Owlet Inc.

08/14/2026 | Press release | Distributed by Public on 08/14/2026 04:41

Quarterly Report for Quarter Ending 6/30/2026 (Form 10-Q)

Management's Discussion and Analysis of Financial Condition and Results of Operations.
The following discussion and analysis should be read in conjunction with the unaudited condensed consolidated financial statements and notes thereto included elsewhere in this Report and in "Management's Discussion and Analysis of Financial Condition and Results of Operations" of our Form 10-K and Form 10-K/A. Certain statements we make under the following discussion and analysis constitute "forward-looking statements" under the Reform Act. See "Cautionary Note Regarding Forward-Looking Statements" in this Report. You should consider our forward-looking statements in light of the risks discussed in our unaudited condensed consolidated financial statements, related notes and other financial information appearing elsewhere in this Report, the section entitled "Risk Factors" in our Form 10-K, Form 10-K/A and this Report, and our other filings with the SEC. Note that amounts included in the following discussion and analysis are presented in thousands and may not sum due to rounding. Also note that reported amounts reflect the revisions discussed in Note 11 to the consolidated financial statements as applicable.
Overview
Owlet is a leading pediatric health platform and the only company globally to offer U.S. FDA-cleared and internationally medically-certified wearable pediatric monitors for home use. Owlet's pediatric products and innovative software combine clinically tested monitoring systems, an integrated video platform, and a simple, easy-to-use app, providing parents with real-time health insights to stay informed on their child's well-being, support restful sleep, and provide peace of mind anywhere.
Components of Operating Results
Revenue
We recognize revenue primarily from products and the associated mobile applications. Revenue is recognized when control of goods and services is transferred to customers in an amount that reflects the consideration expected to be received by us in exchange for those goods and services. A growing minority portion of revenue is generated from subscriptions to our Owlet360 service. Subscription revenue is recognized ratably over the term of the subscription agreement. Subscription agreement terms are either month-to-month or one year. Amounts billed in excess of revenue recognized are reported in deferred revenue on our unaudited condensed consolidated balance sheets.
Cost of Revenue
Cost of revenue consists of product costs, including contract manufacturing, shipping and handling, depreciation and amortization relating to tooling and manufacturing equipment and capitalized internally developed software, warranty replacement, fulfillment costs, warehousing, hosting and platform costs, and reserves for excess and obsolete inventory. Cost of revenue associated with Owlet360 mainly consists of app store distribution fees and amortization relating to capitalized internally developed software.
Operating Expenses
General and Administrative. General and administrative expenses consist primarily of salaries, benefits, stock-based compensation, and bonuses for finance and accounting, legal, human resources, operations, quality and administrative executives and employees; third-party legal, accounting, customer service, software, and other professional services; corporate travel and entertainment; depreciation and amortization of property and equipment, litigation settlement costs, insurance loss recovery, and facilities rent.
Sales and Marketing. Sales and marketing expenses consist primarily of salaries, commissions, benefits, stock-based compensation, and bonuses for sales and marketing employees and contractors; third-party marketing expenses such as social media and search engine marketing, retail marketing, email marketing, and print marketing.
Research and Development. Research and development expenses consist primarily of salaries, benefits, stock-based compensation, and bonuses for employees and contractors engaged in the design, development, maintenance, and testing of our products, platforms and services, including quality and clinical testing. In addition, research and development expenses that qualify as internal-use software development costs are capitalized, reducing the expenses software development costs incurred in the period, and the amount capitalized may fluctuate significantly from period to period.
In addition, from time to time, our operating expenses include restructuring costs. Restructuring costs in the periods presented primarily related to employee severance in connection with our CEO transition in April 2026 and, to a lesser extent, management-approved plans designed to improve our cost structure and/or operations, such as our previously-announced decision to exit lower-margin, high-burden revenue streams in non-core geographies and new channels. Restructuring expenses consist of employee severance costs, contract termination costs and certain other exit costs to improve our cost structure in the future.
Other Income (Expense)
Interest Income (Expense), Net. Interest income (expense), net consists of interest incurred on our outstanding borrowings and amortization of debt financing costs. Interest income consists of interest earned on our money market funds and other cash and cash equivalents.
Common Stock Warrant Liability Adjustment. Mark to market adjustment to recognize the change in fair value of common stock warrant liabilities.
