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Owlet Inc   (OWLT)
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Price: $4.4500 $0.12 2.771%
Day's High: $4.81 Week Perf: -12.75 %
Day's Low: $ 4.34 30 Day Perf: -3.26 %
Volume (M): 45 52 Wk High: $ 7.50
Volume (M$): $ 199 52 Wk Avg: $3.43
Open: $4.70 52 Wk Low: $0.18



 Market Capitalization (Millions $) 37
 Shares Outstanding (Millions) 8
 Employees 200
 Revenues (TTM) (Millions $) 54
 Net Income (TTM) (Millions $) -33
 Cash Flow (TTM) (Millions $) 5
 Capital Exp. (TTM) (Millions $) 0

Owlet Inc
Becoming a parent is a life-changing event. Sleep, safety, health, and well-being are the key concerns of new moms and dads as caretakers. Parents, who are becoming older and busier, are taking on the duties of doctor, dietician, and sleep coach. In many circumstances, parents receive little direction, counseling, or confirmation about how effectively they are caring for their infant, which causes increasing tension and stress. As a result, parents lose important sleep throughout their infants first year of life, affecting their capacity to feel refreshed.
Enter Owlet. Kurt Workman, Jordan Monroe, Zack Bomsta, and Jake Colvin founded Owlet because they wanted access to real-time data to give them peace of mind as new parents. Infant monitoring solutions were highly fragmented and provided limited real-time awareness, leading to a less-than-optimal solution for concerned parents. There was also no product on the market available for parents to track a baby's sleep patterns, oxygen levels, and heart rate at home. Our founders' love for their children inspired them to launch Owlet in 2012 and create the Owlet Smart Sock (the "Owlet Smart Sock"), which was first sold in 2015.
Our Companys mission is to empower parents with the right information at the right time, to give them more peace of mind and help them find more joy in the journey of parenting. Our digital parenting platform aims to give parents real-time data and insights to help parents feel calmer and more confident. We believe that every parent deserves peace of mind and the opportunity to feel well-rested. We also believe that every child deserves to live a long, happy, and healthy life, and are working to develop products to help further those beliefs. Our ecosystem of digital parenting solutions is helping to transform modern parenting by providing parents data-driven insights into their children's well-being in the comfort of their own home. We are also developing in-home pediatric monitoring and analytics technologies, which we believe have the potential to provide parents with additional information about their children and are also designed to notify parents and caregivers of certain biometric findings with the goal of reducing risk of infant death due to Sudden Unexplained Infant Death (SUID) and Sudden Infant Death Syndrome (SIDS) and opportunistically detecting infant ailments such as respiratory syncytial virus (RSV) and supraventricular tachycardia (SVT).

Our purpose-built, growing suite of connected digital parenting products and services is designed to help parents know more about their children and gain peace of mind in their roles as caregivers. We have developed deep and enduring relationships with our users and brand advocates around the world. These relationships continue to grow and develop as a result of our novel product and software additions to our connected ecosystem, feature enhancements, omni-channel distribution, and marketing efforts.
In order to make our products and services easy to find, our products are available for purchase at global and national retail stores as well as through online channels on Amazon.com and other online retail sites as well as our direct-to-consumer channel on our country-specific websites. Through these websites, we connect directly with our users, offer education on products and software, and gain valuable feedback from our users.


   Company Address: 3300 North Ashton Boulevard Lehi 84043 UT
   Company Phone Number: 334-5330   Stock Exchange / Ticker: NYSE OWLT
   OWLT is expected to report next financial results on April 05, 2024.


Customers Net Income fell by OWLT's Customers Net Profit Margin fell to

-7.6 %

2.78 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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TMO   -2.88%    
ABT   -6.89%    
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DHR   -0.64%    
HON   -1.19%    
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Owlet Inc

Owlet Inc's Rollercoaster Ride: A Closer Look at Their Financial Performance in Q4 2023

Financial News Report: Owlet Inc Reports Increased Deficit and Revenue Growth in Q4 2023
LEHI, Utah - Owlet, Inc. (NYSE: OWLT), the leading baby monitor and digital health company, has announced its financial results for the October to December 31, 2023 interval. Despite reporting an increased deficit per share compared to the previous year, the company showcased strong revenue growth during this period.
During the October to December 2023 interval, Owlet Inc reported a deficit per share of $-1.00, a substantial increase from $-0.15 in the same period a year ago. Additionally, the deficit increased from $-0.84 per share from the previous financial reporting period.

