2023 Q1 Form 10-K Financial Statement

#000162828023011016 Filed on April 06, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $10.74M $12.00M $69.20M
YoY Change -50.15% -580.0% -8.76%
Cost Of Revenue $6.583M $8.600M $45.90M
YoY Change -48.5% 145.71% 12.54%
Gross Profit $4.153M $3.400M $23.30M
YoY Change -52.57% -156.67% -33.54%
Gross Profit Margin 38.68% 28.33% 33.67%
Selling, General & Admin $12.22M $19.50M $80.00M
YoY Change -44.22% -2.99% 15.24%
% of Gross Profit 294.22% 573.53% 343.35%
Research & Development $2.890M $4.500M $27.90M
YoY Change -66.18% -37.5% 30.21%
% of Gross Profit 69.59% 132.35% 119.74%
Depreciation & Amortization $293.0K $356.0K $1.418M
YoY Change -15.8% 6.59% 25.15%
% of Gross Profit 7.06% 10.47% 6.09%
Operating Expenses $15.11M $24.10M $107.9M
YoY Change -50.38% -11.72% 18.77%
Operating Profit -$10.96M -$20.70M -$84.60M
YoY Change -49.5% -37.84% 51.63%
Interest Expense $2.812M -$300.0K -$1.100M
YoY Change 1144.25% -25.0% -162.08%
% of Operating Profit
Other Income/Expense, Net -$911.0K $1.500M $6.400M
YoY Change -87.09% -84.54% -140.3%
Pretax Income -$11.87M -$19.50M -$79.30M
YoY Change -58.72% -18.75% 10.64%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$11.87M -$19.50M -$79.30M
YoY Change -58.73% -18.75% 10.59%
Net Earnings / Revenue -110.53% -162.5% -114.6%
Basic Earnings Per Share -$0.11 -$0.71
Diluted Earnings Per Share -$0.11 -$0.17 -$0.71
COMMON SHARES
Basic Shares Outstanding 117.5M shares 114.9M shares 111.3M shares
Diluted Shares Outstanding 113.5M shares 111.3M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.77M $11.20M $11.20M
YoY Change -63.97% -88.22% -88.22%
Cash & Equivalents $24.77M $11.20M $11.20M
Short-Term Investments
Other Short-Term Assets $4.957M $5.600M $5.600M
YoY Change -25.48% -54.1% -54.1%
Inventory $14.74M $18.50M $18.50M
Prepaid Expenses
Receivables $15.40M $16.00M $16.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $59.86M $51.30M $51.30M
YoY Change -48.72% -62.23% -62.22%
LONG-TERM ASSETS
Property, Plant & Equipment $834.0K $3.400M $3.400M
YoY Change -52.01% 81.82% 78.95%
Goodwill
YoY Change
Intangibles $2.270M $2.279M
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.035M $1.100M $1.100M
YoY Change 26.99% 83.33% 83.33%
Total Long-Term Assets $6.067M $6.800M $6.800M
YoY Change -17.77% 60.68% 61.9%
TOTAL ASSETS
Total Short-Term Assets $59.86M $51.30M $51.30M
Total Long-Term Assets $6.067M $6.800M $6.800M
Total Assets $65.93M $58.10M $58.10M
YoY Change -46.88% -58.51% -58.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.84M $30.40M $30.40M
YoY Change 31.12% 9.49% 9.35%
Accrued Expenses $14.04M $20.00M $20.00M
YoY Change -60.07% -36.97% -36.91%
Deferred Revenue $1.042M $1.148M
YoY Change -7.62% 8.2%
Short-Term Debt $0.00 $4.700M $4.700M
YoY Change -100.0%
Long-Term Debt Due $4.798M $10.40M $10.40M
YoY Change -32.61% 21.87% 22.35%
Total Short-Term Liabilities $50.72M $66.60M $66.60M
YoY Change -29.13% -3.6% -3.62%
LONG-TERM LIABILITIES
Long-Term Debt $3.500M $0.00 $0.00
YoY Change -46.1% -100.0% -100.0%
Other Long-Term Liabilities $2.007M $2.100M $2.100M
YoY Change 918.78% 194.94% -72.73%
Total Long-Term Liabilities $5.507M $2.100M $2.100M
YoY Change -17.68% -75.88% -86.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $50.72M $66.60M $66.60M
Total Long-Term Liabilities $5.507M $2.100M $2.100M
Total Liabilities $81.89M $68.70M $68.70M
YoY Change -13.16% -19.04% -18.99%
SHAREHOLDERS EQUITY
Retained Earnings -$234.6M -$222.8M
YoY Change 36.27% 55.32%
Common Stock $12.00K $12.00K
YoY Change 9.09% 9.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$20.48M -$10.60M -$10.60M
YoY Change
Total Liabilities & Shareholders Equity $65.93M $58.10M $58.10M
YoY Change -46.88% -58.51% -58.5%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$11.87M -$19.50M -$79.30M
YoY Change -58.73% -18.75% 10.59%
Depreciation, Depletion And Amortization $293.0K $356.0K $1.418M
YoY Change -15.8% 6.59% 25.15%
Cash From Operating Activities -$9.374M -$9.825M -$81.38M
YoY Change -65.78% 66.61% 100.66%
INVESTING ACTIVITIES
Capital Expenditures $6.000K $162.0K $636.0K
YoY Change -97.44% -135.22% -34.37%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$8.000K -$162.0K -$1.565M
YoY Change -98.86% -63.18% -22.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.500M $6.000M
YoY Change 0.0% 500.0%
Cash From Financing Activities $22.92M -1.956M -$878.0K
YoY Change 1188.14% -85.56% -100.73%
NET CHANGE
Cash From Operating Activities -$9.374M -9.825M -$81.38M
Cash From Investing Activities -$8.000K -162.0K -$1.565M
Cash From Financing Activities $22.92M -1.956M -$878.0K
Net Change In Cash $13.53M -11.94M -$83.82M
YoY Change -151.43% -39.95% -207.4%
FREE CASH FLOW
Cash From Operating Activities -$9.374M -$9.825M -$81.38M
Capital Expenditures $6.000K $162.0K $636.0K
Free Cash Flow -$9.380M -$9.987M -$82.02M
YoY Change -66.05% 83.69% 97.51%

