Palladyne AI Corp
For the period ended Mar 31, 2024. Filed May 8, 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 8, 2024
PDYN$3.54+17.2%Stored close · as of Nov 9, 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 Operations
(in thousands, except share and per share data)
| | Three Months Ended March 31, | |
|---|---|---|
| | 2024 | 2023 |
| Revenue, net | $3,441 | $2,296 |
| Operating expenses: | ||
| Cost of revenue (exclusive of items shown separately below) | 1,886 | 1,786 |
| Research and development | 2,895 | 9,403 |
| General and administrative | 5,125 | 9,735 |
| Sales and marketing | 805 | 3,741 |
| Intangible amortization expense | — | 819 |
| Asset write-down and restructuring | 83 | — |
| Total operating expenses | 10,794 | 25,484 |
| Loss from operations | (7,353) | (23,188) |
| Interest income, net | 372 | 1,099 |
| Loss on warrant liability | (248) | (436) |
| Other income, net | — | 1,049 |
| Loss before income tax expense | (7,229) | (21,476) |
| Income tax expense | — | — |
| Net loss | $(7,229) | $(21,476) |
| Net loss per share | ||
| Basic and diluted | $(0.28) | $(0.84) |
| Weighted-average shares used in computing net loss per share | ||
| Basic and diluted | 25,879,043 | 25,471,288 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.