Slide 1: Owlet, Inc. Q2 Earnings
Owlet, Inc. Q2 Earnings August 12, 2024
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Reform Act”). All statements contained in this presentation that do not relate to matters of historical fact should be consider
Slide 3: Owlet's Q2 Update
2024 Privileged & Confidential | 3 Owletʼs Q2 Update
Slide 4: Our Story
Our Story How it started Since Owletʼs founding in 2013, our shared love for every baby compels us to solve the unsolvable…
Slide 5: Parents around the world have the same questions and concerns for their children
|5 Parents around the world have the same questions and concerns for their children 140M Babies Born Each Year Globally(1) Safety Sickness Sleep Are they breathing? When should I call my Will we ever sleep again? doctor? ____________________ Sources: (1) 2022 - https://population.un.org/wpp/Download
Slide 6: Leading to the highest rate of primary & urgent care utilization
|6 Leading to the highest rate of primary 94% 126M & urgent care utilization Pediatric Visits in the Peace of Mind US/year 2016 (3) Treat & Release for infants 0-1(1) Inconvenient process just to know if baby is okay Long Travel and Wait Times Exposure to Sickness Is Baby Okay? $931-$1431 ER Visit (
Slide 7: Unlocking the value of our data with Owlet Care subscription service
|7 Unlocking the value of our data with ʻOwlet Careʼ our new subscription service Health Sleep Cam Understand babyʼs trends, their normal and Start each day with confidence with Gain a holistic understanding of your baby's when to seek attention. actionable, age-appropriate sleep insights day by ide
Slide 8: Over 70M Adults have a wearable to track their health
Over 70M Adults have a wearable to track their health. Parents want the same information for their children. (1) https://www.nhlbi.nih.gov/news/2023/study-reveals-wearable-device-trends-among-us-adults#:~:text=A lmost%20one%20in%20three%20Americans,Health%20Information%20National%20Trends%20Survey.
Slide 9: The opportunity for Owlet is a global one, and it's BIG
Privileged & Confidential | 9 The opportunity for Owlet is a global one, and itʼs BIG… Every Baby = 140M babies/year Canada 300k births Europe a year 4.3M births a year US 3.6M births a year India 25M births a year Australia 300k births a year Owlet sees significant potential for growth through drivi
Slide 10: Accelerating Growth & Profitability
| 10 Accelerating Growth & Profitability KEY AREAS OF GROWTH TARGET ● Adoption from FDA & EU med OPERATING device authorizations Subscription MODEL ● Medical Channels Medical Core Growth ● Subscription 2024 MARGIN CONTRIBUTION Medical Channels and Subscription both add significant margin Subscription
Slide 11: Q2 2024 Highlights
| 11 Q2 2024 Highlights $20.7M Net Revenue (+58% YOY) 50% Gross Margin (+1000 BPS YOY) (1) $0.1M Adjusted EBITDA (1) (vs. loss of $4.3M PY) Owlet has gained operational leverage from growing demand, margin improvement and lean operating expenses. (1) Adjusted EBITDA is a non-GAAP financial measure.
Slide 12: 2024 Outlook
2024 Outlook Full FY ʻ23 A Q1 ʻ24 A Q2 ʻ24 A Q3/4 ʻ24 E FY ʻ24 E YOY Growth Net Revenue $54M $14.8M $20.7M $37-42M $72.5-$77.5M 34-43% Gross Margin $22.6M $6.6M $10.3M $17-$21M $33.9-$37.9M 50-68% Gross Margin % 42% 44% 50% 46-50% 47-49% 500-700 BPS Adjusted EBITDA ($16.3M) ($3.1M) $0.1M ($3M)-$0 ($
Slide 13: Thank You
2024 | 13 Thank You