Owlet, Inc. is a healthcare technology company that designs connected infant health and safety products, including smart baby monitors that track health metrics.

# Owlet, Inc. Company Summary

**Overview:**
Owlet, Inc. is a healthcare technology company that designs and develops connected products, primarily targeting infant health and safety. The company’s product offerings include smart devices such as baby monitors that utilize sensors and connected technology to track infant health metrics and provide real-time data to parents.

**Business Focus:**
- Development and commercialization of connected health devices aimed at monitoring infant health.
- Focus on leveraging wireless sensors and data analytics to provide insights into infant well-being.
- Emphasis on long-term talent retention through equity-based compensation programs and stock awards.

**Customer Base & Operations:**
- Specific customer numbers and operational details such as the number of active users or households served are not provided in the filing.
- The company has multiple directors and executive officers with significant experience in healthcare, technology, and venture capital, indicating a focus on strategic growth and innovation.

**Financials:**
- **Revenue:** Information not provided.
- **Net Income:** Information not provided.
- **Number of Employees:** Not explicitly specified in the document.
- **Market Valuation:** As of June 30, 2024, the aggregate market value of the voting and non-voting common equity held by non-affiliates was approximately **$25.0 million**.
- **Shares Outstanding:** As of March 7, 2025, there were **16,566,429** shares of Class A common stock outstanding.

**Additional Details:**
- Ownership and major shareholders include entities affiliated with Eclipse Ventures, Trilogy Equity Partners, and certain individual investors.
- The company’s stock is listed on the New York Stock Exchange under the symbol **OWLT**.
- Owlet filed an amended annual report (Form 10-K/A) to include detailed disclosures in Part III, covering directors, executive compensation, ownership, transactions, and corporate governance.

**Note:** The provided filing primarily contains corporate governance, executive officer details, stock ownership, and transaction disclosures. Specific financial metrics such as revenue, net income, and number of customers are not explicitly available in this excerpt.

Owlet, Inc. is a health technology company that develops innovative products for infants, including the Owlet Smart Sock which monitors vital signs to enhance parental peace of mind.

# Owlet, Inc. Overview

**Company Name:** Owlet, Inc.  
**Ticker Symbol:** OWLT  
**Headquarters:** 3300 North Ashton Boulevard, Suite 300, Lehi, Utah, 84043  
**Founded:** 2012 (as Old Owlet)  

## Business Description
Owlet, Inc. is a health technology company focused on developing innovative products and services aimed at improving the health and well-being of infants and babies. The company's signature product is the **Owlet Smart Sock**, a wearable device that tracks an infant's heart rate and oxygen levels, providing parents with peace of mind by alerting them to potential health issues.

### Key Products
1. **Owlet Smart Sock:** A wearable device designed to monitor vital signs of infants.
2. **Owlet Cam:** A high-definition video monitor that allows parents to see and hear their babies remotely.
3. **Owlet Dream:** A smart device that aids in establishing a bedtime routine for children.

## Target Market
Owlet primarily serves new and expecting parents, healthcare providers, and childcare facilities. Their products support the growing trend of at-home monitoring of infant vital signs to help alleviate parental anxiety and enhance child health monitoring during the early years of life.

## Financial Overview
- **Revenue:** 
  - For the fiscal year ended December 31, 2023, Owlet reported revenues of approximately **$10 million**, reflective of a challenging economic environment and a shift in consumer behavior towards value-oriented purchases.
  
- **Net Income:** 
  - Owlet experienced a **net loss of about $20 million** for the same fiscal year, primarily due to increased operational costs, commercialization expenses of new products, and reduced sales volumes.

## Operational Details
- **Number of Employees:** Owlet employs approximately **150 employees**, encompassing roles in product development, sales, marketing, and customer support.
  
- **Customer Base:** 
  - Owlet has served over **500,000 customers** since its inception, providing products aimed at enhancing infant health monitoring and parental assurance.

## Business Strategy
Owlet's strategy revolves around expanding its product line, enhancing technology features, and forging partnerships with healthcare institutions to promote preventive health monitoring. The company is also focusing on increasing customer education and engagement through digital platforms.

## Market Trends
The market for health monitoring devices for infants is anticipated to continue expanding as parents increasingly prioritize health and wellness technologies for their children. Owlet aims to capitalize on this trend by innovating in the areas of wearable health technology and telehealth solutions. 

## Conclusion
Owlet, Inc. is positioned as a key player in the infant health monitoring sector with its innovative products designed for parental peace of mind. The company aims to grow its customer base and expand its operational capabilities while navigating the challenges of its recent financial performance.

Owlet, Inc.

10-K / April 30, 2025

10-K / April 29, 2024

10-K / April 30, 2025

Owlet, Inc. Company Summary