Filing Flows › Owlet (OWLT) › Q4 2024
Owlet (OWLT) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 11, 2025
Owlet (OWLT) reported revenue of $19.8M for the fourth quarter 2024 (Q4 2024), -6% from a year earlier and -10% from the quarter before. Operating margin was -39.8%, net loss $9.2M (46.5% of revenue).
Owlet, Q4 2024: revenue $19.8M (-6% year over year), operating margin -39.8%, net loss $9.2M, operating cash flow $3.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.8M | -10% | -6% |
| Operating profit | −$7.9M | — | — |
| Net earnings | −$9.2M | — | — |
| Operating cash flow | $3.0M | — | — |
| Free cash flow | $3.0M | — | — |
What changed
Revenue was $19.8M in Q4 2024, down 6% year over year and down 10% from the previous quarter.
Gross margin was 52.0%, up 5.0 points from a year earlier. Operating costs exceeded revenue by $7.9M, an operating margin of -39.8%. Operating expenses grew 41% against a revenue fall of 6%. The fastest-growing cost line was General & admin (+71%). The quarter ended with a net loss of $9.2M, wider than the previous quarter's $5.6M loss.
Operating cash flow was $3.0M. Non-cash charges added back $122K of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $10.5M. Capital expenditures of $33K left free cash flow of $3.0M.
Questions
What was Owlet's revenue in the fourth quarter 2024?
Owlet (OWLT) reported revenue of $19.8M for the fourth quarter 2024 (Q4 2024), -6% from a year earlier and -10% from the quarter before.
Was Owlet profitable in the fourth quarter 2024?
Operating loss was $7.9M (-39.8% of revenue) and net loss $9.2M.
Source: Owlet 10-K on SEC EDGAR.