Stock Transactions

Owlet Takes Flight: FDA Clearances and Strong Q4 Results Propel Baby-Monitor Pioneer into new Frontiers

Published Mon, Feb 26 2024 1:30 PM UTC

LEHI, Utah - Owlet, Inc. (NYSE: OWLT), the leading baby monitor and digital health company, has recently made significant strides towards further strengthening its market presence. With a series of recent FDA clearances and robust preliminary fourth-quarter results, Owlet is now poised for tremendous growth and expansion. In light of these developments, the company has enter...

Owlet Inc

Owlet Inc Reports Massive Revenue Decline and Widening Losses During Fiscal Q3 2023



The Scientific & Technical Instruments company, Owlet Inc, recently reported its fiscal third-quarter results for the period ending September 30, 2023, and the numbers indicate a disastrous performance. With a staggering decline in revenue and a widening net loss per share, Owlet Inc seems to have hit a rough patch. This article will delve into the company's financials, examining the reasons behind its poor performance and discussing the potential risks for investors going forward.
Revenue Decline and Net Loss:
During the third quarter of 2023, Owlet Inc's revenue witnessed a substantial decrease of -52.019%, plummeting to $8.33 million. This marked a significant drop compared to the same quarter in the previous year. Furthermore, the net loss per share expanded to $-0.84, compared to the prior year's quarter.

Owlet Inc

Owlet Inc Faces Severe Revenue Deterioration, Casting Doubt on Future Performance



Owlet Inc, a Scientific & Technical Instruments company, has experienced impressive stock gains of 12.27% in the last five trading days, contributing to a remarkable year-to-date increase of 750.58%. However, a closer look at the company's financial results for the time-frame April to June 2023 unveils several concerning factors that could potentially affect its future performance.
1. Increased Shortfall per Share:
During the evaluated period, Owlet Inc's shortfall per share rose to $-1.19 from $-0.11 a year prior, indicating a substantial increase in losses. Furthermore, this figure grew from $-0.11 per share reported in the previous reporting season. These results suggest that the company's profitability has been negatively impacted and raises questions about its ability to turn the tide.

Owlet Inc

Owlet Inc Defies Financial Challenges and Proves Promising for Investors

Owlet Inc: A Company With a Positive Outlook
Owlet Inc, a technology company that specializes in producing baby monitoring devices, reported a decrease in loss per share and an increase in EPS for the financial time-frame closing March 31st, 2023. This is great news for the investors of the company, as it indicates that the company is on a positive trajectory.
In the same reporting period, the revenue of the company went down sharply by -50.153%, which might be a worry for some investors. But, it should be noted that this decrease in revenue is due to the ongoing global pandemic, which caused financial distress for most companies. Despite this setback in revenue, the company has been trying its best to cut down expenses, which can be seen in their net deficit that decreased to $-11.867 million from $-28.758 million a year ago.
The decrease in loss per share, increase in EPS, and the reduction in net deficit is an indication that the management of Owlet Inc is making the right decisions. Furthermore, the productivity of Owlet Inc's employees has remained above the company average, which is impressive given that the pandemic has forced many companies to lay off employees.
While Owlet Inc's revenue per employee has fallen on a trailing twelve-month basis, it is still impressive, considering that the company has 200 employees. It should also be noted that the revenue per employee for 266 other companies in the technology sector, which are peers of Owlet Inc, are higher. However, it can be agreed that Owlet Inc is still doing well compared to others in the sectorOwlet Inc's overall ranking has deteriorated compared to the fourth quarter of 2021, from 1710 to 1850. However, this should not be a cause for concern, as the company has had a successful financial period and is expected to report its recent numbers soon.
In conclusion, while Owlet Inc's reporting period may not be impressive to some, there are many reasons to believe that the company has a positive outlook for the future. The decrease in loss per share and an increase in EPS is an indication that the management of the company is making the correct choices. Furthermore, the reduction in net deficit, and retaining the productivity of the employees above the company average, is nothing short of impressive. Owlet Inc's future looks bright, and it remains a great option for investors who want to invest in a technology company with a good outlook.






 

Owlet Inc's Segments
 
 
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Owlet Inc does not provide revenue guidance.

Earnings Outlook
Owlet Inc does not provide earnings estimates.

 
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