| Market Capitalization (Millions $) |
44 |
| Shares
Outstanding (Millions) |
11 |
| Employees |
215 |
| Revenues (TTM) (Millions $) |
77 |
| Net Income (TTM) (Millions $) |
-17 |
| Cash Flow (TTM) (Millions $) |
4 |
| Capital Exp. (TTM) (Millions $) |
1 |
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: 2940 West Maple Loop Drive Lehi 84043 UT
Company Phone Number: 334-5330 Stock Exchange / Ticker: NYSE OWLT
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