Owlet Q3 Earnings Preview: Revenue Expected to Decline Amid Amazon Regulation
OWLT Owlet Inc
$4.36 +4.56%
View chart & analysis → - 1Amazon began deactivating non-FDA-approved biometric baby monitors on August 10.
- 2Owlet's Q3 revenue consensus is $29.5 million, a 7.8% decrease from $32 million a year ago.
- 3Owlet's subscriber count has reached 130,000.
So what's the key point?
Amazon has started blocking the use of unapproved baby monitors. Experts expect Owlet's third-quarter revenue to decrease to $29.5 million.
Source Earnings Whispers · View original ↗
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