Owlet Inc. Raises 2025 Revenue Guidance After Strong Start to the Year

Published 11 hours agoOWLT

Owlet Inc. Raises 2025 Revenue Guidance After Strong Start to the Year

Owlet Inc. has revised its 2025 financial outlook upwards, following robust growth in the first quarter of the year. According to marketscreener.com, the company now expects its full-year revenue to be in the range of $91 million to $95 million, a boost from the prior estimate of $88 million to $92 million. This adjustment reflects increased confidence in their business trajectory moving forward.

In addition to the revenue forecast, Owlet projects its gross margins for 2025 will be between 50% and 52%. Furthermore, the company has set a goal to achieve adjusted EBITDA profitability for the full year, signaling a commitment to not just revenue growth but also improved operational efficiency, as reported by marketscreener.com.

As part of its strategy to realize these financial targets, Owlet is focusing on expanding its products and services. Initiatives include boosting the adoption of its DreamSock product, enlarging medical distribution channels, and growing its Owlet360 subscription service. These efforts underscore the company's strategic focus on fostering sustained growth and enhancing market presence.

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