Other Income (Expense), Net. Other income (expense), net includes our net gain (loss) on foreign exchange transactions, net gain (loss) on insurance claim proceeds, and interest income on tariff refunds.
Loss on debt extinguishment. Excess of the reacquisition price paid to settle debt over its net carrying value.
Income Tax Provision. Income tax provision consists primarily of U.S. federal and state income taxes related to the tax jurisdictions in which we conduct business.
Results of Operations
The following table sets forth our results of operations for the periods, indicated in thousands:
Three Months Ended June 30, Six Months Ended June 30,
2026 2025 2026 2025
Revenue:
Hardware $ 30,645 $ 25,200 $ 50,424 $ 46,355
Subscription 3,220 863 5,897 1,263
Total revenue 33,865 26,063 56,321 47,618
Cost of revenue:
Hardware 11,023 12,453 20,367 22,079
Subscription 1,019 230 1,892 382
Total cost of revenue 12,042 12,683 22,259 22,461
Gross profit 21,823 13,380 34,062 25,157
Operating expenses:
General and administrative 9,570 7,019 18,818 14,086
Sales and marketing 5,950 4,315 10,422 8,315
Research and development 4,563 3,729 8,484 6,608
Total operating expenses 20,083 15,063 37,724 29,009
Operating income (loss) 1,740 (1,683) (3,662) (3,852)
Other income (expense):
Interest expense, net (707) (979) (1,390) (1,970)
Common stock warrant liability adjustment (105) (34,753) 2,520 (28,066)
Other income (expense), net 671 37 892 49
Loss on debt extinguishment (2,209) - (2,209) -
Total other income (expense), net (2,350) (35,695) (187) (29,987)
Loss before income tax provision (610) (37,378) (3,849) (33,839)
Income tax provision (10) (33) (17) (45)
Net loss and comprehensive loss $ (620) $ (37,411) $ (3,866) $ (33,884)
Accretion on convertible preferred stock (848) (848) (1,696) (1,696)
Allocation of accretion on convertible preferred stock to redeemable common stock 7 29 18 59
Accretion on redeemable common stock (9) (21) (22) (42)
Allocation of net loss attributable to redeemable common stockholders 5 1,293 42 1,183
Net loss attributable to redeemable common stockholders $ (3) $ (1,301) $ (38) $ (1,200)
Net loss attributable to common stockholders $ (1,465) $ (36,958) $ (5,524) $ (34,380)
Net loss per share attributable to redeemable common stockholders
Basic
$ (0.01) $ (2.31) $ (0.12) $ (2.13)
Diluted
$ (0.01) $ (2.31) $ (0.12) $ (2.13)
Weighted-average number of shares outstanding used to compute net loss per share attributable to redeemable common stockholders
Basic 252,500 562,500 307,610 562,500
Diluted 252,500 562,500 307,610 562,500
Net loss per share attributable to common stockholders
Basic
$ (0.05) $ (2.35) $ (0.20) $ (2.21)
Diluted
$ (0.05) $ (2.35) $ (0.29) $ (2.21)
Weighted-average number of shares outstanding used to compute net loss per share attributable to common stockholders
Basic
28,514,423 15,716,376 27,968,200 15,550,751
Diluted
28,514,423 15,716,376 28,077,338 15,550,751
Revenue
Three Months Ended June 30, Change Six Months Ended June 30, Change
(dollars in thousands) 2026 2025 $ % 2026 2025 $ %
Hardware $ 30,645 $ 25,200 $ 5,445 21.6 % $ 50,424 $ 46,355 $ 4,069 8.8 %
Subscription 3,220 863 2,357 273.1 % 5,897 1,263 4,634 366.9 %
Total revenue 33,865 26,063 7,802 29.9 % 56,321 47,618 8,703 18.3 %
The increase in hardware revenue for the three months ended June 30, 2026 was primarily due to approximately $6,800 impact reflecting an increase in consumer demand as compared to the prior year, partially offset by approximately $1,300 increase in discounts and returns associated with higher sales volume.
The increase in subscription revenue for the three months ended June 30, 2026 was due to an increase in subscribers for our Owlet360 service and higher average revenue per user.
The increase in hardware revenue for the six months ended June 30, 2026 was driven by an approximately $4,300 increase attributable to higher consumer demand compared to the prior year period, partially offset by an approximately $200 increase in discounts and returns resulting from the timing of promotional load-in dates and higher sales volume.
