2021 Q4 Form 10-K Financial Statement

#000162828022007346 Filed on March 25, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue -$2.500M $75.84M $0.00
YoY Change 0.58%
Cost Of Revenue $3.500M $40.78M $10.83M
YoY Change -67.68% 3.18%
Gross Profit -$6.000M $35.06M $10.17M
YoY Change -159.0% -2.28%
Gross Profit Margin 46.23%
Selling, General & Admin $20.10M $69.42M $444.1K
YoY Change 4425.7% 114.25%
% of Gross Profit 198.02% 4.37%
Research & Development $7.200M $21.43M $2.830M
YoY Change 154.42% 104.75%
% of Gross Profit 61.12% 27.83%
Depreciation & Amortization $334.0K $1.133M $250.0K
YoY Change 33.6% 29.78%
% of Gross Profit 3.23% 2.46%
Operating Expenses $27.30M $90.85M $444.1K
YoY Change 6046.85% 111.93%
Operating Profit -$33.30M -$55.79M $9.726M
YoY Change -442.39% 698.05%
Interest Expense -$400.0K $1.772M -$7.193M
YoY Change -94.44% 28.22%
% of Operating Profit -73.96%
Other Income/Expense, Net $9.700M -$15.88M -$2.210M
YoY Change -538.91% 352.45%
Pretax Income -$24.00M -$71.67M -$8.217M
YoY Change 192.08% 582.53%
Income Tax $0.00 $31.00K $0.00
% Of Pretax Income
Net Earnings -$24.00M -$71.70M -$8.217M
YoY Change 192.08% 581.53%
Net Earnings / Revenue -94.54%
Basic Earnings Per Share -$1.13
Diluted Earnings Per Share -$219.1K -$1.13 -$298.9K
COMMON SHARES
Basic Shares Outstanding 112.8M 63.22M shares
Diluted Shares Outstanding 63.22M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $95.10M $95.10M $1.287M
YoY Change 7287.96% 7287.96%
Cash & Equivalents $95.05M $95.10M $17.01M
Short-Term Investments
Other Short-Term Assets $12.20M $12.20M $93.00K
YoY Change 13018.28% 4354.99%
Inventory $17.98M $18.00M $7.912M
Prepaid Expenses $163.0K
Receivables $10.47M $10.50M $10.53M
Other Receivables $0.00 $0.00
Total Short-Term Assets $135.8M $135.8M $37.61M
YoY Change 261.08% 8599.05%
LONG-TERM ASSETS
Property, Plant & Equipment $1.870M $1.900M $1.718M
YoY Change 8.85% 10.59%
Goodwill
YoY Change
Intangibles $605.0K
YoY Change
Long-Term Investments $230.1M
YoY Change
Other Assets $600.0K $600.0K
YoY Change 231.49%
Total Long-Term Assets $4.232M $4.200M $2.504M
YoY Change 69.01% -98.17%
TOTAL ASSETS
Total Short-Term Assets $135.8M $135.8M $37.61M
Total Long-Term Assets $4.232M $4.200M $2.504M
Total Assets $140.0M $140.0M $40.12M
YoY Change 249.09% -39.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.77M $27.80M $16.38M
YoY Change 69.52% 69.73%
Accrued Expenses $31.73M $31.70M $10.59M
YoY Change 199.57% 9952.96%
Deferred Revenue $1.061M $1.643M
YoY Change -35.42%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.534M $8.500M $2.024M
YoY Change 321.64% 319.96%
Total Short-Term Liabilities $69.09M $69.10M $47.27M
YoY Change 46.15% 21813.55%
LONG-TERM LIABILITIES
Long-Term Debt $7.993M $8.000M $10.18M
YoY Change -21.48%
Other Long-Term Liabilities $712.0K $7.700M $494.0K
YoY Change 44.13% -75.62%
Total Long-Term Liabilities $8.705M $15.70M $10.67M
YoY Change -18.45% -50.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $69.09M $69.10M $47.27M
Total Long-Term Liabilities $8.705M $15.70M $10.67M
Total Liabilities $84.86M $84.80M $60.94M
YoY Change 39.25% 165.87%
SHAREHOLDERS EQUITY
Retained Earnings -$143.4M -$71.72M
YoY Change 99.98%
Common Stock $11.00K $2.000K
YoY Change 450.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $55.19M $55.20M -$68.01M
YoY Change
Total Liabilities & Shareholders Equity $140.0M $140.0M $40.12M
YoY Change 249.09% -39.55%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$24.00M -$71.70M -$8.217M
YoY Change 192.08% 581.53%
Depreciation, Depletion And Amortization $334.0K $1.133M $250.0K
YoY Change 33.6% 29.78%
Cash From Operating Activities -$5.897M -$40.56M -$133.4K
YoY Change 4321.87% 31338.76%
INVESTING ACTIVITIES
Capital Expenditures -$460.0K $969.0K $120.0K
YoY Change -483.33% 0.21%
Acquisitions
YoY Change
Other Investing Activities -$2.000M -$2.000M $0.00
YoY Change -99.13%
Cash From Investing Activities -$440.0K -$2.020M $0.00
YoY Change 91.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.000M
YoY Change
Cash From Financing Activities -13.55M $120.6M -18.03K
YoY Change 75052.52% 1767.78%
NET CHANGE
Cash From Operating Activities -5.897M -$40.56M -133.4K
Cash From Investing Activities -440.0K -$2.020M 0.000
Cash From Financing Activities -13.55M $120.6M -18.03K
Net Change In Cash -19.89M $78.05M -151.4K
YoY Change 13036.27% 1380.09%
FREE CASH FLOW
Cash From Operating Activities -$5.897M -$40.56M -$133.4K
Capital Expenditures -$460.0K $969.0K $120.0K
Free Cash Flow -$5.437M -$41.53M -$253.4K
YoY Change 2045.96% 3688.78%

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-2020000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1056000 USD
CY2021 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
13708000 USD
CY2020 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
12953000 USD
CY2021 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
21194000 USD
CY2020 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
11687000 USD
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
5000000 USD
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1000000 USD
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2021 owlt Proceeds From Paycheck Protection Program Loan Cares Act Of Two Thousand And Twenty
ProceedsFromPaycheckProtectionProgramLoanCARESActOfTwoThousandAndTwenty
0 USD
CY2020 owlt Proceeds From Paycheck Protection Program Loan Cares Act Of Two Thousand And Twenty
