Baby tech company Owlet reported a drop in revenue to $13.1 million in the second quarter of 2023, compared to $18.3 million for the same period last year. It also reached a milestone, garnering FDA clearance in June for BabySat, its medical pulse oximetry wire-free sock for infants.
The company reported a net loss of $8.5 million in Q2 2023, compared to $11.7 million in Q2 2022, and an...
Owlet, a tech company focusing on smart baby monitoring, announced it would proceed with a 1-for-14 reverse stock split of its Class A common stock effective July 7.
The announcement comes just one week after the company reported it obtained FDA clearance for its prescription pulse oximetry sock for infants dubbed BabySat.
The stock will trade on a split-adjusted basis when the New York Stock...
Owlet, a tech company focusing on smart baby monitoring, received FDA clearance for its medical pulse oximetry wire-free sock for infants dubbed BabySat.
BabySat uses pulse oximetry technology to monitor a baby's heart rate and oxygen saturation level and alerts caregivers when a reading is outside of prescribed ranges. The company says the device is for use per a healthcare provider's...
Telehealth and medical transportation company DocGo saw its shares rise after reporting its first quarter financial results, showing total revenue of $113 million with a net loss of $3.9 million.
The company reported a 19% decline in mobile health revenue from $90.1 million in the first quarter of 2022 to $72.9 million in the first quarter of 2023 but a 44% increase in transportation services...
Baby tech company Owlet cut expenses in the second half of the year as it made new submissions to the FDA, pitching the moves as steps toward profitability.
The company reported $69.2 million in revenue in 2022 compared to $75.8 million in 2021. Operating expenses were $107.9 million last year, compared to $90.9 million in 2021.
But Owlet said the increase was largely due to the launch of its...
Digital chronic condition management company DarioHealth posted a net loss of $15.9 million in the first quarter, slightly higher than the $15 million net loss from Q1 last year. But the company beat its revenue expectations with $8.06 million, a 124% increase from last year.
Total operating expenses were $19.9 million, compared with $15.4 million in Q1 2021 and $22.2 million during the fourth...
Baby wearable company Owlet is expanding its scope to young children with the launch of Owlet Dream Sock Plus, which is intended for children up to 5 years of age. Previously its smart socks only covered children up 1o 18 months.
The technology, which was designed to give insights about a child's sleep, can be around a child's foot. The wearable can send data via Bluetooth to a caregiver's Owlet...
Baby tech company Owlet announced a new smart baby monitor dubbed the Owlet Dream Duo, which was designed to help track a baby’s sleep and provide insights about the child’s sleep needs.
The system, which will set users back $399, includes a wearable sock monitor called the Dream Sock, an HD video camera and a digital sleep coach. Users can tap into the Dream App, which includes information...
Baby tech company Owlet has pulled its connected-sock wearables from the market following an October FDA warning letter that the company was out of regulatory compliance. The news, which was first spotted by Deseret News, comes less than a year after the company went public.
The sock in question was designed to track an infant’s heart rate, skin temperature, blood oxygenation and sleep data....
On Friday morning, baby tech company Owlet went public in a SPAC merger deal with Sandbridge Acquisition Corp. The company is trading for just under $10 per share on the New York Stock Exchange.
As part of the deal, Sandbridge and the concurrent private placement (PIPE) will provide Owlet $135 million to speed up its product line and will boost the company's valuation to more than $1 billion. ...
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