Owlet Inc Stock Price, News & Analysis

Owlet, Inc. (NYSE: OWLT) has launched the Owlet Dream Sock Plus, an innovative sleep monitoring solution for children from birth to 5 years. Building on the success of the original Dream Sock, this device tracks sleep quality and provides personalized insights via the Owlet Dream App. Priced at $359, it includes a sensor, Base Station, and various sock sizes. The Dream Sock Plus enhances the existing product lineup, aiming to empower parents with data-driven tools for improving their child's sleep.

Owlet, Inc. (NYSE: OWLT) reported preliminary financial results for Q4 and FY2021, revealing revenues of $75.8 million and a gross profit of $35.1 million. The company faced challenges, including a $23.2 million contra-revenue adjustment due to product returns after receiving an FDA Warning Letter, leading to a net negative revenue of $2.5 million for Q4. Operating loss for Q4 reached $33.3 million. Owlet's international revenue grew over 100% year-on-year, and new product launches are expected to contribute positively in future quarters.

Owlet, Inc. (NYSE: OWLT) will participate in three investor conferences in March 2022. The events include the Cowen 42nd Annual Health Care Conference from March 7-9, the Roth 34th Annual Conference from March 13-15, and the Oppenheimer 32nd Annual Healthcare Conference from March 15-17. Co-Founder Kurt Workman and CFO Kate Scolnick will engage in fireside chats and investor meetings, with webcasts available on the Owlet website. Replay links will remain accessible for 90 days post-event. Owlet's mission is to support parents with timely information for better parenting.

Owlet, Inc. (NYSE: OWLT) will report its fourth quarter and full year results for the period ending December 31, 2021 after market close on March 7, 2022. CEO Kurt Workman and CFO Kate Scolnick will discuss the results, followed by a business update in a conference call at 5:00 p.m. ET. Interested participants can access the call via telephone or webcast. A replay will be available until March 14, 2022.

Owlet, Inc. (NYSE: OWLT) has announced that its Dream Duo baby monitor system was recognized as one of the "Best New Tech for Families" by PARENTS magazine. The Dream Duo includes a smart monitor and sleep tracking features designed to enhance baby sleep health. Priced at $399, the product is intended to help parents track their baby's sleep patterns. Owlet aims to empower parents with real-time insights to ensure the well-being of their children. The Dream Sock, which also received recognition, is available separately for $299.

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.