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ProceedsFromShortTermDebt
44530000 usd
CY2021 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
13708000 usd
CY2022 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
40026000 usd
CY2021 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
21194000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
5000000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
6000000 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1000000 usd
CY2022 owlt Deferred Transaction Financing Costs Net
DeferredTransactionFinancingCostsNet
0 usd
CY2021 owlt Deferred Transaction Financing Costs Net
DeferredTransactionFinancingCostsNet
11610000 usd
CY2022 owlt Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
0 usd
CY2021 owlt Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
133889000 usd
CY2022 owlt Payments For Cash Payout Of Stock Options Upon Merger
PaymentsForCashPayoutOfStockOptionsUponMerger
0 usd
CY2021 owlt Payments For Cash Payout Of Stock Options Upon Merger
PaymentsForCashPayoutOfStockOptionsUponMerger
9890000 usd
CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
618000 usd
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
108000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-878000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
120621000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-83823000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
78045000 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
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11231000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
95054000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
1075000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
1773000 usd
CY2022 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 usd
CY2021 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
47188000 usd
CY2022 owlt Conversion Of Related Party Convertible Notes To Common Stock
ConversionOfRelatedPartyConvertibleNotesToCommonStock
0 usd
CY2021 owlt Conversion Of Related Party Convertible Notes To Common Stock
ConversionOfRelatedPartyConvertibleNotesToCommonStock
33183000 usd
CY2022 owlt Common Stock Warrants Received Of Merger
CommonStockWarrantsReceivedOfMerger
0 usd
CY2021 owlt Common Stock Warrants Received Of Merger
CommonStockWarrantsReceivedOfMerger
22806000 usd
CY2022Q4 owlt Accrued Sales Return Current
AccruedSalesReturnCurrent
6756000 usd
CY2021Q4 owlt Accrued Sales Return Current
AccruedSalesReturnCurrent
21179000 usd
CY2022 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>
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-222758000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11231000 usd
CY2022 us-gaap Restructuring Charges
RestructuringCharges
1448000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
1178000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
679000 usd
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
41000 usd
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2279000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1696000 usd
CY2022Q4 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
CY2022 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
0 usd
CY2022 owlt Product Warranty Period
ProductWarrantyPeriod
P1Y
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1857000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
975000 usd
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
26226000 usd
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
27086000 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 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
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
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4165000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3776000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3057000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1906000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1108000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1870000 usd
CY2022Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P2Y
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3003000 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
3764000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2260000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2105000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1162000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
3267000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y8M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.063
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
1492000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
1231000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
530000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2235000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1170000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
18000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3423000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
156000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
3267000 usd
CY2022Q4 owlt Lessee Operating Lease Number Of Sublease Arrangements
LesseeOperatingLeaseNumberOfSubleaseArrangements
3 arrangement
CY2021 us-gaap Sublease Income
SubleaseIncome
277000 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
CY2021 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1985000 usd
CY2022 owlt Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
2584000 usd
CY2021 owlt Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
3554000 usd
CY2022 owlt Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
2433000 usd
CY2021 owlt Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
4121000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1386000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1235000 usd
CY2022 owlt Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
1050000 usd
CY2021 owlt Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
1644000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
10353000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
16534000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
10353000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
8534000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
0 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
7000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7993000 usd
CY2022Q4 owlt Long Term Debt Future Aggregate Maturity Year One
LongTermDebtFutureAggregateMaturityYearOne
8353000 usd
CY2022Q4 owlt Long Term Debt Future Aggregate Maturity Year Two
LongTermDebtFutureAggregateMaturityYearTwo
2000000 usd
CY2022Q4 owlt Long Term Debt Future Aggregate Maturity Total
LongTermDebtFutureAggregateMaturityTotal
10353000 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 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
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
79909 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.83
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
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
816866 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.32
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
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1108020 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
3.70
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
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
129433 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
4.34
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
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8383085 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.74
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
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
7356920 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
1.45
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
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1416000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4649000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1489000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y9M25D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
1489000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P5Y6M7D
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
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
3958000 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2822000 usd
CY2022 owlt Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodFairValue
91000 usd
CY2021 owlt Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodFairValue
9507000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.14
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
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
8379105 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
1489000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
1.74
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y9M25D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
5239000 usd
CY2022 owlt Employee Stock Purchase Plan Average Purchase Price Of Shares Purchased
EmployeeStockPurchasePlanAveragePurchasePriceOfSharesPurchased
1.70
CY2022 owlt Aggregate Intrinsic Value Of Shares Purchased Under Employee Stock Purchase Plan
AggregateIntrinsicValueOfSharesPurchasedUnderEmployeeStockPurchasePlan
64000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12856000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4259000 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
2228000 usd
CY2022 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
36000 usd
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DeferredTaxAssetInterestCarryforward
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69202000 usd
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RevenueFromContractWithCustomerExcludingAssessedTax
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3368000 usd
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1870000 usd
CY2022 dei Auditor Firm
AuditorFirmId
238

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