The increase in subscription revenue for the six months ended June 30, 2026 was due to an increase in subscribers for our Owlet360 service and higher average revenue per user.
Cost of Revenue, Gross Profit, and Gross Margin
Three Months Ended June 30, Change Six Months Ended June 30, Change
(dollars in thousands) 2026 2025 $ % 2026 2025 $ %
Cost of revenue:
Hardware $ 11,023 $ 12,453 $ (1,430) (11.5 %) $ 20,367 $ 22,079 $ (1,712) (7.8 %)
Subscription 1,019 230 789 343.0 % 1,892 382 1,510 395.3 %
Total cost of revenue 12,042 12,683 (641) (5.1 %) 22,259 22,461 (202) (0.9 %)
Gross profit:
Hardware 19,622 12,747 6,875 53.9 % 30,057 24,276 5,781 23.8 %
Subscription 2,201 633 1,568 247.7 % 4,005 881 3,124 354.6 %
Total gross profit
21,823 13,380 8,443 63.1 % 34,062 25,157 8,905 35.4 %
Gross margin:
Hardware 64.0 % 50.6 % 59.6 % 52.4 %
Subscription 68.4 % 73.3 % 67.9 % 69.8 %
Total gross margin 64.4 % 51.3 % 60.5 % 52.8 %
The decrease in hardware cost of revenue for the three months ended June 30, 2026 was primarily due to the impact of tariff refunds, partially offset by an increase in product sales. The increase in hardware gross margin was primarily due to the impact of tariff refunds, favorable product mix, and favorable fixed cost absorption.
The increase in subscription cost of revenue for the three months ended June 30, 2026 was primarily due to increased subscriptions to our Owlet360 service. The decrease in subscription gross margin is attributable to higher app store distribution fees.
The decrease in hardware cost of revenue for the six months ended June 30, 2026 was primarily due to the impact of tariff refunds, partially offset by an increase in product sales. The increase in hardware gross margin was primarily due to the impact of tariff refunds, favorable product mix, and favorable fixed cost absorption.
The increase in subscription cost of revenue for the six months ended June 30, 2026 was primarily due to increased subscriptions to our Owlet360 service. The decrease in subscription gross margin is attributable to higher app store distribution fees.
General and Administrative
Three Months Ended June 30, Change Six Months Ended June 30, Change
(dollars in thousands) 2026 2025 $ % 2026 2025 $ %
General and administrative $ 9,570 $ 7,019 $ 2,551 36.3 % $ 18,818 $ 14,086 $ 4,732 33.6 %
The increase for the three months ended June 30, 2026 was driven primarily by approximately $1,400 of stock-based compensation, a substantial portion of which was associated with the CEO transition in April 2026, approximately $600 in restructuring costs related to our CEO transition in April 2026 and the previously-announced reprioritization of core geographies and revenue channels, approximately $200 in bad debt expense with the remainder attributable to other normal course of business items.
The increase for the six months ended June 30, 2026 was driven primarily by approximately $2,700 of stock-based compensation, a substantial portion of which was associated with the CEO transition in April 2026, approximately $700 in increases of headcount related expenses, including salaries and benefits, and approximately $600 in restructuring costs related to our CEO transition in April 2026 and previously-announced reprioritization of core geographies and revenue channels with the remainder attributable to other normal course of business items.
Sales and Marketing
Three Months Ended June 30, Change Six Months Ended June 30, Change
(dollars in thousands) 2026 2025 $ % 2026 2025 $ %
Sales and marketing $ 5,950 $ 4,315 $ 1,635 37.9 % $ 10,422 $ 8,315 $ 2,107 25.3 %
The increase for the three months ended June 30, 2026 was driven primarily by approximately $1,500 in expanded retail marketing spend due to a shift in timing of large promotional event from the third quarter to the second quarter 2025, and approximately $100 in increased stock-based compensation.
The increase for the six months ended June 30, 2026 was driven primarily by approximately $1,700 in expanded retail marketing spend due to a shift in timing of large promotional event from the third quarter to the second quarter, and approximately $200 in increased stock-based compensation.
