Owlet Q4 Revenue Jumps 29.6%, Beats Estimates on Strong Subscription Growth
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Owlet, Inc. reported strong fourth-quarter results, with revenue increasing 29.6% to $26.60 million, surpassing analyst expectations of $26.008 million. The company also beat adjusted EPS estimates. This performance was primarily driven by robust sales of its Dream product suite and significant growth in its Owlet360 subscription service, which now boasts over 110,000 paying subscribers, indicating successful revenue diversification. Furthermore, Owlet provided optimistic guidance, projecting Q1 2026 revenue between $20 million and $21 million and full-year 2026 revenue between $126 million and $130 million, alongside gross margin targets of 49% to 52%. This positive earnings report and outlook suggest continued operational momentum and could positively impact investor sentiment. Traders will be watching the sustained growth of the subscription base and the company's execution against its 2026 financial targets.
At the time of this announcement, OWLT was trading at $9.45 on NYSE in the Life Sciences sector, with a market capitalization of approximately $324.1M. The 52-week trading range was $2.75 to $16.94. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.