Owlet, Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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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, 2025 · Filed Nov 13, 2025
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)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities | ||
| Net loss | $(30,488) | $(3,484) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 369 | 330 |
| Stock-based compensation | 4,516 | 7,046 |
| Provision for credit losses | 52 | (347) |
| Common stock warrant liability adjustment | 23,800 | (9,534) |
| Impairment of intangible and other assets | 36 | 1,892 |
| Amortization of right of use assets | 56 | 870 |
| Amortization of debt financing costs | 1,717 | 55 |
| Accrued warrant exchange transaction costs | 432 | — |
| (Gain)/loss on extinguishment of debt | — | 418 |
| (Gain)/loss on forgiveness on interest accrued | — | (508) |
| Write-off of prepaid deposit | 347 | — |
| Other adjustments, net | 278 | 150 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (16,513) | (2,483) |
| Prepaid expenses and other assets | (2,391) | 323 |
| Inventory | (4,127) | (4,243) |
| Accounts payable and accrued and other expenses | 10,907 | (3,051) |
| Lease liabilities | (82) | (1,130) |
| Other liabilities | — | (769) |
| Deferred revenue | 751 | 242 |
| Other, net | — | 8 |
| Net cash used in operating activities | (10,340) | (14,215) |
| Cash flows from investing activities | ||
| Purchase of property and equipment | (74) | (2) |
| Purchase of intangible assets | (62) | (93) |
| Capitalized internal-use software development costs | (318) | (492) |
| Net cash used in investing activities | (454) | (587) |
| Cash flows from financing activities | ||
| Proceeds from issuance of preferred stock, net of $0 and $394 of paid transaction costs, respectively | — | 8,856 |
| Proceeds from issuance of common stock, net of $0 and $1,041 of paid transaction costs | — | 10,559 |
| Proceeds from short-term borrowings | 67,730 | 28,479 |
| Payments of short-term borrowings | (55,397) | (28,332) |
| Proceeds from long-term borrowings | — | 7,500 |
| Payments of long-term borrowings | — | (5,000) |
| Payments related to debt extinguishment costs | — | (761) |
| Employee taxes paid related to the net share settlement of stock-based awards | (944) | (723) |
| Proceeds related to the issuance of common stock under stock plans | 963 | 372 |
| Debt financing costs paid | (174) | (609) |
| Issuance costs paid related to 2024 common stock and warrants | (276) | — |
| Issuance costs paid related to 2023 preferred stock and warrants | — | (450) |
| Warrant exchange transaction costs paid | (40) | — |
| Proceeds from exercise of common stock warrants | 1,822 | — |
| Other, net | 539 | 236 |
| Net cash provided by financing activities | 14,223 | 20,127 |
| Net change in cash, cash equivalents, and restricted cash | 3,429 | 5,325 |
| Cash, cash equivalents, and restricted cash at beginning of period | 20,631 | 16,557 |
| Cash, cash equivalents, and restricted cash at end of period | $24,060 | $21,882 |
Condensed Consolidated Statements of Cash Flows (continued)
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for income taxes | $45 | $30 |
| Cash paid for interest | 1,146 | 2,463 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Purchases of property and equipment included in accounts payable | $200 | $33 |
| Purchases of intangible assets included in accounts payable | 118 | 45 |
| Conversion of preferred stock | — | 6,469 |
| Accretion on preferred stock and redeemable common stock | 2,607 | 4,083 |
| Issuance of common stock warrants to underwriter | — | 382 |
| Equity issuance costs included in accounts payable and accrued liabilities | — | 718 |
| Debt issuance costs included in accounts payable and accrued liabilities | — | 209 |
| Reclassification from long-term to current debt | 2,323 | — |
| Stock-based compensation for software development | 62 | 45 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.