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.
Owlet, Inc. reports business developments for a pediatric health platform built around smart infant monitoring, connected wearables, video monitoring and app-based health insights. Company news commonly covers FDA-cleared pediatric monitoring products, including BabySat, consumer monitoring systems such as Dream Duo, and software services including Owlet360 and pediatric telehealth features.
Recurring updates also include quarterly financial results, guidance, leadership and governance changes, DME distribution partnerships, product recognition, and initiatives tied to Owlet's pediatric health and sleep data platform. These announcements reflect the company's mix of consumer baby monitoring, prescription monitoring access, subscriptions and connected-care services.
Owlet, Inc. (NYSE: OWLT) has launched the Owlet Dream Duo, an innovative smart baby monitor system designed to enhance baby sleep quality. This system combines advanced technology with expert-led sleep programs, allowing parents to track their baby's sleep needs effectively. The system includes the Dream Sock, Cam, and Dream App, providing parents with comprehensive insights into their baby's sleep patterns. Priced at $399, the Dream Duo aims to improve sleep for babies aged 4-12 months, with 90% of parents reporting positive results within a week.
Owlet, Inc. (NYSE: OWLT) reported record revenues of $31.5 million for Q3 2021, marking a 48.8% year-over-year increase and a 26.3% sequential rise from Q2 2021. In the first three quarters, total revenues reached $78.4 million, surpassing the full-year 2020 figure. Despite strong growth, the company faced challenges with an operating loss of $13.8 million and a net loss of $34.5 million. The gross margin was 47.2%, slightly down from Q2 2021. Owlet is working with the FDA on regulatory matters related to the Smart Sock, while also planning the launch of a new baby sleep monitor.
Owlet, Inc. (NYSE: OWLT) will announce its third-quarter earnings for the period ending September 30, 2021, on November 10, 2021, after market close. CEO Kurt Workman and CFO Kate Scolnick will lead a conference call at 4:30 p.m. ET to discuss the results and provide updates. Interested participants can join via phone or through a webcast on Owlet's investor relations website. A replay of the call will be accessible until November 17, 2021. Founded in 2012, Owlet aims to support parents with data-driven insights to enhance their caregiving experience.
Owlet, Inc. (NYSE: OWLT) will participate in the Citi 2021 Global Technology Virtual Conference from September 13-15, 2021. Co-Founder and CEO Kurt Workman, along with CFO Kate Scolnick, will engage in a fireside chat on September 15 at 9:40 a.m. EDT. The chat will be available for live streaming on Owlet's Investor Relations website, with a replay accessible for one year thereafter.
Owlet aims to empower parents by providing real-time data and insights for a peaceful parenting experience.
Owlet (NYSE: OWLT) reported Q2 2021 revenues of $24.9 million, marking a 35.8% increase year-over-year. Gross margin improved to 54.2%, up from 48.2% in Q2 2020. The company launched its products in Germany, Austria, and Sweden and completed a merger with Sandbridge Acquisition, adding over $135 million in cash. However, Owlet posted a net loss of $5.3 million and an adjusted EBITDA loss of $2.6 million. The company maintains its full-year revenue guidance of $107 million.
Owlet has launched the Smart Sock Plus, expanding its innovative product line for child monitoring. This new device tracks heart rate, oxygen levels, and sleep trends for children from birth up to 5 years old, addressing a long-standing demand from parents. With over 1 million babies monitored using the original Smart Sock, the Plus version increases usability for children weighing up to 55 pounds. Available for $359, the Smart Sock Plus can also be paired with the Owlet Cam. The product aims to empower parents by providing critical insights into their child's health.
Owlet, Inc. (NYSE: OWLT) is set to release its second-quarter results for the period ending June 30, 2021, on August 12, 2021, after market close. CEO Kurt Workman and CFO Kate Scolnick will present a business update during a conference call at 4:30 p.m. ET. Interested parties can join by calling 1(844) 200-6205 (Domestic) or 1(646) 904-5544 (International) using Conference ID 817875, or via the webcast link on Owlet's investor relations page. A replay will be available until August 20, 2021.
Owlet, Inc. (NYSE: OWLT) announced the completion of its business combination with Sandbridge Acquisition Corporation, which received approval from Sandbridge stockholders on July 14, 2021. This transaction provides over $135 million to support Owlet’s product pipeline and global expansion. Following the merger, Owlet's Class A common stock will begin trading on the NYSE under the symbol OWLT from July 16, 2021. The company aims to enhance its nursery ecosystem, leveraging data for innovative products, and targets a market potential of up to $81 billion by 2025.