2022 Q4 Form 10-Q Financial Statement

#000162828022029858 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $12.00M $17.36M $31.51M
YoY Change -580.0% -44.9% 48.83%
Cost Of Revenue $8.600M $12.75M $16.62M
YoY Change 145.71% -23.33% 46.54%
Gross Profit $3.400M $4.613M $14.88M
YoY Change -156.67% -69.0% 51.46%
Gross Profit Margin 28.33% 26.57% 47.23%
Selling, General & Admin $19.50M $19.37M $22.32M
YoY Change -2.99% -13.23% 171.76%
% of Gross Profit 573.53% 419.86% 150.0%
Research & Development $4.500M $7.066M $6.320M
YoY Change -37.5% 11.8% 131.5%
% of Gross Profit 132.35% 153.18% 42.47%
Depreciation & Amortization $356.0K $355.0K $799.0K
YoY Change 6.59% -55.57% 207.31%
% of Gross Profit 10.47% 7.7% 5.37%
Operating Expenses $24.10M $26.43M $28.64M
YoY Change -11.72% -7.71% 161.71%
Operating Profit -$20.70M -$21.82M -$13.76M
YoY Change -37.84% 58.57% 1129.76%
Interest Expense -$300.0K -$419.0K $477.0K
YoY Change -25.0% -187.84% 26.53%
% of Operating Profit
Other Income/Expense, Net $1.500M $2.454M -$20.68M
YoY Change -84.54% -111.87% 5313.61%
Pretax Income -$19.50M -$19.37M -$34.44M
YoY Change -18.75% -43.77% 2194.54%
Income Tax $0.00 -$5.000K -$15.00K
% Of Pretax Income
Net Earnings -$19.50M -$19.36M -$34.46M
YoY Change -18.75% -43.81% 2195.54%
Net Earnings / Revenue -162.5% -111.54% -109.37%
Basic Earnings Per Share -$0.17 -$0.36
Diluted Earnings Per Share -$0.17 -$0.17 -$356.4K
COMMON SHARES
Basic Shares Outstanding 114.9M shares 114.4M shares 96.68M shares
Diluted Shares Outstanding 111.8M shares 96.68M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.20M $23.17M $114.9M
YoY Change -88.22% -79.83% 7886.54%
Cash & Equivalents $11.20M $23.17M $114.9M
Short-Term Investments
Other Short-Term Assets $5.600M $6.089M $1.000K
YoY Change -54.1% 608800.0% -99.67%
Inventory $18.50M $23.79M $10.23M
Prepaid Expenses $872.0K
Receivables $16.00M $20.52M $24.58M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $51.30M $73.58M $156.8M
YoY Change -62.23% -53.07% 8902.46%
LONG-TERM ASSETS
Property, Plant & Equipment $3.400M $1.375M $1.889M
YoY Change 81.82% -27.21%
Goodwill
YoY Change
Intangibles $2.279M $588.0K
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.100M $822.0K $398.0K
YoY Change 83.33% 106.53%
Total Long-Term Assets $6.800M $7.105M $3.492M
YoY Change 60.68% 103.47% -98.48%
TOTAL ASSETS
Total Short-Term Assets $51.30M $73.58M $156.8M
Total Long-Term Assets $6.800M $7.105M $3.492M
Total Assets $58.10M $80.68M $160.3M
YoY Change -58.51% -49.66% -30.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.40M $28.49M $16.46M
YoY Change 9.49% 73.1%
Accrued Expenses $20.00M $25.39M $17.43M
YoY Change -36.97% 45.63% 104483.91%
Deferred Revenue $1.148M $1.254M $1.868M
YoY Change 8.2% -32.87%
Short-Term Debt $4.700M $5.000M $11.13M
YoY Change -55.06%
Long-Term Debt Due $10.40M $12.00M $9.435M
YoY Change 21.87% 27.15%
Total Short-Term Liabilities $66.60M $72.13M $56.32M
YoY Change -3.6% 28.07% 108851.09%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $9.492M
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $2.100M $284.0K $13.00K
YoY Change 194.94% 2084.62% -99.84%
Total Long-Term Liabilities $2.100M $284.0K $9.505M
YoY Change -75.88% -97.01% 18.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.60M $72.13M $56.32M
Total Long-Term Liabilities $2.100M $284.0K $9.505M
Total Liabilities $68.70M $76.26M $83.30M
YoY Change -19.04% -8.45% 928.2%
SHAREHOLDERS EQUITY
Retained Earnings -$222.8M -$203.3M -$119.4M
YoY Change 55.32% 70.28% 395741.49%
Common Stock $12.00K $11.00K $11.00K
YoY Change 9.09% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$10.60M $4.419M $76.98M
YoY Change
Total Liabilities & Shareholders Equity $58.10M $80.68M $160.3M
YoY Change -58.51% -49.66% -30.84%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$19.50M -$19.36M -$34.46M
YoY Change -18.75% -43.81% 2195.54%
Depreciation, Depletion And Amortization $356.0K $355.0K $799.0K
YoY Change 6.59% -55.57% 207.31%
Cash From Operating Activities -$9.825M -$15.90M -$33.90M
YoY Change 66.61% -53.12% 10409.05%
INVESTING ACTIVITIES
Capital Expenditures $162.0K -$160.0K -$1.560M
YoY Change -135.22% -89.74% -400.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$162.0K -$160.0K -$1.560M
YoY Change -63.18% -89.74% -99.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.956M 1.973M 134.2M
YoY Change -85.56% -98.53% -42.11%
NET CHANGE
Cash From Operating Activities -9.825M -15.90M -33.90M
Cash From Investing Activities -162.0K -160.0K -1.560M
Cash From Financing Activities -1.956M 1.973M 134.2M
Net Change In Cash -11.94M -14.08M 98.70M
YoY Change -39.95% -114.27% 6761.08%
FREE CASH FLOW
Cash From Operating Activities -$9.825M -$15.90M -$33.90M
Capital Expenditures $162.0K -$160.0K -$1.560M
Free Cash Flow -$9.987M -$15.74M -$32.34M
YoY Change 83.69% -51.35% 3738.38%

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110995687 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47421668 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47421668 shares
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
55191000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
48000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3336000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-28758000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
29817000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
166000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3273000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-11718000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
21538000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
41000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
359000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1843000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-19362000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
4419000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-68009000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
244000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
828000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-7857000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-74794000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
24000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
785000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-5335000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-79320000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
47188000 usd
CY2021Q3 owlt Stock Issued During Period Value Conversion Of Convertible Securities In Connection With Reverse Recapitalization
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesInConnectionWithReverseRecapitalization
7122000 usd
CY2021Q3 owlt Reverse Recapitalization Transaction Net Of Fees
ReverseRecapitalizationTransactionNetOfFees
101035000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
77000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
697000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-34456000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
76975000 usd
owlt Common Stock Warrants Received Of Merger
CommonStockWarrantsReceivedOfMerger
