2023 Q4 Form 10-Q Financial Statement

#000162828023038721 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $21.00M $9.182M
YoY Change 75.03% -47.11%
Cost Of Revenue $11.13M $5.853M
YoY Change 29.44% -54.08%
Gross Profit $9.872M $3.329M
YoY Change 190.35% -27.83%
Gross Profit Margin 47.0% 36.26%
Selling, General & Admin $10.67M $8.783M
YoY Change -45.3% -54.65%
% of Gross Profit 108.04% 263.83%
Research & Development $2.288M $2.426M
YoY Change -49.16% -65.67%
% of Gross Profit 23.18% 72.87%
Depreciation & Amortization $136.0K $180.0K
YoY Change -61.8% -49.3%
% of Gross Profit 1.38% 5.41%
Operating Expenses $12.95M $11.21M
YoY Change -46.25% -57.6%
Operating Profit -$3.082M -$7.880M
YoY Change -85.11% -63.89%
Interest Expense -$193.0K $134.0K
YoY Change -35.67% -131.98%
% of Operating Profit
Other Income/Expense, Net -$3.646M $2.239M
YoY Change -343.07% -8.76%
Pretax Income -$6.921M -$5.641M
YoY Change -64.51% -70.87%
Income Tax $5.000K $0.00
% Of Pretax Income
Net Earnings -$8.219M -$5.641M
YoY Change -57.85% -70.87%
Net Earnings / Revenue -39.13% -61.44%
Basic Earnings Per Share -$0.84
Diluted Earnings Per Share -$0.97 -$0.84
COMMON SHARES
Basic Shares Outstanding 8.569M shares 8.477M shares
Diluted Shares Outstanding 8.311M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.56M $15.20M
YoY Change 47.83% -34.41%
Cash & Equivalents $16.56M $15.17M
Short-Term Investments
Other Short-Term Assets $2.921M $1.900M
YoY Change -47.84% -68.8%
Inventory $6.493M $11.04M
Prepaid Expenses
Receivables $13.97M $9.418M
Other Receivables $0.00 $0.00
Total Short-Term Assets $39.94M $37.53M
YoY Change -22.14% -49.0%
LONG-TERM ASSETS
Property, Plant & Equipment $377.0K $496.0K
YoY Change -88.91% -63.93%
Goodwill
YoY Change
Intangibles $2.210M $2.219M
YoY Change -3.03%
Long-Term Investments
YoY Change
Other Assets $655.0K $800.0K
YoY Change -40.45% -2.68%
Total Long-Term Assets $4.179M $4.760M
YoY Change -38.54% -33.0%
TOTAL ASSETS
Total Short-Term Assets $39.94M $37.53M
Total Long-Term Assets $4.179M $4.760M
Total Assets $44.12M $42.29M
YoY Change -24.06% -47.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.68M $18.37M
YoY Change -55.0% -35.55%
Accrued Expenses $15.05M $10.13M
YoY Change -24.75% -60.09%
Deferred Revenue $1.166M $908.0K
YoY Change 1.57% -27.59%
Short-Term Debt $9.250M $4.900M
YoY Change 96.81% -2.0%
Long-Term Debt Due $5.944M $6.764M
YoY Change -42.85% -43.62%
Total Short-Term Liabilities $45.09M $41.10M
YoY Change -32.3% -43.02%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $500.0K
YoY Change
Other Long-Term Liabilities $906.0K $1.474M
YoY Change -56.86% 419.01%
Total Long-Term Liabilities $906.0K $1.974M
YoY Change -56.86% 595.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.09M $41.10M
Total Long-Term Liabilities $906.0K $1.974M
Total Liabilities $73.80M $67.33M
YoY Change 7.42% -11.72%
SHAREHOLDERS EQUITY
Retained Earnings -$255.7M -$248.7M
YoY Change 14.77% 22.37%
Common Stock $1.000K $1.000K
YoY Change -91.67% -90.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$37.53M -$31.95M
YoY Change
Total Liabilities & Shareholders Equity $44.12M $42.29M
YoY Change -24.06% -47.59%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$8.219M -$5.641M
YoY Change -57.85% -70.87%
Depreciation, Depletion And Amortization $136.0K $180.0K
YoY Change -61.8% -49.3%
Cash From Operating Activities -$1.576M -$5.190M
YoY Change -83.96% -67.35%
INVESTING ACTIVITIES
Capital Expenditures $29.00K $10.00K
YoY Change -82.1% -106.25%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$29.00K -$10.00K
YoY Change -82.1% -93.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.997M -4.370M
YoY Change -253.22% -321.49%
NET CHANGE
Cash From Operating Activities -1.576M -5.190M
Cash From Investing Activities -29.00K -10.00K
Cash From Financing Activities 2.997M -4.370M
Net Change In Cash 1.392M -9.570M
YoY Change -111.66% -32.04%
FREE CASH FLOW
Cash From Operating Activities -$1.576M -$5.190M
Capital Expenditures $29.00K $10.00K
Free Cash Flow -$1.605M -$5.200M
YoY Change -83.93% -66.95%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
661000 usd
owlt Provision For Warranties Issued During The Period
ProvisionForWarrantiesIssuedDuringThePeriod
163000 usd
owlt Provision For Warranties Issued During The Period
ProvisionForWarrantiesIssuedDuringThePeriod
550000 usd
owlt Settlements Of Warranty Claims During The Period
SettlementsOfWarrantyClaimsDuringThePeriod
372000 usd
owlt Settlements Of Warranty Claims During The Period
SettlementsOfWarrantyClaimsDuringThePeriod
397000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
503000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
814000 usd
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
500000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
72000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1162000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-6960000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-19362000 usd
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.84
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 Stockholders Equity
StockholdersEquity
29817000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-11718000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
21538000 usd
CY2023Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.071
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-29273000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-29273000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-59838000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-59838000 usd
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.84
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.56
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.56
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-7.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-7.55
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8212268 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8212268 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7928263 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7928263 shares
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3336000 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
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-10635000 usd
CY2023Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
653000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
43000 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
CY2022Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
41000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
55000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
101000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2789000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-11867000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-20167000 usd
