Welcome to our dedicated page for Owlet news (Ticker: $OWLT), a resource for investors and traders seeking the latest updates and insights on Owlet stock.
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Owlet, Inc. announced strong first quarter 2024 results with revenue of approximately $14.8 million, up 37% year over year, gross margin at 44.4%, and net income of $3.3 million. The company's adjusted EBITDA loss improved by 46% year over year. Owlet's CEO highlighted the positive feedback on their medical devices and increased demand for their products, projecting continued success in 2024.
Owlet, Inc. announces the EU medical device certification of Dream Sock, a smart infant monitoring product. This certification allows Owlet to expand its product portfolio in European markets and provide caregivers with innovative technology for home-based baby monitoring. The product offers clinically-proven accuracy and real-time data delivery through a mobile app and Base Station. Dream Sock is set to launch in Germany, France, and the UK this spring, with plans for further European expansion.
Owlet, Inc. (NYSE: OWLT), a leader in smart infant monitoring, will be participating in two upcoming investor conferences: the Emerging Growth Virtual Conference on May 8, 2024, and the Sidoti May Micro Cap Virtual Conference on May 8-9, 2024. The Company's Co-Founder and CEO, Kurt Workman, along with CFO Kate Scolnick, will present at both events.
Owlet, Inc. will announce its first quarter 2024 financial results on May 6, 2024. The company's executives will host a conference call to discuss the results and provide a business update.
