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Stock impact report

Owlet Announces Third Quarter 2024 Financial 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 third quarter ended September 30, 2024. Owlet’s Chief Executive Officer and Co-Founder, Kurt Workman, President and Chief Revenue Officer, Jonathan Harris, and Chief Financial Officer, Amanda Twede Crawford, will host a conference call to review the Company’s results and provide a business update today, November 13, 2024, at 4:30 p.m. ET.Q3 2024 Financial Highlights:Q3 Revenue of $22.1 million, up 141% from Q3 2023Q3 Gross Margin of 52.2%, up 1,590 basis points from Q3 2023Q3 Net Loss of $(5.6) million, compared to $(5.6) million in Q3 2023Q3 Adjusted EBITDA of $0.6 million, improving $6.1 million compared to Q3 2023“Owlet is demonstrating significant momentum as we delivered another quarter of strong revenue growth and meaningful margin expansion,” said Kurt Workman, Owlet’s Chief Executive Officer and Co-Founder. “We con Show less Read more
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