Owlet Expects FY24 Net Revenue Of $72.5M - $77.5M, Est $74.41M
Portfolio Pulse from Benzinga Newsdesk
Owlet expects FY24 net revenue to be between $72.5M and $77.5M, with an estimate of $74.41M. For the second half of 2024, the company projects net revenue between $37M and $42M, gross margins of 46% to 50%, and an Adjusted EBITDA loss ranging from ($3) million to break-even.
August 12, 2024 | 8:57 pm
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Owlet projects FY24 net revenue between $72.5M and $77.5M, with an estimate of $74.41M. For H2 2024, the company expects net revenue between $37M and $42M, gross margins of 46% to 50%, and an Adjusted EBITDA loss ranging from ($3) million to break-even.
The revenue projections for FY24 and H2 2024, along with gross margin and Adjusted EBITDA estimates, provide a positive outlook for Owlet. The range of potential outcomes indicates a stable financial performance, which is likely to have a positive short-term impact on the stock price.
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