22806000 usd
CY2021Q3 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
9890000 usd
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
66000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
0 usd
us-gaap Net Income Loss
NetIncomeLoss
-59838000 usd
us-gaap Net Income Loss
NetIncomeLoss
-47647000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1062000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
799000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
8415000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2310000 usd
owlt Interest Expense From Contingent Beneficial Conversion Feature
InterestExpenseFromContingentBeneficialConversionFeature
0 usd
owlt Interest Expense From Contingent Beneficial Conversion Feature
InterestExpenseFromContingentBeneficialConversionFeature
26061000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
5578000 usd
owlt Change In Fair Value Of Common Stock Warrantliability
ChangeInFairValueOfCommonStockWarrantliability
-4802000 usd
owlt Change In Fair Value Of Common Stock Warrantliability
ChangeInFairValueOfCommonStockWarrantliability
-5792000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
2098000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2140000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-982000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10691000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14750000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-6068000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5000000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6161000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2397000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-6901000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
6857000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
847000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-394000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-71555000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-34703000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
480000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
883000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
923000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
677000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1403000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1560000 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
35892000 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
13708000 usd
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
30929000 usd
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
8667000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
5000000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4500000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 usd
owlt Deferred Transaction Financing Costs Net
DeferredTransactionFinancingCostsNet
0 usd
owlt Deferred Transaction Financing Costs Net
DeferredTransactionFinancingCostsNet
11836000 usd
owlt Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
0 usd
owlt Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
133663000 usd
owlt Payments For Stock Option Cash Payout
PaymentsForStockOptionCashPayout
0 usd
owlt Payments For Stock Option Cash Payout
PaymentsForStockOptionCashPayout
9890000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
615000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
336000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
329000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4242000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3776000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1078000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
134150000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-71880000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
97887000 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
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23174000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
114896000 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-203260000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-40556000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-71555000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23174000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2867000 usd
CY2022Q3 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
1873000 usd
CY2021Q4 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
1101000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1906000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1375000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1870000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2325000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
473000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1696000 usd
CY2022Q3 us-gaap Restructuring Charges
RestructuringCharges
1204000 usd
CY2022Q3 us-gaap Preferred Stock Convertible Conversion Ratio
PreferredStockConvertibleConversionRatio
1
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 Total Shares Of Common Stock Immediately After Business Combination
TotalSharesOfCommonStockImmediatelyAfterBusinessCombination
112783800 shares
CY2021Q3 owlt Percentage Of Total Shares Of Common Stock Immediately After Business Combination
PercentageOfTotalSharesOfCommonStockImmediatelyAfterBusinessCombination
1
owlt Gross Proceeds From Merger
GrossProceedsFromMerger
145499000 usd
CY2021Q3 owlt Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
133889000 usd
CY2022Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
41000 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
41000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
0 usd
CY2022Q3 owlt Accrued Sales Return Current
AccruedSalesReturnCurrent
8897000 usd
CY2021Q4 owlt Accrued Sales Return Current
AccruedSalesReturnCurrent
21179000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
775000 usd
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
992000 usd
CY2022Q3 owlt Provision For Warranties Issued During The Period
ProvisionForWarrantiesIssuedDuringThePeriod
157000 usd
CY2021Q3 owlt Provision For Warranties Issued During The Period
ProvisionForWarrantiesIssuedDuringThePeriod
485000 usd
CY2022Q3 owlt Settlements Of Warranty Claims During The Period
SettlementsOfWarrantyClaimsDuringThePeriod
118000 usd
CY2021Q3 owlt Settlements Of Warranty Claims During The Period
SettlementsOfWarrantyClaimsDuringThePeriod
287000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
814000 usd
CY2021Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1190000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
661000 usd
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
924000 usd
owlt Provision For Warranties Issued During The Period
ProvisionForWarrantiesIssuedDuringThePeriod
550000 usd
owlt Provision For Warranties Issued During The Period
ProvisionForWarrantiesIssuedDuringThePeriod
708000 usd
owlt Settlements Of Warranty Claims During The Period
SettlementsOfWarrantyClaimsDuringThePeriod
397000 usd
owlt Settlements Of Warranty Claims During The Period
