Sandbridge Acquisition Corporation SPAC Merger Partner Owlet Sees Prelim. Q1 Sales $21.5M-$22.0M, Up 45-48% YoY
Author: Bill Haddad | May 03, 2021 04:46pm
Preliminary Results Demonstrate Continued Strong Demand for Owlet's Growing Connected Ecosystem Product and Service Suite
- Net revenues estimated to be $21.5M-$22.0M, a 45-48% increase from Q1 2020.
- Gross margin estimated to be 57-58%, a 1,000-1,100 basis point increase from Q1 2020.
- Recent announcements of new additions to the Board of Directors, including former Livongo CEO Zane Burke and Laura Durr, former EVP and CFO at Polycom.
- Recent additions to the executive team, including Kate Scolnick as CFO and Caryn Johnson as Chief Marketing Officer.
Posted In: SBG
