Overview

* Owlet Q3 revenue rises 44.6% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, reflecting strong operational performance

* Company reports record Q3 net income of $4.1 mln, reversing a loss in Q3 2024

Outlook

* Owlet expects full-year 2025 revenue between $103 mln and $106 mln

* Company anticipates 2025 gross margins of 48% to 50%

* Owlet projects 2025 adjusted EBITDA between $1.25 mln and $2 mln

Result Drivers

* PRODUCT SALES - Increased sales of Dream Sock and Dream Duo products drove revenue growth

* INTERNATIONAL EXPANSION - Strong international growth with 171% increase yr/yr, supported by new regulatory clearance in India

* SUBSCRIPTION GROWTH - Owlet360 subscription surpasses 85,000 paying subscribers, expanding to international markets

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $32 mln $27.18

Revenue mln (4

Analysts

)

Q3 Beat $0.03 -$0.21

Adjusted (2

EPS Analysts

)

Q3 Beat $1.60 $483,250

Adjusted mln (4

EBITDA Analysts

)

Q3 Gross 50.60%

Margin

Q3 Gross $16.20

Profit mln

Q3 $15 mln

Operatin

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the advanced medical equipment & technology peer group is "buy"

* Wall Street's median 12-month price target for Owlet Inc ( OWLT ) is $13.00, about 15.4% above its November 12 closing price of $11.00

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)