Owlet(OWLT) - 2023 Q2 - Earnings Call Transcript

Moving forward, we remain committed to driving margin improvement with the goal of returning gross margins to the 40% to 50% range over time through optimizations in our warehouse and shipping, production in our PPV as we reduce inventory levels and managing our return rates and lowering discounts. Operating loss in the quarter was $6.7 million and the net loss in the quarter was $8.5 million, compared with $11 million and $11.9 million, sequentially. Our focus on operational efficiency has delivered multi- ...