Palladyne AI Corp

For the period ended Jun 30, 2024. Filed Aug 7, 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 7, 2024

PDYN$3.54+17.2%Stored close · as of Nov 9, 2026

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Condensed Consolidated Balance Sheets

(in thousands, except share data)

	As of
	June 30, 2024	December 31, 2023
Assets
Current assets:
Cash and cash equivalents	$25,831	$23,139
Marketable securities	—	15,947
Accounts receivable	500	555
Unbilled receivables	2,317	2,034
Inventories	—	1,065
Prepaid expenses and other current assets	1,884	2,323
Total current assets	30,532	45,063
Property and equipment, net	4,605	4,842
Operating lease assets	9,476	10,092
Other non-current assets	501	429
Total assets	$45,114	$60,426
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$410	$1,291
Accrued liabilities	2,994	5,805
Current operating lease liabilities	1,312	1,360
Total current liabilities	4,716	8,456
Operating lease liabilities	10,426	11,036
Other non-current liabilities	161	29
Total liabilities	15,303	19,521
Commitments and contingencies (Note 9)
Stockholders’ equity:
Common stock, $0.0001 par value, 165,000,000 shares authorized as of June 30, 2024, and December 31, 2023; 26,769,694 and 25,877,865 shares issued and outstanding as of June 30, 2024, and December 31, 2023, respectively	3	3
Additional paid-in capital	460,574	459,113
Accumulated other comprehensive income	—	3
Accumulated deficit	(430,766)	(418,214)
Total stockholders’ equity	29,811	40,905
Total liabilities and stockholders’ equity	$45,114	$60,426

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