Owlet, Inc. (OWLT) Misses Q3 EPS by 7c

Owlet, Inc. (NYSE: OWLT) reported Q3 EPS of ($0.13), $0.07 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $31.5 million versus the consensus estimate of $28.77 million.

Given the Smart Sock’s near-term regulatory status, the Company’s previously announced suspension of shipping of the Smart Sock in the United States in October 2021 and new product launch, the Company is not providing an update to its full year 2021 financial outlook at this time. The Company anticipates providing its next financial outlook in February 2022 as part of reporting its Q4 2021 and Full-Year 2021 results.

For earnings history and earnings-related data on Owlet, Inc. (OWLT) click here.

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