Owlet, Inc.

afternoon thank you for attending the outlet first quarter 2024 earnings call my name is cameron and i'll be your moderator for today all lines will be muted during the presentation presentation portion of the call with an opportunity for questions and answers at the end and i would now like to pass the conference over to your host mike cavanaugh investor relations you may proceed good afternoon everyone thank you for joining us today for outlet baby care incorporated

first quarter 2024 earnings call. We appreciate your time and interest in our company. Earlier today, Owlet Incorporated released financial results for the quarter and full year ended March 30, 2024. Release is currently available on the company's website at www.investors.owletcare.com. Our speakers for today's call are Kurt Workman, Owlet's co-founder and chief executive officer, and Kate Skolnick, our Chief Financial Officer. Kurt will begin with an overview of our performance and key developments, followed by Kate, who will provide a detailed review of our financial results. Following their remarks, we will open the call for your questions. Before we get started, we would like to remind participants that today's discussion will contain forward-looking statements based on current expectations. These statements are only predictions and are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include but are not limited to those described in our most recent filings with the SEC and in the risk factors section of our annual report on Form 10-K for the fiscal year ended December 31, 2024. Please note that the company assumes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. With that, I would now like to turn the call over to our CEO, Curt Workman.

Thanks, Mike. And also joining us on today's call is Jonathan Harris, Outlet's President and Chief Revenue Officer. Good afternoon, everyone, and thank you for joining Owlet's earnings call today. As always, we appreciate your ongoing support of Owlet. We're starting off the year with strong double-digit revenue and sell-through growth, gross margin expansion, significant operating cost savings, and adjusted EBITDA improvement over last year. In addition to our significant Q1 operational achievements, we met our business objectives in our healthcare business as we launched our go-to-market channels to include medical device sales, and have now integrated our first telehealth partnerships with Wheel on Owletcare.com. Our recent announcement of CE medical authorization in Europe, in addition to the recent FDA clearances, are a powerful endorsement of our technology, establishing Owlet as a leader in safe and effective health monitoring for infants. There's robust and discernible momentum for Owlet in the market. We believe this year is the turning point, propelling us to our vision of a safe and healthy journey for every baby and a sustainable growth company. In 2024, we have three main growth objectives. First, with the first FDA cleared monitor on the market, now is the time to drive significant adoption of the DreamSoc. Second, with the approval of BabySat, we are opening medical distribution channels to directly serve the babies who need the convenience and reliability of all at the very most with insurance reimbursement. Finally, we will be launching our new subscription service this year. leveraging our vast and growing data set to help guide parents through health and sleep challenges they face when caring for their newborn. I'll turn the time over to Jonathan Harris, our President and Chief Revenue Officer, to talk about the first two areas of focus for 2024, accelerating adoption and our new medical sales channels. Thanks, Kurt.