Owlet Inc
For the period ended Mar 31, 2024. Filed May 13, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 13, 2024
OWLT$4.34-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (Unaudited)
Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net income (loss) | $3,274 | $(11,867) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 109 | 293 |
| Stock-based compensation | 2,227 | 2,789 |
| Provision for credit losses | (388) | 83 |
| Common stock warrant liability adjustment | (9,179) | (1,912) |
| Amortization of right of use assets | 356 | 332 |
| Other adjustments, net | 25 | 94 |
| Changes in assets and liabilities: | ||
| Accounts receivable | 2,765 | 480 |
| Prepaid expenses and other assets | 555 | 1,261 |
| Inventory | (1,245) | 3,771 |
| Accounts payable and accrued and other expenses | (1,158) | (5,661) |
| Other, net | (680) | 963 |
| Net cash used in operating activities | (3,339) | (9,374) |
| Cash flows from investing activities | ||
| Purchase of property and equipment | — | (6) |
| Purchase of intangible assets | (54) | (2) |
| Net cash used in investing activities | (54) | (8) |
| Cash flows from financing activities | ||
| Proceeds from issuance of preferred stock, net of $158 and $0 of paid transaction costs, respectively | 9,092 | 30,000 |
| Proceeds from short-term borrowings | 28,941 | 32,895 |
| Payments of short-term borrowings | (31,392) | (38,635) |
| Payments of long-term borrowings | (1,500) | (1,500) |
| Other, net | 92 | 156 |
| Net cash provided by financing activities | 5,233 | 22,916 |
| Net change in cash and cash equivalents | 1,840 | 13,534 |
| Cash and cash equivalents at beginning of period | 16,557 | 11,231 |
| Cash and cash equivalents at end of period | $18,397 | $24,765 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.