secwatch.observer — SEC 8-K summary
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Issuer:     Owlet, Inc. (OWLT)
CIK:        0001816708
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001816708-26-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Owlet Q1 revenue $22.5M (+6.4% YoY); net loss $3.3M vs income $3.0M; cuts FY revenue guidance
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- Q1 revenue $22.5M (+6.4% YoY); subscription revenue record $2.7M; subscribers over 115k.
- Net loss $3.3M ($0.15 loss per share) vs net income $3.0M ($0.11 EPS) in Q1 2025.
- Adjusted EBITDA -$1.5M vs $0.0M; gross margin 54.5% (+80 bps) despite tariff impacts.
- FY 2026 revenue guidance lowered to $118-122M (prev $126-130M); adj. EBITDA guidance raised to $7-9M (prev $3-5M).
- Co-founder Kurt Workman reassumes CEO role; sharpening focus on margin and operating efficiency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816708/000181670826000041/0001816708-26-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816708/000181670826000041/owlt-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001816708-26-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer