Owlet Inc
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 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 Balance Sheets (Unaudited)
Condensed Consolidated Balance Sheets
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $21,502 | $16,557 |
| Restricted cash | 300 | — |
| Accounts receivable, net of allowance for credit losses of $592 and $3,322, respectively | 17,153 | 13,973 |
| Inventory | 10,597 | 6,493 |
| Prepaid expenses and other current assets | 2,729 | 2,921 |
| Total current assets | 52,281 | 39,944 |
| Property and equipment, net | 152 | 377 |
| Right of use assets, net | 67 | 937 |
| Intangible assets, net | 870 | 2,210 |
| Other assets | 2,760 | 655 |
| Total assets | $56,130 | $44,123 |
| Liabilities, Mezzanine Equity, and Stockholders’ Deficit | ||
| Current liabilities: | ||
| Accounts payable | $11,518 | $13,679 |
| Accrued and other expenses | 12,430 | 15,051 |
| Current portion of deferred revenues | 1,401 | 1,166 |
| Line of credit | 9,875 | 9,250 |
| Current portion of long-term and other debt | 466 | 5,944 |
| Total current liabilities | 35,690 | 45,090 |
| Long-term debt, net | 4,585 | — |
| Common stock warrant liabilities | 25,102 | 27,781 |
| Other long-term liabilities | 143 | 928 |
| Total liabilities | 65,520 | 73,799 |
| Commitments and contingencies (Note 5) | ||
| Mezzanine equity: | ||
| Series A convertible preferred stock, $0.0001 par value, 11,479 and 28,628 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 4,652 | 7,855 |
| Series B convertible preferred stock, $0.0001 par value; 9,250 and 0 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 3,104 | — |
| Redeemable common stock, 750,000 and 0 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 4,313 | — |
| Total mezzanine equity | 12,069 | 7,855 |
| Stockholders’ deficit: | ||
| Common stock, $0.0001 par value, 107,142,857 shares authorized as of September 30, 2024 and December 31, 2023; 15,393,881 and 8,797,456 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 2 | 1 |
| Additional paid-in capital | 237,682 | 218,127 |
| Accumulated deficit | (259,143) | (255,659) |
| Total stockholders’ deficit | (21,459) | (37,531) |
| Total liabilities, mezzanine equity, and stockholders’ deficit | $56,130 | $44,123 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.