Owlet Swings to Q1 Net Loss of $3.3M Despite 6.4% Revenue Growth
OWLT sits 31% above its 52-week low of $3.99.
Summary
Owlet, Inc. reported its first-quarter 2026 results, revealing a significant swing to a net loss of $3.3 million, a notable deterioration from a net income of $3.0 million in Q1 2025. Despite this, the company achieved a 6.4% year-over-year revenue increase to $22.5 million and improved its gross margin to 54.5%. Adjusted EBITDA remained negative at $(1.5) million. Management highlighted positive subscription momentum and the launch of its OnCall pediatric telehealth service. While operational improvements in revenue and gross margin are positive, the substantial shift to a net loss indicates ongoing profitability challenges that will be a key focus for investors.
At the time of this announcement, OWLT was trading at $5.24 on NYSE in the Life Sciences sector, with a market capitalization of approximately $139.5M. The 52-week trading range was $3.99 to $16.94. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.