Owlet CFO Amanda Crawford sells shares worth $782 Via Investing.com

Amanda Crawford, Chief Financial Officer of Owlet, Inc. (NYSE: ), recently sold 182 shares of the company’s common stock. The transaction, which took place on January 16, 2025, was made at a price of $4.30 per share, resulting in a total price of $782. After this transaction, Crawford owns 150,508 shares in the company. The childcare technology company, with a market capitalization of $70 million, has shown impressive revenue growth of ~75% over the past twelve months. To follow InvestingPro analysis, the stock currently appears to be undervalued relative to its fair value.

The sale was part of an unregulated transaction to cover taxes and fees associated with the issuance and payment of restricted stock units. InvestingPro the analysis reveals that although the company operates with moderate debt levels and maintains FAIR’s financial health score, it faces problems with profitability. Find out more and access the Pro Research Report, available for 1,400 US stocks, to make more informed investment decisions.

In other recent news, Owlet Inc. reported Q3 revenue of $22.1 million, marking a 141% year-over-year increase. This impressive financial performance was largely driven by global sales of the company’s Dream Sock. The company’s overall margins also reached 52.2%, showing growth for six consecutive quarters, while adjusted EBITDA became positive at $0.6 million.

In addition to these improvements, Owlet’s strategic initiatives, such as expanding distribution through Amazon (NASDAQ: ) and strengthening its presence in the medical sector with the BabySat machine, played a large role in the strong financial results. Additionally, the company launched a beta subscription service, which saw an 85% retention rate. Owlet ended the quarter with revenue of $21.5 million and raised its 2024 revenue guidance from $74 million to $77.5 million.

Despite these positive results, the company’s operating expenses increased to $16.4 million, partly due to an impairment charge of $1.9 million and rising costs. of marketing. Operating loss was reported at $4.8 million, although an improvement from $7.9 million the previous year. However, Owlet management remains confident about the company’s market position and path to profitability. These are the latest developments in the company’s financial performance.

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