Owlet (NYSE:OWLT) Full Year 2022 Results
Key Financial Results
- Revenue: US$69.2m (down 8.8% from FY 2021).
- Net loss: US$79.3m (loss widened by 11% from FY 2021).
- US$0.71 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Owlet EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 2.1%.
Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Medical Equipment industry in the US.
Performance of the American Medical Equipment industry.
The company's shares are down 14% from a week ago.
Risk Analysis
Before you take the next step you should know about the 4 warning signs for Owlet (2 are concerning!) that we have uncovered.
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