Owlet Inc
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
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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.
Jun 30, 2024 · Filed Aug 14, 2024
OWLT$4.34-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
Condensed Consolidated Statements of Cash Flows
(in thousands)
| Six Months Ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net income (loss) | $2,127 | $(20,334) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 213 | 530 |
| Stock-based compensation | 4,331 | 5,433 |
| Provision for credit losses | (384) | 55 |
| Common stock warrant liability adjustment | (10,207) | (283) |
| Amortization of right of use assets | 721 | 667 |
| Other adjustments, net | 37 | 39 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (2,538) | 2,925 |
| Prepaid expenses and other assets | 674 | 4,103 |
| Inventory | (1,608) | 6,222 |
| Accounts payable and accrued and other expenses | 1,196 | (16,134) |
| Lease liabilities | (955) | (1,335) |
| Other, net | (281) | 1,355 |
| Net cash used in operating activities | (6,674) | (16,757) |
| Cash flows from investing activities | ||
| Purchase of property and equipment | (3) | (6) |
| Purchase of intangible assets | (118) | (13) |
| Net cash used in investing activities | (121) | (19) |
| Cash flows from financing activities | ||
| Proceeds from issuance of preferred stock, net of $394 and $295 of paid transaction costs, respectively | 8,856 | 29,793 |
| Proceeds from short-term borrowings | 54,181 | 52,531 |
| Payments of short-term borrowings | (54,528) | (51,189) |
| Proceeds from long-term borrowings | — | 500 |
| Payments of long-term borrowings | (3,000) | (1,500) |
| Other, net | 92 | 156 |
| Net cash provided by financing activities | 5,601 | 30,291 |
| Net change in cash and cash equivalents | (1,194) | 13,515 |
| Cash and cash equivalents at beginning of period | 16,557 | 11,231 |
| Cash and cash equivalents at end of period | $15,363 | $24,746 |
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