Research and Development
Three Months Ended June 30, Change Six Months Ended June 30, Change
(dollars in thousands) 2026 2025 $ % 2026 2025 $ %
Research and development $ 4,563 $ 3,729 $ 834 22.4 % $ 8,484 $ 6,608 $ 1,876 28.4 %
The increase for the three months ended June 30, 2026 was driven primarily by approximately $1,100 in higher personnel costs, approximately $300 in stock-based compensation, and approximately $100 in restructuring costs related the previously-announced reprioritization of core geographies. These increases were partially offset primarily by approximately $700 decrease due to decreased regulatory testing and geographic expansion costs and an increase in capitalized internally developed software costs.
The increase for the six months ended June 30, 2026 was driven primarily by approximately $1,900 in higher personnel costs, approximately $700 in stock-based compensation, and approximately $100 in restructuring costs related the previously-announced reprioritization of core geographies. These increases were partially offset primarily by approximately $800 decrease due to decreased regulatory testing and geographic expansion costs and an increase in capitalized internally developed software costs.
Other Income (Expense), Net
Three Months Ended June 30, Change Six Months Ended June 30, Change
(dollars in thousands) 2026 2025 $ % 2026 2025 $ %
Interest expense, net $ (707) $ (979) $ 272 (27.8 %) $ (1,390) $ (1,970) $ 580 (29.4 %)
Common stock warrant liability adjustment (105) (34,753) 34,648 (99.7 %) 2,520 (28,066) 30,586 (109.0 %)
Other income (expense), net 671 37 634 1713.5 % 892 49 843 1720.4 %
Loss on debt extinguishment (2,209) - (2,209) NM* (2,209) - (2,209) NM*
*Not meaningful ("NM").
The decrease in interest expense for the three and six months ended June 30, 2026 was driven primarily by a decrease in loan commitment amortization related to the WTI term loan facility due to the last loan commitment period ending in November 2025.
Fluctuations in our common stock warrant liability adjustment for the three and six months ended June 30, 2026 represents a significantly reduced magnitude of period-over-period fair value remeasurement of liability-classified common stock warrants as a result of the October 2025 warrant exchange.
Changes in other income (expense) for the three and six months ended June 30, 2026 were driven primarily by gains from insurance proceeds and interest income related to tariff refunds.
Loss on debt extinguishment for the three and six months ended June 30, 2026 was due to the extinguishment of the WTI term loan facility and ABL Line of Credit, of which $1,472 was due to the write-off of unamortized debt financing costs and unamortized loan commitment assets previously capitalized on the unaudited condensed consolidated balance sheets.
Non-GAAP Adjusted EBITDA
To supplement our unaudited condensed consolidated financial statements, which are prepared in conformity with U.S. GAAP, we use adjusted EBITDA, a non-GAAP financial measure, to enhance our understanding of U.S. GAAP financial measures, as an internal measure of business operating performance, and as a performance measure for benchmarking against our peers and competitors. We believe our presentation of adjusted EBITDA provides a meaningful perspective of the underlying operating performance of our current business and enables investors to better understand and evaluate our historical and prospective operating performance. We believe that this non-GAAP financial measure is an important supplemental measure of operating performance because it excludes items that vary from period to period without correlation to our core operating performance and highlight trends in our business that may not otherwise be apparent when relying solely on GAAP financial measures. Due to the nature of the items being excluded, such items do not reflect future gains, losses, expenses or benefits and are not indicative of our future operating performance. We believe investors, analysts and other interested parties use adjusted EBITDA in evaluating issuers, and the presentation of these measures facilitates a comparative assessment of our operating performance in addition to our performance based on GAAP results.
Non-GAAP financial measures should not be considered as an alternative to net loss as a measure of financial performance or any other performance measure derived in accordance with GAAP, and should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items.
Adjusted EBITDA is defined as net loss adjusted for income tax provision, interest expense, net, depreciation and amortization, impairment of intangible assets, common stock warrant liability adjustment, stock-based compensation, charges related to certain legal matters, restructuring costs, and loss on debt extinguishment.
