Owlet CFO Amanda Crawford sold $782 worth of shares at Investing.com

Amanda Crawford, of Owlet, Inc. Chief Financial Officer (NYSE:) recently sold 182 shares of the company’s common stock. The transaction took place on January 16, 2025 at a price of $4.30 per share, for a total sale price of $782. Following this transaction, Crawford will own 150,508 shares in the company. The baby tracking technology company, with a market capitalization of $70 million, has seen impressive revenue growth of ~75% over the past twelve months. According to InvestingPro’s analysis, the stock currently appears to be undervalued relative to its fair value.

The sale was part of a non-obligatory transaction to cover taxes and liabilities associated with the issuance and redemption of restricted stock units. InvestingPro’s analysis shows that while the company operates with moderate debt levels and a fair financial health score, it faces challenges with profitability. Get more insights and a comprehensive pro research report on over 1,400 US stocks, to make more informed investment decisions.

In other recent news, Owlet Inc. It reported record Q3 revenue of $22.1 million, up 141 percent year-over-year. This impressive financial performance was mainly driven by the worldwide sales of the company’s Dream Sock. The company’s gross margins posted 6 consecutive quarters of growth to a record 52.2 percent, while adjusted EBTA turned positive by $0.6 million.

In addition to these developments, Oulet’s strategic initiatives, such as expanding distribution through Amazon (NASDAQ:) and expanding the medical sector with the BabySat monitor, played a significant role in the strong financial results. In addition, the company has launched a beta registration service, which has seen an 85% retention rate. Oulette ended the quarter with $21.5 million in cash and raised its 2024 revenue guidance to $74 million to $77.5 million.

Despite these positive results, the company’s operating expenses increased to $16.4 million, due in part to a $1.9 million non-cash charge and increased transaction costs. The operating loss was reported at $4.8 million, an improvement from last year’s $7.9 million. However, Owlette executives remain confident in the company’s market position and path to profitability. These are recent developments in the company’s financial performance.

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