OWLT Q3 2023 Earnings — Owlet, Inc. Revenue & Financial Results | Market Cap Arena

OWLTOwlet, Inc.

$97M

Q3 2023 Earnings

Healthcare Medical - Devices

Income Statement

Revenue

$9M-47.1% YoY

Gross Profit

$3M36.3% margin

Operating Income

-$8M-85.8% margin

Net Income

-$6M-61.4% margin

EPS (Diluted)

$-0.84

QoQ Revenue Growth

-29.8%

Cash Flow

Operating Cash Flow

-$5M

Free Cash Flow

-$5M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$42M

Total Liabilities

$67M

Stockholders' Equity

-$25M

Cash & Equivalents

$15M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$9M	$17M	-47.1%
Gross Profit	$3M	$5M	-27.8%
Operating Income	-$8M	-$22M	+63.9%
Net Income	-$6M	-$19M	+70.9%

Geographic Segments

UNITED STATES

$7M80%

Non-US

$2M20%