net loss per share was $4.53.

Period: the fiscal year ended December 31, 2023
Revenue: approximately $54.0 million
Net income: Net Loss was approximately $32.9 million
EPS: Net loss per share was $4.53
Result: reported results

Exact text from the filing

For the fiscal year ended December 31, 2023, revenues were approximately $54.0 million, compared to $69.2 million for the fiscal year ended December 31, 2022.

View on SEC.gov

710 earnings releases filed in the last 30 days. Browse all earnings releases →

Owlet, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-009645

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.