Adjusted EBITDA is not a recognized term under GAAP, and our presentation of this non-GAAP measure does not replace the presentation of our financial results in accordance with GAAP. Because all companies do not use adjusted EBITDA (and similarly titled financial measures) in the same way, those measures as used by other companies may not be consistent with the way we calculate such measures. The non-GAAP financial measure included in this report should not be construed as a substitute for or better indicator of our performance than the most directly comparable GAAP financial measure. See the reconciliation table below for additional information regarding the non-GAAP financial measure included herein (in thousands):
Three Months Ended June 30, Six Months Ended June 30,
(dollars in thousands) 2026 2025 2026 2025
GAAP net loss $ (620) $ (37,411) $ (3,866) $ (33,884)
Income tax provision 10 33 17 45
Interest expense, net 707 979 1,390 1,970
Depreciation and amortization 211 109 396 228
Impairment of intangible assets 16 15 17 20
Common stock warrant liability adjustment 105 34,753 (2,520) 28,066
Stock-based compensation 3,323 1,539 6,723 3,134
Charges related to certain legal matters - 463 49 1,368
Restructuring costs 716 - 716 -
Loss on debt extinguishment 2,209 - 2,209 -
Non-GAAP Adjusted EBITDA $ 6,677 $ 480 $ 5,131 $ 947
Liquidity and Capital Resources
We fund our operations primarily with proceeds from issuances of our equity securities, borrowings under our loan facility, and sales of our products and services. As of June 30, 2026, we had cash and cash equivalents of $30,948, and additional availability of $7,531 on our line of credit. We believe our existing cash and cash equivalent balances, cash flows from operations, and borrowing capacity under our asset-based revolving credit agreement will be sufficient to meet our working capital and capital expenditure needs for at least the next 12 months. The accompanying unaudited condensed consolidated financial statements have been prepared on a going concern basis and accordingly, do not include any adjustments relating to the recoverability and classification of asset carrying amounts, or the amount and classification of liabilities that might result should we be unable to continue as a going concern. There can be no assurance that we will generate sufficient future cash flows from operations due to potential factors, including but not limited to inflation, recession, or reduced demand for our products. If revenue decreases from current levels, we may be unable to further reduce costs, or such reductions may limit our ability to pursue strategic initiatives and grow revenue in the future. Our future capital requirements may vary materially from those currently planned and will depend on many factors, including our rate of revenue growth, the timing and extent of spending on research and development efforts and other business initiatives, our planned sales and marketing activities, the timing of new product introductions, market acceptance of our products, and overall economic conditions. To the extent that current and anticipated sources of liquidity are insufficient to fund our future business activities and requirements, we may be required to seek additional equity or debt financing. The sale of additional equity would result in increased dilution to our stockholders. If we were to incur additional debt financing, it would result in increased debt service obligations and the instruments governing such debt could require additional operating and financing covenants that would restrict our operations.
Tariffs announced in 2025 have adversely impacted our cost of goods sold and gross margins and may continue to affect cash flows if elevated tariff rates persist. In February 2026, the U.S. Supreme Court issued a ruling invalidating certain tariffs previously imposed under the International Emergency Economic Powers Act (IEEPA). As a result of this ruling, we were eligible for a refund of tariffs previously paid on imported goods. During the three months ended June 30, 2026, we received $3,960 in IEEPA tariff refunds. Of this amount, $3,526 was recorded as a reduction to cost of goods sold for inventory sold, $205 was recorded as a reduction in the carrying value of inventory, and $229 was recorded as a component of other income (expense), net on the unaudited condensed consolidated statement of operations and comprehensive income (loss). The scope, duration, and impact of future tariff policies remain uncertain and could adversely affect our business, financial condition, results of operations, and cash flows. We will continue to monitor developments in this area and take actions to mitigate potential impacts as appropriate.
Equity Financings
See Note 7 within the Notes to Condensed Consolidated Financial Statements included elsewhere in this Report and refer to our Annual Report on Form 10-K filed with the SEC on March 9, 2026 for additional details regarding our common stock issuance, redeemable common stock, common stock warrants, and convertible preferred stock.
Debt and Other Financing Arrangements
See Note 4 within the Notes to Condensed Consolidated Financial Statements included elsewhere in this Report and refer to our Annual Report on Form 10-K filed with the SEC on March 9, 2026 for additional details regarding our debt arrangements, including the expected maturity of such arrangements.
