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Stock impact report

Owlet Inc (OWLT) Q3 2024 Earnings Call Highlights: Record Revenue Growth and Strategic Expansions [Yahoo! Finance]

Owlet, Inc. Class A (OWLT) 
Company Research Source: Yahoo! Finance
Adjusted EBITDA: $0.6 million, an improvement of $6.1 million versus Q3 2023. Operating Expenses: $16.4 million, including $2.7 million in stock-based compensation. Operating Loss: $4.8 million, compared to $7.9 million in the same period last year. Net Loss: $5.6 million, unchanged from the same period last year. Cash and Cash Equivalents: $21.5 million as of September 30, 2024. Debt Restructuring: Total proceeds of up to $35 million, including a $20 million line of credit and a $15 million term loan. Full Year 2024 Revenue Guidance: $74 million to $77.5 million. Full Year 2024 Gross Margin Guidance: 48% to 49%. Full Year 2024 Adjusted EBITDA Loss Guidance: $5 million to $3 million. Warning! GuruFocus has detected 2 Warning Signs with OWLT. Release Date: November 13, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Owlet Inc ( NYSE:OWLT ) achieved a significant year-over-year revenue growth of 141% in Q3 Show less Read more
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