ProceedsFromPaycheckProtectionProgramLoanCARESActOfTwoThousandAndTwenty
2075000 USD
CY2021 owlt Deferred Transaction Financing Costs Net
DeferredTransactionFinancingCostsNet
11610000 USD
CY2020 owlt Deferred Transaction Financing Costs Net
DeferredTransactionFinancingCostsNet
0 USD
CY2021 owlt Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
133889000 USD
CY2020 owlt Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
0 USD
CY2021 owlt Payments For Cash Payout Of Stock Options Upon Merger
PaymentsForCashPayoutOfStockOptionsUponMerger
9890000 USD
CY2020 owlt Payments For Cash Payout Of Stock Options Upon Merger
PaymentsForCashPayoutOfStockOptionsUponMerger
0 USD
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
108000 USD
CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
117000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
120621000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6458000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
78045000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5273000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17009000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11736000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
95054000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17009000 USD
CY2021 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
47188000 USD
CY2020 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 USD
CY2021 owlt Conversion Of Related Party Convertible Notes To Common Stock
ConversionOfRelatedPartyConvertibleNotesToCommonStock
33183000 USD
CY2020 owlt Conversion Of Related Party Convertible Notes To Common Stock
ConversionOfRelatedPartyConvertibleNotesToCommonStock
0 USD
CY2021 owlt Common Stock Warrants Received Of Merger
CommonStockWarrantsReceivedOfMerger
22806000 USD
CY2020 owlt Common Stock Warrants Received Of Merger
CommonStockWarrantsReceivedOfMerger
0 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">Use of Estimates</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect reported amounts and disclosures. Accordingly, actual results could differ from those estimates. Key management estimates include those related to revenue recognition (including standalone selling price, usage period of hardware products sold, sales incentives, product returns and implied post contract support and service), allowances for doubtful accounts, write-downs for obsolete or slow-moving inventory, useful lives for property and equipment, impairment assessments for long-lived tangible and intangible assets, warranty obligations, the contingent beneficial conversion feature, valuation allowances for net deferred income tax assets, uncertain tax positions, and valuation of warrants and stock-based compensation.</span></div>
CY2021 owlt Contract With Customer Contra Revenue Customer Returns
ContractWithCustomerContraRevenueCustomerReturns
23164000 USD
CY2021 owlt Contract With Customer Reduction To Cost Of Revenues Customer Returns
ContractWithCustomerReductionToCostOfRevenuesCustomerReturns
8151000 USD
CY2021Q4 owlt Sales Returns Not Yet Received
SalesReturnsNotYetReceived
6701000 USD
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-143422000 USD
CY2021 owlt Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
133889000 USD
CY2020 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1696000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
329000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
605000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
183000 USD
CY2021Q4 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
1101000 USD
CY2021Q3 owlt Total Shares Of Common Stock Immediately After Business Combination
TotalSharesOfCommonStockImmediatelyAfterBusinessCombination
112783800 shares
CY2020Q4 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
0 USD
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
0 USD
CY2021 owlt Product Warranty Period
ProductWarrantyPeriod
P1Y
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
27086000 USD
CY2020 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
15317000 USD
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
496717 shares
CY2021Q3 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
9890000 USD
CY2021Q3 owlt Owlet Equityholders Common Stock
OwletEquityholdersCommonStock
90824573 shares
CY2021Q3 owlt Owlet Equity Holders Common Stock Percentage
OwletEquityHoldersCommonStockPercentage
0.81
CY2021Q3 owlt Share Of Sponsor And Related Parties
ShareOfSponsorAndRelatedParties
5750000 shares
CY2021Q3 owlt Percentage Of Sponsor And Related Parties Shares
PercentageOfSponsorAndRelatedPartiesShares
0.05
CY2021Q3 owlt Percentage Of Total Shares Of Common Stock Immediately After Business Combination
PercentageOfTotalSharesOfCommonStockImmediatelyAfterBusinessCombination
1
CY2021 owlt Gross Proceeds From Merger
GrossProceedsFromMerger
145499000 USD
CY2021Q3 owlt Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
133889000 USD
CY2021 owlt Common Stock Warrants Received Of Merger
CommonStockWarrantsReceivedOfMerger
22806000 USD
CY2021Q3 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
9890000 USD
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
66000 USD
CY2021 owlt Deferred Transaction Financing Costs Net
DeferredTransactionFinancingCostsNet
