Revenue Growth
Revenue for Q1 2025 was $21.1 million, marking a 43% increase year-over-year, driven by strong sales of Dream Sock and Dream Duo.
Gross Margin Improvement
The gross margin improved by 930 basis points year-over-year to 53.7%, marking the eighth consecutive quarter of gross margin expansion.
Owlet 360 Subscription Success
Owlet 360 has over 48,000 paying subscribers since its launch on January 28th, indicating strong adoption and contributing positively to the business.
Strategic Partnerships
A new distribution partnership with Children’s Hospital of the King’s Daughters allows babies to leave the hospital with an Owlet monitor, marking a significant milestone.
International Expansion
International revenue grew by 104% year-over-year, with significant growth in France and Germany.
Financial Performance
Owlet achieved breakeven adjusted EBITDA for the fourth consecutive quarter, with a $3.1 million improvement year-over-year.