Financial Performance - Q1 2024 revenue was approximately $14.8 million, representing a 37% increase year over year from approximately $10.7 million in Q1 2023[5] - Net income for Q1 2024 was approximately $3.3 million, compared to a net loss of approximately $11.9 million in Q1 2023[9] - Revenues for Q1 2024 increased to $14.8 million, up 38.7% from $10.7 million in Q1 2023[31] - Net income attributable to common stockholders was $1.3 million in Q1 2024, a significant improvement from a loss of $12.5 million in Q1 2023[31] Margins and Earnings - Gross margin for Q1 2024 was approximately 44.4%, an increase of 570 basis points year over year[7] - Gross profit for Q1 2024 was $6.5 million, compared to $4.2 million in Q1 2023, reflecting a gross margin improvement[31] - Basic earnings per share for Q1 2024 was $0.15, compared to a basic net loss per share of ($1.54) in Q1 2023[11] - Adjusted net loss per share attributable to common stockholders improved to $(0.39) in Q1 2024 from $(1.10) in Q1 2023[32] Operating Expenses - Operating expenses for Q1 2024 were approximately $12.3 million, down from approximately $15.1 million in Q1 2023[8] - Total operating expenses reduced to $12.3 million in Q1 2024, down from $15.1 million in Q1 2023[31] Cash Flow and Financing - Net cash used in operating activities decreased to $(3.3) million in Q1 2024 from $(9.4) million in Q1 2023[29] - Financing activities provided $5.2 million in Q1 2024, compared to $22.9 million in Q1 2023[29] Adjusted Metrics - Adjusted EBITDA loss for Q1 2024 was approximately $3.1 million, improving by approximately 46% year over year[10] - EBITDA for Q1 2024 was $3.5 million, a turnaround from $(8.8) million in Q1 2023[32] - Operating loss narrowed to $5.7 million in Q1 2024 from $11.0 million in Q1 2023[31] Consumer Demand and Market Presence - Consumer sell-through demand for Dream Sock and Dream Duo products increased by 60% year over year following FDA clearance[4] - The company has monitored over 2 million infants on its platform, enhancing its digital data capabilities[5] Assets and Liabilities - Total current assets as of March 31, 2024, were approximately $40.0 million, slightly up from $39.9 million as of December 31, 2023[28] - Total liabilities decreased to approximately $65.6 million as of March 31, 2024, down from $73.8 million at the end of 2023[28] Share Information - Weighted average shares used in computing net income per share increased to 8,740,059 in Q1 2024 from 8,110,387 in Q1 2023[32]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-39516 OWLET, INC. (Exact name of Registrant as specified in its Charter) Delaware 85-1615012 (State or other jurisdiction of incorpor ...

Owlet, Inc. (NYSE:OWLT) Q4 2023 Results Conference Call March 7, 2024 4:30 PM ET Company Participants Mike Cavanaugh - Investor Relations, ICR Westwicke Kurt Workman - Co-Founder, President and Chief Executive Officer Kate Scolnick - Chief Financial Officer Conference Call Participants Charles Rhyee - TD Cowen Operator Hello, everyone. Thank you for attending today's Owlet Fourth Quarter 2023 Earnings Call. My name is Sierra, and I will be your moderator for today. All lines will be muted during the prepare ...

Exhibit 99.1 Owlet Announces Fourth Quarter and Fiscal Year 2023 Results LEHI, Utah--(BUSINESS WIRE)-- Owlet, Inc. ("Owlet" or the "Company") (NYSE:OWLT), the pioneer of smart infant monitoring, today reported financial results for the fourth quarter and fiscal year ended December 31, 2023. Owlet's Chief Executive Officer and Co-Founder, Kurt Workman, and Chief Financial Officer, Kate Scolnick, will host a conference call to review the Company's results and provide a business update today, March 7, 2024, at ...

Owlet, Inc. (NYSE:OWLT) Q3 2023 Earnings Call Transcript November 13, 2023 4:30 PM ET Company Participants Conference Call Participants Operator Good afternoon, ladies and gentlemen. Thank you for joining today's Owlet Q3 Earnings Call. My name is Tia, and I will be your moderator for today's call. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. [Operator Instructions] I would now like to pass the conference over to your host, Mik ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ____________________________________________________________________________ FORM 10-Q ____________________________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ ...

Owlet, Inc. (NYSE:OWLT) Q2 2023 Earnings Conference Call August 14, 2023 4:30 PM ET Company Participants Mike Cavanaugh - Investor Relations, ICR Westwicke Kurt Workman - Co-Founder and Chief Executive Officer Kate Scolnick - Chief Financial Officer Conference Call Participants Lucas Romanski - TD Cowen Hanna Lee - Bank of America Operator Good afternoon. And thank you for attending the Owlet Second Quarter 2023 Earnings Call. My name is Alisa, and I will be your moderator. All lines will be muted during th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ____________________________________________________________________________ FORM 10-Q ____________________________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ____________________________________________________________________________ FORM 10-Q ____________________________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ t ...

Owlet, Inc. (NYSE:OWLT) Q1 2023 Earnings Conference Call May 11, 2023 6:00 PM ET Company Participants Mike Cavanaugh - Investor Relations, ICR Westwicke Kurt Workman - Co-Founder and Chief Executive Officer Kate Scolnick - Chief Financial Officer Conference Call Participants Charles Rhyee - TD Cowen Operator Hello and welcome to the Owlet Q1, 2023 Earnings Call.. My name is Elliot, and I will be coordinating the call today. [Operator Instructions] I now like to hand over to Mike Cavanaugh, Investor Relation ...