<span item_type="fundamental" item_id="8fb10ebf3a9d2343719fc9bfb7fb2a5c" counter_id="ST/US/OWLTW" env="prod"></span><span item_type="announcement" item_id="513943341384335617" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 21.1 M.</p><p>EPS: As of FY2025 Q1, the actual value is USD 0.11.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Total Revenue</strong>: $21,104 for the three months ended March 31, 2025, compared to $14,750 for the same period in 2024, representing a 43.1% increase primarily due to higher sales of Dream Sock and Dream Duo products.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1816708/000162828025023909/owlt-20250331.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Gross Profit</strong>: $11,326 for the three months ended March 31, 2025, compared to $6,547 for the same period in 2024, a 73.0% increase.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1816708/000162828025023909/owlt-20250331.htm"></span></li><li><strong>Gross Margin</strong>: Increased from 44.4% in 2024 to 53.7% in 2025, driven by higher revenue, favorable product mix, lower returns, improved fixed cost absorption, and lower direct product and fulfillment costs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1816708/000162828025023909/owlt-20250331.htm"></span></li><li><strong>Operating Loss</strong>: - $2,671 for the three months ended March 31, 2025, compared to - $5,746 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1816708/000162828025023909/owlt-20250331.htm"></span></li><li><strong>Net Income</strong>: $3,025 for the three months ended March 31, 2025, compared to $3,274 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1816708/000162828025023909/owlt-20250331.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Used in Operating Activities</strong>: - $5,925 for the three months ended March 31, 2025, compared to - $3,356 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1816708/000162828025023909/owlt-20250331.htm"></span></li><li><strong>Net Cash Used in Investing Activities</strong>: - $110 for the three months ended March 31, 2025, compared to - $37 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1816708/000162828025023909/owlt-20250331.htm"></span></li><li><strong>Net Cash Provided by Financing Activities</strong>: $2,014 for the three months ended March 31, 2025, compared to $5,233 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1816708/000162828025023909/owlt-20250331.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Interest Expense</strong>: Increased by $830, from $161 for the three months ended March 31, 2024 to $991 for the same period in 2025, primarily due to interest and amortization of issuance costs related to the Company’s term loan facility and asset-based revolving credit facility.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1816708/000162828025023909/owlt-20250331.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company plans to continue addressing financial conditions by issuing common stock and preferred stock, entering into loan facility agreements, and maintaining revolving credit facilities.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1816708/000162828025023909/owlt-20250331.htm"></span></li><li><strong>Non-Core Business</strong>: The company is involved in legal proceedings that could impact its financial condition, but settlements have been reached in principle for certain claims.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1816708/000162828025023909/owlt-20250331.htm"></span></li></ul><h3>Priority</h3><ul><li>The company emphasizes the importance of securing additional funding to continue pursuing business objectives and responding to business opportunities, challenges, or unforeseen circumstances.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1816708/000162828025023909/owlt-20250331.htm"></span></li></ul>

OWLET INC | 10-Q: FY2025 Q1 Revenue: USD 21.1 M