11610000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3776000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2736000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1906000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1018000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1870000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1718000 USD
CY2021Q4 owlt Accrued Sales Return Current
AccruedSalesReturnCurrent
21179000 USD
CY2020Q4 owlt Accrued Sales Return Current
AccruedSalesReturnCurrent
2844000 USD
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
924000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
378000 USD
CY2021 owlt Provision For Warranties Issued During The Period
ProvisionForWarrantiesIssuedDuringThePeriod
584000 USD
CY2020 owlt Provision For Warranties Issued During The Period
ProvisionForWarrantiesIssuedDuringThePeriod
1840000 USD
CY2021 owlt Settlements Of Warranty Claims During The Period
SettlementsOfWarrantyClaimsDuringThePeriod
847000 USD
CY2020 owlt Settlements Of Warranty Claims During The Period
SettlementsOfWarrantyClaimsDuringThePeriod
1294000 USD
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
661000 USD
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
924000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1802000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
845000 USD
CY2021 owlt Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
3554000 USD
CY2020 owlt Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
3319000 USD
CY2021 owlt Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
4121000 USD
CY2020 owlt Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
2362000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1235000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1802000 USD
CY2021 owlt Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
1644000 USD
CY2020 owlt Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
746000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
16534000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
12395000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
8534000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2024000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
7000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
191000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7993000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
10180000 USD
CY2021Q4 owlt Long Term Debt Future Aggregate Maturity Year One
LongTermDebtFutureAggregateMaturityYearOne
8534000 USD
CY2021Q4 owlt Long Term Debt Future Aggregate Maturity Year Two
LongTermDebtFutureAggregateMaturityYearTwo
6000000 USD
CY2021Q4 owlt Long Term Debt Future Aggregate Maturity Year Three
LongTermDebtFutureAggregateMaturityYearThree
2000000 USD
CY2021Q4 owlt Long Term Debt Future Aggregate Maturity Total
LongTermDebtFutureAggregateMaturityTotal
16534000 USD
CY2021Q3 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
3.1546
CY2021Q3 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
2000 USD
CY2021Q4 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
2 claim
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1541000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1587000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
953000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4081000 USD
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
1985000 USD
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
1221000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10215834 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.45
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9899765 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.38
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2623689 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.30
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
3794486 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.82
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
704672 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.63
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
417866 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.28
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4649000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
740000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1769796 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.75
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
3050929 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.71
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
7560 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.12
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
9622 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.63
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10357495 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.87
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10215834 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.45
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
6712145 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
0.73
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
6673539 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
0.30
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
17529000 USD
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y11M12D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
14775000 USD
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P5Y10M20D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
54135000 USD
