Owlet Q1 revenue $14.8M (+37% YoY); net income $3.3M vs loss $11.9M YoY

Owlet, Inc.

2024-Q1 EPS reported -$0.51 revenue$14,750,000

Gross margin 44.4%, up 570 bps YoY; adjusted EBITDA loss improved 46% to $3.1M.
Consumer sell-through demand for Dream Sock/Dream Duo up 60% YoY following FDA clearance.
Basic EPS $0.15 vs ($1.54) YoY; diluted net loss per share ($0.51).
Over 2 million infants monitored; NPS and reimbursement coverage expanding.
Cost of revenues $8.2M; operating expenses down to $12.3M from $15.1M YoY.

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 0.99

Owlet, Inc. reported first quarter ended March 31, 2024 results: EPS Basic earnings per share was $0.15 for the first quarter of 2024, compared to basic net loss per share of ($1.54) for th.

Period: first quarter ended March 31, 2024
EPS: Basic earnings per share was $0.15 for the first quarter of 2024, compared to basic net loss per share of ($1.54) for th
Result: reported results

Exact text from the filing

Q1 Revenue was approximately $14.8 million, up approximately 37% year over year.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Owlet, Inc. reported first quarter ended March 31, 2024 results: EPS Basic earnings per share was $0.15 for the first quarter of 2024, compared to basic net loss per share of ($1.54) for th.

Period: first quarter ended March 31, 2024
EPS: Basic earnings per share was $0.15 for the first quarter of 2024, compared to basic net loss per share of ($1.54) for th
Result: reported results

Exact text from the filing

Net income was approximately $3.3 million for the first quarter of 2024, compared to net loss of approximately $11.9 million for the first quarter of 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Owlet, Inc. reported first quarter ended March 31, 2024 results: EPS Basic earnings per share was $0.15 for the first quarter of 2024, compared to basic net loss per share of ($1.54) for th.

Period: first quarter ended March 31, 2024
EPS: Basic earnings per share was $0.15 for the first quarter of 2024, compared to basic net loss per share of ($1.54) for th
Result: reported results

Exact text from the filing

Basic earnings per share was $0.15 for the first quarter of 2024, compared to basic net loss per share of ($1.54) for the first quarter of 2023.

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 0001628280-24-020617

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.