Owlet Announces Strong First Quarter 2024 Results
Owlet, Inc. Class A (OWLT)
Company Research
Source: Business Wire
LEHI, Utah--(BUSINESS WIRE)--Owlet, Inc. (“Owlet” or the “Company”) (NYSE:OWLT), the pioneer of smart infant monitoring, today reports financial results for the first quarter ended March 31, 2024. Owlet’s Chief Executive Officer and Co-Founder, Kurt Workman, President and Chief Revenue Officer, Jonathan Harris, and Chief Financial Officer, Kate Scolnick, will host a conference call to review the Company’s results and provide a business update today, May 6, 2024, at 4:30 p.m. ET.Q1 2024 Financial Highlights:Q1 Revenue was approximately $14.8 million, up approximately 37% year over year.Q1 Gross Margin was approximately 44.4%, up 570 basis points year over year.Q1 Net Income was approximately $3.3 million, compared to Net Loss of approximately $11.9 million year over year.Q1 adjusted EBITDA loss was approximately $3.1 million, improving approximately 46% year over year.“We’ve started off 2024 by delivering solid year over year growth. Consumer sell-through demand is up 60% year over
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OWLT
Earnings
- 5/6/24 - Miss
OWLT
Sec Filings
- 5/16/24 - Form 144
- 5/13/24 - Form S-3
- 5/13/24 - Form 10-Q
- OWLT's page on the SEC website