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y3M14D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
36326000 USD
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y5M19D
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2822000 USD
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
842000 USD
CY2021 owlt Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodFairValue
9507000 USD
CY2020 owlt Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodFairValue
3879000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.62
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.02
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
10352973 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
17532000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
1.86
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y11M12D
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4259000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1070000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
8621000 USD
CY2021 owlt Period Required For Warrants To Become Exercisable Initial Public Offering
PeriodRequiredForWarrantsToBecomeExercisableInitialPublicOffering
P12M
CY2021Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2021 owlt Class Of Warrant Or Right Redemption Period After Warrants Become Exercisable
ClassOfWarrantOrRightRedemptionPeriodAfterWarrantsBecomeExercisable
P90D
CY2021Q4 owlt Common Stock Shares Subject To Vesting
CommonStockSharesSubjectToVesting
2807500 shares
CY2021 owlt Number Of Trading Days
NumberOfTradingDays
20 D
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
94973000 USD
CY2021Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
7061000 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
16954000 USD
CY2020Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
2993000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-15149000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2214000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-2192000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-296000 USD
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
14864000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1980000 USD
CY2021 owlt Effective Income Tax Rate Reconciliation Warrant Expense Benefit Amount
EffectiveIncomeTaxRateReconciliationWarrantExpenseBenefitAmount
-2067000 USD
CY2020 owlt Effective Income Tax Rate Reconciliation Warrant Expense Benefit Amount
EffectiveIncomeTaxRateReconciliationWarrantExpenseBenefitAmount
410000 USD
CY2021 owlt Effective Income Tax Rate Reconciliation Convertible Notes Conversion Amount
EffectiveIncomeTaxRateReconciliationConvertibleNotesConversionAmount
5473000 USD
CY2020 owlt Effective Income Tax Rate Reconciliation Convertible Notes Conversion Amount
EffectiveIncomeTaxRateReconciliationConvertibleNotesConversionAmount
0 USD
CY2021 owlt Effective Income Tax Rate Reconciliation Transaction Costs Amount
EffectiveIncomeTaxRateReconciliationTransactionCostsAmount
-941000 USD
CY2020 owlt Effective Income Tax Rate Reconciliation Transaction Costs Amount
EffectiveIncomeTaxRateReconciliationTransactionCostsAmount
0 USD
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
43000 USD
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
140000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
987000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
387000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
740000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
196000 USD
CY2021Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
780000 USD
CY2020Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
354000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
27339000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
14718000 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
836000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
212000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
30682000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
15867000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
30682000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
15818000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
0 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
49000 USD
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
30682000 USD
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
14864000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-71704000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-10521000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63216912 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63216912 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21956848 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21956848 shares
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.13
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.13
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.48
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.48
CY2021Q4 owlt Common Stock Shares Subject To Vesting
CommonStockSharesSubjectToVesting
2807500 shares
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
75842000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
75403000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1870000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1718000 USD
CY2021 dei Auditor Firm
AuditorFirmId
238

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