Wells Fargo Line of Credit
On June 26, 2026, we entered into a 3-year $25,000 secured asset-based revolving credit agreement with Wells Fargo Bank, National Association ("Revolving Facility") that includes a $10,000 accordion feature under which the Revolving Facility may be expanded by agreement of the parties from up to $25,000 to up to $35,000 (in minimum increments of at least $5,000). Loans and other obligations under the Revolving Facility bear interest at a rate per annum equal to the daily Secured Overnight Financing Rate plus a margin of 2.00% or 2.25% depending on the monthly average excess availability under the Revolving Facility. The Credit Agreement requires that we comply with certain covenants, including that we (i) maintain at least $7,500 of liquidity at all times, and (ii) achieve certain minimum EBITDA thresholds specified in the Revolving Facility.
As of June 30, 2026, we had borrowings of $17,063 outstanding under the Revolving Facility. The outstanding borrowings as of June 30, 2026 were repaid to Wells Fargo in July 2026. The remaining borrowing capacity under the Revolving Facility was $7,531 as of June 30, 2026.
As of June 30, 2026, we were in compliance with all covenants under the Credit Agreement.
WTI Loan Facility
On June 26, 2026, in connection with our entry into the Revolving Facility, we repaid all outstanding borrowings under the WTI Loan Facility using proceeds from borrowings under the Revolving Facility, and terminated the WTI Loan Facility. We recognized a loss on extinguishment of $1,605 in connection with the extinguishment on the unaudited condensed consolidated statement of operations and comprehensive income (loss), of which $1,098 was due to the write-off of unamortized debt financing costs previously capitalized on the unaudited condensed consolidated balance sheets.
ABL Line of Credit
On June 26, 2026, in connection with our entry into the Revolving Facility, we terminated the ABL Line of Credit. We recognized a loss on extinguishment of $604 in connection with the extinguishment on the unaudited condensed consolidated statement of operations and comprehensive income (loss), of which $374 was due to the write-off of unamortized loan commitment assets previously capitalized on the unaudited condensed consolidated balance sheets.
Financed Insurance Premium
In 2025, the Company renewed a number of its insurance policies and entered into several new short-term commercial premium finance agreements with premium finance companies to be paid within one year. As of June 30, 2026, there was no remaining balance outstanding related to these agreements.
Cash Flows
The following table summarizes our cash flow (in thousands):
Six Months Ended June 30,
2026 2025
Net cash used in operating activities $ (5,141) $ (8,170)
Net cash used in investing activities (1,356) (199)
Net cash provided by financing activities 2,034 9,865
Net change in cash, cash equivalents, and restricted cash $ (4,463) $ 1,496
Operating Activities
For the six months ended June 30, 2026, net cash used in operating activities was $5,141 as compared to net cash used in operating activities of $8,170 in the prior year. The positive change in operating cash flows was primarily driven by a significant improvement in net loss that was largely offset by an unfavorable swing in the non-cash fair value adjustment on our common stock warrant liability. The improvement also reflected positive impacts from a $2,209 loss on debt extinguishment related to the June 2026 debt refinancing and $3,589 higher stock-based compensation expense, partially offset by a net unfavorable change in operating assets and liabilities, primarily due to a smaller source of cash from accounts payable and accrued expenses.
Investing Activities
For both the six months ended June 30, 2026 and June 30, 2025, we used $1,356 and $199 respectively, to invest in various projects, primarily for the development and enhancement of our subscription app.
Financing Activities
For the six months ended June 30, 2026 and June 30, 2025, net cash provided by financing activities was $2,034 and $9,865, respectively. The decrease is primarily driven by the repayment of long-term borrowings, related to the June 2026 debt refinancing.
Critical Accounting Policies and Estimates
There have been no material changes from the critical accounting policies and estimates disclosed in our Form 10-K and Form 10-K/A, other than policies disclosed in this Report.
Recent Tax Legislation
The One Big Beautiful Bill Act of 2025 (the "OBBBA") was signed into law on July 4, 2025. The OBBBA makes changes to the U.S. corporate income tax, including reinstating the option to claim 100% accelerated depreciation deductions on qualified property, with retroactive application beginning January 20, 2025, and immediate expensing of domestic research and development costs, with retroactive application beginning January 1, 2025. The Company determined that the OBBBA did not have a material impact on the unaudited condensed consolidated financial statements for the three and six months ended June 30, 2026. The Act includes multiple effective dates, with certain provisions effective in 2026 and 2027. The Company will continue to evaluate the impact of these provisions on our 2026 and subsequent financial statements.
Owlet Inc. published this content on August 14, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on August 14, 2026 at 10:44 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]