Owlet Q2 Revenue Jumps 30%, Beats Estimates; Raises Margin Outlook
OWLT sits 54% above its 52-week low of $4.19.
Summary
Owlet delivered a strong Q2, with revenue up 29.9% to $33.9M, beating the $31.7M consensus. Adjusted EPS swung to a $0.20 profit versus the expected $0.05 loss, and adjusted EBITDA of $2.9M topped estimates. Gross margin hit 64.4%, driven by subscription growth and favorable product mix. Management raised its full-year gross margin outlook to 53%-55% and adjusted EBITDA to $10.75M-$12.75M, citing a one-time tariff refund. The company also backed its FY26 revenue guidance of $118M-$122M. This follows the $25M Wells Fargo credit facility secured in July, strengthening the balance sheet.
At the time of this announcement, OWLT was trading at $6.46 on NYSE in the Life Sciences sector, with a market capitalization of approximately $158.1M. The 52-week trading range was $4.19 to $16.94. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.