CY2023Q2 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
1326000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2644000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-8467000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-27316000 usd
CY2023Q3 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
1319000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
114000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2210000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-5641000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-31952000 usd
us-gaap Net Income Loss
NetIncomeLoss
-25975000 usd
us-gaap Net Income Loss
NetIncomeLoss
-59838000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
706000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1062000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
7643000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
8415000 usd
owlt Change In Fair Value Of Common Stock Warrantliability
ChangeInFairValueOfCommonStockWarrantliability
-2679000 usd
owlt Change In Fair Value Of Common Stock Warrantliability
ChangeInFairValueOfCommonStockWarrantliability
-4802000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1016000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
930000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
91000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1210000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-6705000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10691000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-4093000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-6068000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-7573000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6161000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-19997000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-6901000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
945000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
847000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-21951000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-71555000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
480000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
19000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
923000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-30000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1403000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1513000 usd
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
28487000 usd
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
0 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
73290000 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
35892000 usd
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
74631000 usd
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
30929000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
500000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2000000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4500000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
269000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
615000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
25915000 usd
owlt Period Required For Warrants To Become Exercisable Initial Public Offering
PeriodRequiredForWarrantsToBecomeExercisableInitialPublicOffering
P12M
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1078000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3934000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-71880000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15165000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23174000 usd
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
107142857 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-248733000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-71555000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15165000 usd
owlt Proceeds From Issuance Of Convertible Preferred Stock Gross
ProceedsFromIssuanceOfConvertiblePreferredStockGross
30000000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3760000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4165000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3264000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3057000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
496000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1108000 usd
CY2023Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2219000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
265000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2279000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
206000 usd
CY2023Q3 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
1873000 usd
CY2022Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
0 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
0 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
0 usd
CY2023Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
0 usd
CY2022Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2023Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2023Q3 owlt Accrued Sales Return Current
AccruedSalesReturnCurrent
1224000 usd
CY2022Q4 owlt Accrued Sales Return Current
AccruedSalesReturnCurrent
6756000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
591000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
775000 usd
CY2023Q3 owlt Provision For Warranties Issued During The Period
ProvisionForWarrantiesIssuedDuringThePeriod
47000 usd
CY2022Q3 owlt Provision For Warranties Issued During The Period
ProvisionForWarrantiesIssuedDuringThePeriod
157000 usd
CY2023Q3 owlt Settlements Of Warranty Claims During The Period
SettlementsOfWarrantyClaimsDuringThePeriod
135000 usd
CY2022Q3 owlt Settlements Of Warranty Claims During The Period
SettlementsOfWarrantyClaimsDuringThePeriod
118000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
503000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
814000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
712000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1223000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1379000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1386000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1235000 usd
CY2023Q3 owlt Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
326000 usd
CY2022Q3 owlt Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
702000 usd
owlt Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
1146000 usd
owlt Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
2132000 usd
CY2023Q3 owlt Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
533000 usd
CY2022Q3 owlt Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
557000 usd
owlt Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
1516000 usd