SettlementsOfWarrantyClaimsDuringThePeriod
442000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
814000 usd
CY2021Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1190000 usd
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3003000 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
3764000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2583000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1629000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1589000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
3218000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y10M24D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.063
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
390000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1089000 usd
CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
437000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1231000 usd
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
530000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
437000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1798000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1170000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
18000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3423000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
205000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
3218000 usd
CY2022Q3 owlt Lessee Operating Lease Number Of Sublease Arrangements
LesseeOperatingLeaseNumberOfSubleaseArrangements
3 arrangement
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
288000 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
1178000 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
679000 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2145000 usd
CY2022Q3 us-gaap Sublease Income
SubleaseIncome
287000 usd
CY2021Q3 us-gaap Sublease Income
SubleaseIncome
62000 usd
us-gaap Sublease Income
SubleaseIncome
687000 usd
us-gaap Sublease Income
SubleaseIncome
85000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1541000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1587000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
953000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
4081000 usd
CY2021Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
371000 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1111000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1379000 usd
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1831000 usd
CY2022Q3 owlt Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
702000 usd
CY2021Q3 owlt Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
1410000 usd
CY2022Q3 owlt Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
557000 usd
CY2021Q3 owlt Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
1167000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1524000 usd
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2074000 usd
CY2022Q3 owlt Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
451000 usd
CY2021Q3 owlt Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
848000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1235000 usd
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1802000 usd
owlt Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
2132000 usd
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7993000 usd
owlt Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
3428000 usd
owlt Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
1843000 usd
owlt Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
3156000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1524000 usd
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2074000 usd
owlt Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
982000 usd
owlt Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
1502000 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
11997000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
16534000 usd
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
11997000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
8534000 usd
CY2022Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
0 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
7000 usd
CY2022Q3 owlt Long Term Debt Future Aggregate Maturity Remainder Of Fiscal Year
LongTermDebtFutureAggregateMaturityRemainderOfFiscalYear
2323000 usd
CY2022Q3 owlt Long Term Debt Future Aggregate Maturity Year One
LongTermDebtFutureAggregateMaturityYearOne
7674000 usd
CY2022Q3 owlt Long Term Debt Future Aggregate Maturity Year Two
LongTermDebtFutureAggregateMaturityYearTwo
2000000 usd
CY2022Q3 owlt Long Term Debt Future Aggregate Maturity Total
LongTermDebtFutureAggregateMaturityTotal
11997000 usd
CY2021Q4 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
2 claim
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1840000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
697000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8415000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2310000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
2590000 usd
CY2022Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
16682000 usd
CY2022Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
2259000 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
94973000 usd
CY2021Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
7061000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5000 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-19362000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-34456000 usd
us-gaap Net Income Loss
NetIncomeLoss
-59838000 usd
us-gaap Net Income Loss
NetIncomeLoss
-47647000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
111775265 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
111775265 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
96681887 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
96681887 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110995687 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
110995687 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47421668 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47421668 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.36
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.36
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.54
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.54
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.00
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
35382380 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
27782869 shares
CY2022Q3 owlt Common Stock Shares Subject To Vesting
CommonStockSharesSubjectToVesting
2807500 shares
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17359000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
31505000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
57246000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
78354000 usd

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0001628280-22-029858.txt Edgar Link pending
0001628280-22-029858-xbrl.zip Edgar Link pending
ex-311owletinc302certifica.htm Edgar Link pending
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