---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-020617"
form_type: "8-K"
ticker: "OWLT"
cik: "0001816708"
company_name: "Owlet, Inc."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:19:25.633938+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-020617
- form_type: 8-K
- ticker: OWLT
- cik: 0001816708
- company_name: Owlet, Inc.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1816708/000162828024020617/0001628280-24-020617-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1816708/000162828024020617/owlt-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-020617
- JSON: https://secwatch.observer/filing/0001628280-24-020617.json
- Plain text: https://secwatch.observer/filing/0001628280-24-020617.txt

## Key facts
- Earnings Releases
  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
  source text: Q1 Revenue was approximately $14.8 million, up approximately 37% year over year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816708/000162828024020617/0001628280-24-020617-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816708/000162828024020617/0001628280-24-020617-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816708/000162828024020617/0001628280-24-020617-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.