owlt Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
1843000 usd
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1016000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1524000 usd
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1016000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1524000 usd
CY2023Q3 owlt Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
493000 usd
CY2022Q3 owlt Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
451000 usd
owlt Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
1061000 usd
owlt Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
982000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
7264000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
10353000 usd
CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
6764000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
10353000 usd
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
500000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 usd
CY2023Q3 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
5059000 usd
CY2023Q3 us-gaap Line Of Credit
LineOfCredit
4933000 usd
CY2023Q3 owlt Long Term Debt Future Aggregate Maturity Remainder Of Fiscal Year
LongTermDebtFutureAggregateMaturityRemainderOfFiscalYear
1749000 usd
CY2023Q3 owlt Long Term Debt Future Aggregate Maturity Year One
LongTermDebtFutureAggregateMaturityYearOne
5515000 usd
CY2023Q3 owlt Long Term Debt Future Aggregate Maturity Total
LongTermDebtFutureAggregateMaturityTotal
7264000 usd
CY2023Q1 owlt Related Party Transaction Monthly Interest Payment To Related Party
RelatedPartyTransactionMonthlyInterestPaymentToRelatedParty
3000000 usd
CY2023Q1 owlt Related Party Transaction Monthly Interest Payment To Related Party Payment Period
RelatedPartyTransactionMonthlyInterestPaymentToRelatedPartyPaymentPeriod
P36M
CY2021Q4 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
2 claim
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2210000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1840000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7643000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8415000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
1359000 usd
CY2023Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1 shares
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1513000 usd
CY2023Q3 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
253000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-29273000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-59838000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-59838000 usd
CY2023Q3 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2022Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1292856 shares
owlt Class Of Warrant Or Right Warrants Issued During Period
ClassOfWarrantOrRightWarrantsIssuedDuringPeriod
7882426 shares
owlt Class Of Warrant Or Right Warrants Exercised During Period
ClassOfWarrantOrRightWarrantsExercisedDuringPeriod
0 shares
CY2023Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
9175282 shares
CY2023Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
15016000 usd
CY2023Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
24178000 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
11070000 usd
CY2022Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
724000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-5641000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-19362000 usd
us-gaap Net Income Loss
NetIncomeLoss
-25975000 usd
us-gaap Net Income Loss
NetIncomeLoss
-59838000 usd
CY2023Q3 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
1319000 usd
CY2022Q3 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
0 usd
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
3298000 usd
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
0 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6960000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-6960000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-19362000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-19362000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-29273000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8310965 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8310965 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7983948 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7983948 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8212268 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8212268 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7928263 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7928263 shares
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.84
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.84
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.42
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.42
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.56
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.56
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-7.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-7.55
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
15514122 shares
CY2023Q3 owlt Common Stock Shares Subject To Vesting
CommonStockSharesSubjectToVesting
200536 shares
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9182000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17359000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
33006000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
57246000 usd
CY2023Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1786000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
3368000 usd

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
owlt-20230930_lab.xml Edgar Link unprocessable
0001628280-23-038721-index-headers.html Edgar Link pending
0001628280-23-038721-index.html Edgar Link pending
0001628280-23-038721.txt Edgar Link pending
0001628280-23-038721-xbrl.zip Edgar Link pending
a101-nonxemployeedirectorc.htm Edgar Link pending
a102-jonathanharrisofferle.htm Edgar Link pending
a103-secondamendmenttothir.htm Edgar Link pending
a105thirdamendmenttothirda.htm Edgar Link pending
ex-311owletinc302certifica.htm Edgar Link pending
ex-312owletinc302certifica.htm Edgar Link pending
ex-321owletinc906certifica.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
image_2a.jpg Edgar Link pending
image_4a.jpg Edgar Link pending
image_5a.jpg Edgar Link pending
image_6a.jpg Edgar Link pending
image_9a.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
owlt-20230930.htm Edgar Link pending
owlt-20230930.xsd Edgar Link pending
owlt-20230930_g1.jpg Edgar Link pending
owlt-20230930_cal.xml Edgar Link unprocessable
owlt-20230930_def.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
owlt-20230930_pre.xml Edgar Link unprocessable
owlt-20230930_htm.xml Edgar Link completed