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$3.57+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Six Months Ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(12,552) | $(50,136) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation | 1,529 | 4,734 |
| Depreciation of property and equipment | 404 | 843 |
| Amortization of intangible assets | — | 1,638 |
| Change in fair value of warrant liability | 132 | (3) |
| Amortization of investment discount | (56) | (1,365) |
| Asset write-down | — | 5,106 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 55 | 586 |
| Unbilled receivable | (283) | 2,634 |
| Inventories | 1,065 | (4,588) |
| Prepaid expenses and other current assets | 438 | 1,420 |
| Other non-current assets | 544 | 615 |
| Accounts payable | (844) | 1,005 |
| Accrued liabilities | (2,855) | (1,823) |
| Other liabilities | (610) | (651) |
| Net cash used in operating activities | (13,033) | (39,985) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (205) | (673) |
| Purchases of marketable securities | — | (48,872) |
| Maturities of marketable securities | 16,000 | 80,000 |
| Net cash provided by investing activities | 15,795 | 30,455 |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options | 4 | — |
| Shares repurchased for payment of tax withholdings | (72) | (61) |
| Payment of obligations under capital leases | (2) | (2) |
| Net cash used in financing activities | (70) | (63) |
| Net increase (decrease) in cash, cash equivalents | 2,692 | (9,593) |
| Cash and cash equivalents at beginning of period | 23,139 | 35,159 |
| Cash and cash equivalents at end of period | $25,831 | $25,566 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for income taxes | $— | $3 |
| Supplemental disclosure of non-cash activities: | ||
| Purchases of property and equipment included in accounts payable at period-end | $— | $12 |
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
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