OWLT Q1 2024 Earnings — Owlet, Inc. Revenue & Financial Results | Market Cap Arena

OWLTOwlet, Inc.

$97M

Q1 2024 Earnings

Healthcare Medical - Devices

Income Statement

Revenue

$15M+37.4% YoY

Gross Profit

$7M44.4% margin

Operating Income

-$6M-39.0% margin

Net Income

$3M22.2% margin

EPS (Diluted)

$-0.51

QoQ Revenue Growth

-29.8%

Cash Flow

Operating Cash Flow

-$3M

Free Cash Flow

-$3M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$44M

Total Liabilities

$66M

Stockholders' Equity

-$22M

Cash & Equivalents

$18M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$15M	$11M	+37.4%
Gross Profit	$7M	$4M	+57.6%
Operating Income	-$6M	-$11M	+47.6%
Net Income	$3M	-$12M	+127.6%

Geographic Segments

UNITED STATES

$13M87%

Non-US

$2M13%