Owlet, Inc. provided unaudited earnings guidance for the fourth quarter of 2023. For the quarter, company expects Gross Sales to be approximately $32.9 million, up 114% year over year. Net Revenue is expected to be approximately $21.0 million, up 75% year over year.

Gross Margin is expected to be approximately 47%, up over 1,900 basis points from 27.8% year over year and Net Loss is expected to be approximately $6.9 million, down 65% from $19.5 million year over year.