TDOC - Owlet: At The Intersection Of Telehealth And Infants

• Babytech is a fast growing and large opportunity ready to be tapped as tech savvy millennials start to realize the challenges of having kids.
• Owlet is the leader of babytech, with its Smart Sock reaching penetration of up to 20% in certain states and a full lineup of other products.
• There are numerous growth opportunities, including ramping up marketing spend, releasing new products, telehealth, and international expansion.
• Owlet is expected to show strong growth of 78% over the next few years and generate gross margins exceeding 50%, very high for a consumer product company.

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