Recap: Owlet Q1 Earnings - Owlet (NYSE:OWLT)

Owlet OWLT reported its Q1 earnings results on Thursday, May 11, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Owlet beat estimated earnings by 11.11%, reporting an EPS of $-0.08 versus an estimate of $-0.09.

Revenue was down $10.80 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 6.06% increase in the share price the next day.

Here's a look at Owlet's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.15	-0.14	-0.19	-0.17
EPS Actual	-0.14	-0.17	-0.16	-0.17
Revenue Estimate	12.92M	17.35M	23.93M	21.62M
Revenue Actual	12.00M	17.36M	18.30M	21.50M

To track all earnings releases for Owlet visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.