Owlet reports Q2 adjusted EPS 0c vs (56c) last year

Reports Q2 revenue roughly $20.7M, up about 58% year-over-year. “Owlet’s results in the first half of 2024 give us added confidence that this year is a turning point for our company. We have delivered strong, double-digit revenue and sell-through growth as we advance our vision to make Owlet the most trusted infant health monitoring ecosystem. Along with our excellent commercial progress, we have continued to streamline our business to achieve improved gross margins and significantly lower operating expenses, which in turn drove improved Adjusted EBITDA and a clear path to Adjusted EBITDA breakeven exiting 2024,” said Kurt Workman, Owlet’s Chief Executive Officer and Co-Founder.