Owlet Sees Prelim. Q4 2023 Revenue $21M Vs $21.160M Est.
Portfolio Pulse from Benzinga Newsdesk
Owlet, Inc. reported preliminary Q4 2023 revenue of $21 million, slightly below the estimated $21.160 million.
February 22, 2024 | 1:42 pm
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NEGATIVE IMPACT
Owlet's Q4 2023 revenue of $21 million falls short of the $21.160 million estimate.
Missing revenue estimates, even by a small margin, can negatively impact investor sentiment and stock price in the short term. Given the close miss, the impact might be moderate but still leans negative due to potential concerns over growth and financial performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100