Owlet, Inc. (OWLT) Reports Preliminary Third Quarter 2022 Net Revenue Results
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Owlet Reports Preliminary Third Quarter 2022 Net Revenue Results
October 19, 2022 9:00 AM EDTLEHI, Utah--(BUSINESS WIRE)-- Owlet, Inc. (NYSE: OWLT, Owlet or the Company) today reports preliminary unaudited net revenue results for the fiscal quarter ended September 30, 2022. The Company estimates its net revenues for the third quarter of this year will be $16 million to $18 million.
We remain focused on growing sell-through, expanding our retail footprint and remaining disciplined in our cost management. We do expect to see quarterly sales variability as we continue to re-establish our product portfolio and head into a seasonal fourth quarter amidst ongoing uncertain economic conditions. Were pleased with our operational progress in the third quarter of this... More
