Owlet, Inc. - OWLT STOCK NEWS

Owlet, Inc. (NYSE: OWLT) will join the Russell 3000® and Russell Microcap® Indexes on June 27, 2022. This addition, announced on June 3, 2022, is seen as a significant milestone that could enhance the company's visibility within the market. CEO Kurt Workman expressed optimism about the inclusion, highlighting its potential to drive growth and shareholder value. The Russell indexes are widely recognized benchmarks for institutional investors, aiding in tracking market performance and serving as bases for index-linked products.

Owlet, Inc. reported preliminary financial results for Q1 2022, generating revenues of $21.5 million, a slight decline from $21.9 million in Q1 2021. International revenues surged, accounting for 13% of total revenues, more than doubling year-over-year. The new Dream product line launched successfully across all retail channels, enhancing brand visibility. However, the company faced challenges with operating expenses reaching $30.5 million and a net loss of $28.8 million. The gross margin fell to 40.7%, impacted by cost inflation and higher return rates.

Owlet, Inc. (NYSE: OWLT) announced its participation in the Bank of America 2022 Global Healthcare Conference from May 9-13, 2022, in Las Vegas. Executives Kurt Workman (CEO) and Kate Scolnick (CFO) will present on May 12, 2022, at 10 a.m. PDT. A live webcast will be available on the Owlet Investor Relations website, with a replay accessible afterward. Founded in 2012, Owlet aims to empower parents with real-time data for a more confident parenting journey.

Owlet, Inc. (NYSE: OWLT) will announce its first quarter 2022 results on May 11, 2022, after the market closes. The earnings release will be available via Business Wire and on the company’s Investor Relations website. CEO Kurt Workman and CFO Kate Scolnick will host a conference call at 4:30 p.m. ET to discuss the results and provide updates. Investors can join the call by phone or via a live audio webcast on the company's website. A replay will also be accessible post-event.

Owlet, Inc. (NYSE: OWLT) has launched the Owlet Dream Sock Plus, an innovative sleep monitoring solution for children from birth to 5 years. Building on the success of the original Dream Sock, this device tracks sleep quality and provides personalized insights via the Owlet Dream App. Priced at $359, it includes a sensor, Base Station, and various sock sizes. The Dream Sock Plus enhances the existing product lineup, aiming to empower parents with data-driven tools for improving their child's sleep.

Owlet, Inc. (NYSE: OWLT) reported preliminary financial results for Q4 and FY2021, revealing revenues of $75.8 million and a gross profit of $35.1 million. The company faced challenges, including a $23.2 million contra-revenue adjustment due to product returns after receiving an FDA Warning Letter, leading to a net negative revenue of $2.5 million for Q4. Operating loss for Q4 reached $33.3 million. Owlet's international revenue grew over 100% year-on-year, and new product launches are expected to contribute positively in future quarters.

Owlet, Inc. (NYSE: OWLT) will participate in three investor conferences in March 2022. The events include the Cowen 42nd Annual Health Care Conference from March 7-9, the Roth 34th Annual Conference from March 13-15, and the Oppenheimer 32nd Annual Healthcare Conference from March 15-17. Co-Founder Kurt Workman and CFO Kate Scolnick will engage in fireside chats and investor meetings, with webcasts available on the Owlet website. Replay links will remain accessible for 90 days post-event. Owlet's mission is to support parents with timely information for better parenting.

Owlet, Inc. (NYSE: OWLT) will report its fourth quarter and full year results for the period ending December 31, 2021 after market close on March 7, 2022. CEO Kurt Workman and CFO Kate Scolnick will discuss the results, followed by a business update in a conference call at 5:00 p.m. ET. Interested participants can access the call via telephone or webcast. A replay will be available until March 14, 2022.