Owlet reports Q1 adjusted EPS (7c) vs (39c) last year

Reports Q1 revenue $21.1M, consensus $18.14M. “Owlet (OWLT) had an exceptional start to the year with first quarter revenue, gross margin, and adjusted EBITDA all exceeding expectations,” said Kurt Workman, Owlet’s Chief Executive Officer and Co-Founder. “In the first quarter of 2025, we drove revenue growth of over 43% year-over-year and delivered our fourth consecutive quarter of breakeven or better adjusted EBITDA as the business continues to execute at a high level. We also recently announced a new distribution partnership with Children’s Hospital of The King’s Daughters where for the first time ever, babies are able to leave the hospital with a BabySat or Dream Sock.”