Just caught Owlet's earnings report and honestly the beat was pretty solid. They posted a $0.03 loss per share when everyone was expecting $0.13 - that's a 76% surprise to the upside. Revenue came in at $26.6M, beating estimates by about 4.6%, which is a nice improvement from $20.5M a year ago. Stock's still down 26% YTD though, so the market hasn't really given them credit for the improvement.

What's interesting is they've been beating estimates consistently - four times in a row now on both EPS and revenue. The company's in the electronics-miscellaneous products space, which is actually performing pretty well relative to other sectors. When I looked at dragonfly quotes from comparable companies like Dragonfly Energy Holdings, you see similar patterns of losses narrowing, so there's definitely momentum in this corner of the market.

The real question now is whether this is a turnaround story or just noise. Management's guidance for next quarter shows continued losses (-$0.14 expected), so they're not profitable yet. But if they keep beating estimates like this, the stock could start catching up. Worth monitoring how the estimates shift over the next few weeks - that usually tells you where institutional money thinks this is headed.