Owlet Announces Strong Preliminary Fourth Quarter 2023 Results and to Report Fourth Quarter 2023 Financial Results on March 7, 2024 [Yahoo! Finance]
Owlet, Inc. Class A (OWLT)
Company Research
Source: Yahoo! Finance
Preliminary Unaudited Q4 2023 Financial Highlights Q4 Gross Sales is expected to be approximately $32.9 million, up 114% year over year. Q4 Net Revenue is expected to be approximately $21.0 million, up 75% year over year. Q4 Gross Margin is expected to be approximately 47%, up over 1,900 basis points from 27.8% year over year. Q4 Net Loss is expected to be approximately $6.9 million, down 65% from $19.5 million year over year. Q4 adjusted EBITDA loss is expected to be approximately $0.7 million, down 95% from $15.2 million year over year. "We delivered on our promise to gain FDA clearances, improve operations, reduce costs, and bring the business near Adjusted EBITDA break even in the fourth quarter of 2023," said Kurt Workman, Co-Founder and Chief Executive Officer. "We had incredibly strong sales performance on the back of FDA approvals nearly doubling sell-through during our holiday promotional period over 2022. In 2024 the momentum is building as we commercialize our
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OWLT
Earnings
- 3/7/24 - Miss
OWLT
Sec Filings
- 3/20/24 - Form 4
- 3/20/24 - Form 4
- 3/15/24 - Form 4
- OWLT's page on the SEC website