newsfilter
← Latest News
Business Wire·

Owlet Announces Third Quarter 2026 Financial Results; Initiates Camera Cable Guard Safety Update

  • Owlet reported Q3 2026 revenue of $30.4 million, a 4.9% decrease year-over-year, driven by lower hardware sales offset by subscription growth.
  • Subscription revenue reached $3.6 million in Q3 2026, an increase of $2.1 million from the prior year, with over 142,000 paying subscribers.
  • The company achieved a gross margin of 53.8% and operating income of $1.2 million for the quarter, alongside an Adjusted EBITDA of $3.5 million.
  • Owlet initiated a safety update to provide free replacement enclosed cable guard systems for all camera owners due to reports of exposed cables.
  • The company withdrew its full-year 2026 financial outlook citing anticipated remediation expenses, retail interruptions, and near-term demand uncertainty from the safety update.
  • Management identified errors related to overstatement of stock-based compensation expense due to valuation miscalculations, resulting in revised financial statements for prior periods in 2025 and 2026.
  • Conference call and webcast to review results were scheduled for November 13, 2026, at 8:30 a.m. ET.