← Owlet, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Net loss | ($427k) | ($71.7m) | ($79.3m) | ($32.9m) | ($12.5m) | ($39.7m) | — | |
| Depreciation and amortization | $873k | $1.1m | $1.4m | $842k | $452k | $521k | $656k | |
| Amortization of right of use assets | — | — | $1.3m | $1.4m | $929k | $69k | — | |
| Amortization of debt financing costs | — | — | — | — | $1.1m | $2.2m | — | |
| Stock-based compensation | $1.1m | $4.3m | $12.9m | $9.9m | $8.6m | $9.3m | $11.2m | |
| Employee taxes paid related to the net share settlement of stock-based awards | — | — | — | ($397k) | ($1.0m) | ($1.6m) | — | |
| Stock-based compensation for software development | — | — | — | $0 | $85k | $97k | $11.2m | |
| Impairment of intangible and other assets | — | — | — | $29k | $1.9m | $46k | — | |
| Accounts receivable | ($3.0m) | ($144k) | ($8.5m) | $965k | $2.0m | ($11.0m) | ($3.3m) | |
| Inventory | ($3.5m) | ($11.6m) | ($1.2m) | $12.1m | ($4.1m) | ($4.9m) | ($6.4m) | |
| Accounts payable and accrued and other expenses | $11.8m | $32.1m | ($10.7m) | ($19.5m) | $1.3m | $5.4m | $951k | |
| Purchases of property and equipment included in accounts payable | $967k | $969k | $636k | $16k | $0 | $34k | ($1.2m) | |
| Purchases of intangible assets included in accounts payable | — | — | — | — | $0 | $102k | — | |
| Equity issuance costs included in accounts payable and accrued liabilities | — | — | — | $450k | $286k | $0 | — | |
| Accrued warrant exchange transaction costs | — | — | — | — | $0 | $41k | — | |
| (Gain)/loss on forgiveness on interest accrued | — | — | — | $0 | ($508k) | $0 | — | |
| Deferred revenue | — | — | — | ($84k) | $240k | $912k | — | |
| Prepaid expenses and other assets | ($989k) | ($10.5m) | $6.2m | $3.2m | ($30k) | ($1.0m) | — | |
| Other liabilities | — | — | — | ($1.5m) | ($769k) | $0 | — | |
| Net cash used in operating activities | ($129k) |
($40.6m)
-31338.76%
|
($81.4m)
-100.66%
|
($23.5m)
+71.09%
|
($11.2m)
+52.36%
|
($10.8m)
+3.72%
|
($9.9m)
+8.12%
|
|
| Purchase of property and equipment | ($967k) | ($969k) | ($636k) | ($16k) | ($35k) | ($273k) | ($1.2m) | |
| Net cash used in investing activities | ($1.1m) | ($2.0m) | ($1.6m) | ($59k) | ($761k) | ($943k) | ($1.2m) | |
| (Gain)/loss on extinguishment of debt | $0 | ($2.1m) | $0 | $0 | $418k | $0 | — | |
| Proceeds from short-term borrowings | $13.0m | $13.7m | $44.5m | $100.0m | $48.2m | $75.2m | — | |
| Payments of short-term borrowings | ($11.7m) | ($21.2m) | ($40.0m) | ($96.8m) | ($51.5m) | ($74.6m) | — | |
| Proceeds from long-term borrowings | $3.0m | $5.0m | $0 | $500k | $7.5m | $0 | — | |
| Payments of long-term borrowings | $0 | ($1.0m) | ($6.0m) | ($3.5m) | ($5.0m) | ($488k) | — | |
| Payments related to debt extinguishment costs | — | — | — | $0 | ($761k) | $0 | — | |
| Debt financing costs paid | — | — | — | — | ($930k) | ($174k) | — | |
| Common stock warrant liability adjustment | $0 | ($15.7m) | ($6.3m) | $924k | ($9.3m) | $26.6m | — | |
| Proceeds from issuance of common stock | — | — | — | $0 | $10.0m | $32.1m | $34.8m | |
| Proceeds related to the issuance of common stock under stock plans | — | — | — | $427k | $811k | $1.7m | — | |
| Issuance costs paid related to prior year common stock, preferred stock, and warrants | — | — | — | — | ($450k) | ($276k) | — | |
| Proceeds from exercise of common stock warrants | — | — | — | — | $0 | $1.8m | — | |
| Issuance of common stock in connection with warrant exchange | — | — | — | — | $0 | $46.9m | $34.8m | |
| Accretion on preferred stock and redeemable common stock | — | — | — | $4.6m | $5.0m | $3.5m | — | |
| Issuance of common stock warrants to underwriter | — | — | — | $0 | $382k | $0 | $34.8m | |
| Net cash provided by financing activities | $6.5m |
$120.6m
+1767.78%
|
($878k)
-100.73%
|
$28.9m
+3392.94%
|
$16.0m
-44.51%
|
$32.1m
+100.17%
|
$35.6m
+10.74%
|
|
| Cash, cash equivalents, and restricted cash at beginning of period | $1.3m | $95.1m | $11.2m | $16.6m | $20.6m | $41.0m | — | |
| Net change in cash, cash equivalents, and restricted cash | $5.3m | $78.0m | ($83.8m) | $5.3m | $4.1m | $20.4m | — | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Provision for credit losses | — | $201k | $3.0m | $1.0m | ($193k) | $129k | — | |
| Write-off of prepaid deposit | — | — | — | — | $0 | $347k | — | |
| Other adjustments, net | $391k | $725k | $307k | $109k | $414k | $367k | — | |
| Lease liabilities | — | — | — | $0 | ($1.2m) | ($100k) | — | |
| Purchase of intangible assets | ($89k) | ($1.1m) | ($929k) | ($43k) | ($87k) | ($114k) | — | |
| Capitalized internal-use software development costs | — | — | — | $0 | ($639k) | ($556k) | — | |
| Proceeds from issuance of preferred stock and warrants | — | — | — | $28.5m | $8.9m | $0 | — | |
| Issuance costs paid | — | — | — | ($1.5m) | ($2.0m) | ($639k) | — | |
| Warrant exchange transaction costs paid | — | — | — | — | $0 | ($1.4m) | — | |
| Other, net | $117k | $108k | $618k | $269k | $363k | $562k | — | |
| Cash paid for income taxes | — | — | — | $11k | $30k | $45k | — | |
| Cash paid for interest | — | $1.8m | $1.1m | $1.9m | $4.1m | $1.6m | — | |
| Conversion of preferred stock | $0 | $47.2m | $0 | $350k | $6.5m | $0 | — |