OWLT Q2 2023 Earnings — Owlet, Inc. Revenue & Financial Results | Market Cap Arena

OWLTOwlet, Inc.

$97M

Q2 2023 Earnings

Healthcare Medical - Devices

Income Statement

Revenue

$13M-28.7% YoY

Gross Profit

$5M40.0% margin

Operating Income

-$7M-51.3% margin

Net Income

-$8M-64.7% margin

EPS (Diluted)

$-1.03

QoQ Revenue Growth

+21.9%

Cash Flow

Operating Cash Flow

-$7M

Free Cash Flow

-$7M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$57M

Total Liabilities

$79M

Stockholders' Equity

-$22M

Cash & Equivalents

$25M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$13M	$18M	-28.7%
Gross Profit	$5M	$7M	-21.0%
Operating Income	-$7M	-$20M	+67.0%
Net Income	-$8M	-$12M	+27.7%

Geographic Segments

UNITED STATES

$12M90%

Non-US

$1M10%