Education
About Us
Working with TipRanks
Follow Us
Owlet Inc (OWLT)
:OWLT
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.28Last Year’s EPS
-0.39Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 04, 2025
|% Change Since: -20.44%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong positive sentiment, with Owlet, Inc. achieving record financial performance and significant international expansion. The launch of Owlet 360 and the company's progress in strategic focus areas underscored its growth potential. However, legal settlement costs and challenges in scaling the healthcare channel were notable concerns.Company Guidance
During the Owlet, Inc. fourth quarter 2024 earnings call, the company reported exceptional financial performance and provided robust guidance for 2025. Owlet exceeded the high end of their guidance ranges, with 2024 revenue reaching $78.1 million, representing a 45% growth compared to 2023. The fourth quarter alone saw revenue of $20.5 million, with gross margins of 53.5%, an increase of 650 basis points from the previous year. The company achieved positive adjusted EBITDA for the final three quarters of 2024, reflecting a $14 million improvement over 2023. For 2025, Owlet projects revenue between $88 million and $92 million, gross margins of 50% to 52%, and aims for adjusted EBITDA profitability. The launch of the Owlet 360 subscription service, which achieved a 12% attach rate in January, is expected to drive recurring revenue and expand the company's pediatric health platform, though no significant revenue from this or the Baby Sat device is anticipated in 2025.Record Revenue Growth
Owlet, Inc. achieved a record revenue of $78.1 million for 2024, representing a 45% growth compared to 2023. Fourth quarter revenue was $20.5 million, with a year-over-year growth of 37% when adjusted for prior year revenue shifts.
Expansion into Global Markets
International revenue grew by 98% for 2024 compared to 2023, with Owlet products now available in 26 countries. Key growth regions included the UK and Germany, with Black Friday sales in Germany increasing by 147% year-over-year.
Positive Financial Metrics
Owlet achieved a gross margin of over 50% for 2024, marking the best annual gross margin in company history. The company also achieved three consecutive quarters of positive adjusted EBITDA in 2024, improving by over $14 million from 2023.
Launch of Owlet 360
Owlet launched its new subscription service, Owlet 360, aiming to improve pediatric health by allowing parents to monitor health metrics at home. Early subscription metrics exceeded expectations with a 12% attach rate within the first month.
---
OWLT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
OWLT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 04, 2025 | $4.50 | $4.92 | +9.33% |
| Nov 13, 2024 | $5.35 | $4.79 | -10.47% |
| Aug 12, 2024 | $4.68 | $5.04 | +7.69% |
| May 06, 2024 | $4.45 | $4.10 | -7.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Owlet Inc (OWLT) report earnings?
Owlet Inc (OWLT) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Owlet Inc (OWLT) earnings time?
Owlet Inc (OWLT) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OWLT EPS forecast?
OWLT EPS forecast for the fiscal quarter 2025 (Q1) is -0.28.
---