OWLET, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $105.7M | $78.1M | $54.0M | $69.2M | $75.8M | $75.4M |
| Cost of Revenue | $52.2M | $38.7M | $31.4M | $45.9M | $40.8M | $39.5M |
| Gross Profit | $53.5M | $39.3M | $22.6M | $23.3M | $35.1M | $35.9M |
| Gross Margin | 50.6% | 50.4% | 41.8% | 33.7% | 46.2% | 47.6% |
| Operating Expenses | ||||||
| Research & Development | $14.1M | $9.8M | $10.3M | $27.9M | $21.4M | $10.5M |
| SG&A Expense | $29.2M | $34.0M | $27.3M | $41.5M | $32.3M | $13.1M |
| Operating Income | $-8.3M | $-20.2M | $-28.6M | $-84.6M | $-55.8M | $-7.0M |
| Operating Margin | -7.8% | -25.9% | -53.0% | -122.3% | -73.6% | -9.3% |
| Interest Expense | $809.0K | $1.6M | $3.2M | $1.1M | $1.8M | $1.4M |
| Pretax Income | $-39.7M | $-12.5M | $-32.9M | $-79.3M | $-71.7M | $-10.5M |
| Income Tax Expense | $28.0K | $54.0K | $10.0K | $29.0K | $31.0K | $20.0K |
| Net Income | $-39.7M | $-12.5M | $-32.9M | $-79.3M | $-71.7M | $-10.5M |
| Net Margin | -37.5% | -16.1% | -60.9% | -114.6% | -94.5% | -14.0% |
| EPS (Basic) | $-2.31 | $-1.57 | $-4.53 | $-9.98 | $-1.13 | $-0.16 |
| EPS (Diluted) | — | $-1.57 | $-4.53 | $-9.98 | $-1.13 | $-0.16 |
| Shares Outstanding (Basic) | 18.1M | 11.0M | 8.3M | 8.0M | 63.2M | 65.9M |
| Shares Outstanding (Diluted) | 18.1M | 11.0M | 8.3M | 8.0M | 63.2M | 65.9M |
| Dividends Per Share | — | — | — | — | — | — |