OWLT Earnings Prediction
The chart below shows how OWLT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OWLT sees a -7.87% change in stock price 10 days leading up to the earnings, and a -4.57% change 10 days following the report. On the earnings day itself, the stock moves by +4.74%. This data can give you a slight idea of what to expect for the next quarter's release.
OWLT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
22.12M
140.93%
6.87%
Gross Margin
52.19%
43.93%
5.37%
Operating Margin
-21.80%
-74.60%
101.11%
Net Margin
-25.36%
-58.72%
357.76%
EPS
-0.61
-27.38%
103.33%
No Data Available
OWLT Earnings Analysis
Owlet, Inc. Corporation (OWLT.N) Earnings Conference Call
Positive
Strong Revenue Growth: During the third quarter of 2024, we achieved net revenue of $22.1 million, representing strong year-over-year growth of 141%, driven primarily by global Dream Sock sales.
Gross Margin Expansion: We also saw continued gross margin expansion as third quarter gross margins increased to 52%, up 1,590 basis points versus third quarter 2023.
Record Adjusted EBITDA Growth: Third quarter adjusted EBITDA was a record for Owlet at $0.6 million, a significant improvement of $6.1 million compared to the same period last year.
Record Revenue Momentum: We are seeing continued strong momentum with Amazon following our FDA clearance and shift to Amazon 1P as our distribution partner, achieving record revenue during Prime Day events.
Visitor and Engagement Surge: In the third quarter, we increased press unique monthly visitors by 110% quarter-over-quarter in addition to 50 million organic social impressions with over 1 million engagements.
Negative
Quarterly Revenue Surge: Net revenue in the third quarter was $22.1 million, a year-over-year increase of 141%.
Quarterly Operating Loss Comparison: Operating loss in the third quarter was $4.8 million compared to $7.9 million in the same period last year.
Quarterly Net Loss Comparison: Net loss in the third quarter was $5.6 million versus $5.6 million in the same period last year.
Operating Expenses Increase: Total operating expenses in the third quarter were $16.4 million including stock-based compensation of $2.7 million representing an increase of $5.2 million versus the same period last year.
Adjusted EBITDA Loss Forecast: Adjusted EBITDA loss for the full year 2024 is expected to be between $5 million to $3 million.
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OWLT Earning Call Sentiment
Owlet, Inc. (OWLT) Q3 2024 Earnings Call Transcript
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00:00
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OWLT.N
-0.22%Positive
The earnings call highlights strong financial performance with a 141% YoY revenue increase, improved gross margins, and positive EBITDA. Despite operational challenges and competitive pressures, management's focus on profitability and expansion into medical channels is promising. The follow-on equity offering and debt restructuring strengthen financial health. The Q&A reveals positive consumer sentiment and strategic international expansion plans, though some regulatory and supply chain risks remain. Overall, the positive financial metrics and strategic initiatives outweigh the risks, suggesting a positive stock price movement.