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Owlet Reports Q2 Revenue Growth With Margin Expansion and Positive Operating Income

Owlet, Inc. logoOwlet, Inc.
Sig2.62Sen+5.85Env0.00Soc0.00Gov-1.80

Owlet posted record Q2 revenue of $33.9 million, up 29.9%, with subscription revenue rising to $3.2 million and gross margin at 64.4% (54.0% excluding a one-time $3.5 million tariff refund). Operating income swung to $1.7 million. Guidance for revenue, margin, and adjusted EBITDA was raised, while prior financial-statement errors will be corrected in the Form 10-Q.

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