Owlet revises prior financial statements to correct stock-based compensation errors
OWLT•Owlet revised prior financial statements to correct stock-based compensation errors. It also withdrew its full-year 2026 outlook, citing expected remediation costs, fourth-quarter retail sales disruption, retailer returns and demand uncertainty.
1. Outlook withdrawn
Owlet withdrew its full-year 2026 financial outlook, citing expected remediation costs, fourth-quarter retail sales disruption, retailer returns and demand uncertainty.
2. Camera safety update
A safety report involving exposed camera cables prompted a cable guard safety update. Free replacement enclosed cable guard systems begin shipping today to camera owners upon request.
