Palladyne AI Corp

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

About 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.

Jun 30, 2024 · Filed Aug 7, 2024

PDYN$3.57+0.8%Stored close · as of Nov 10, 2026

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Condensed Consolidated Statements of Operations

(in thousands, except share and per share data)

	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Revenue, net	$2,713	$1,277	$6,154	$3,573
Operating expenses:
Cost of revenue (exclusive of items shown separately below)	569	943	2,455	2,729
Research and development	2,348	11,706	5,243	21,109
General and administrative	4,291	8,252	9,416	17,987
Sales and marketing	1,380	4,410	2,185	8,151
Intangible amortization expense	—	819	—	1,638
Asset write-down and restructuring	(88)	5,106	(5)	5,106
Total operating expenses	8,500	31,236	19,294	56,720
Loss from operations	(5,787)	(29,959)	(13,140)	(53,147)
Interest income, net	346	874	718	1,973
Gain (loss) on warrant liability	116	439	(132)	3
Other income (loss), net	2	(11)	2	1,038
Loss before income tax expense	(5,323)	(28,657)	(12,552)	(50,133)
Income tax expense	—	(3)	—	(3)
Net loss	$(5,323)	$(28,660)	$(12,552)	$(50,136)
Net loss per share
Basic and diluted	$(0.20)	$(1.12)	$(0.48)	$(1.97)
Weighted-average shares used in computing net loss per share
Basic and diluted	26,622,924	25,512,057	25,938,483	25,491,654

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.