Owlet Q2 revenue up 58% to $20.7M, adjusted EBITDA turns positive at $0.1M

Owlet, Inc.

2024-Q2 EPS reported -$0.08 revenue$35,449,000

Revenue of $20.7M, up 58% YoY; gross margin 50%, up ~1,000 bps from 2023.
Net loss narrowed to ($1.1M) from ($8.5M); adjusted EBITDA of $0.1M vs loss of ($4.3M).
CE Medical certification obtained; Dream Sock launched in UK and EU markets.
FY 2024 revenue guidance $72.5M–$77.5M; adjusted EBITDA loss of ($6M)–($3M).
Record-breaking Amazon Prime Day performance cited for Q3 momentum.

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