Palladyne AI Corp

For the period ended Sep 30, 2024. Filed Nov 13, 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.

Sep 30, 2024 · Filed Nov 13, 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
	September 30, 2024	December 31, 2023
Assets
Current assets:
Cash and cash equivalents	$21,328	$23,139
Marketable securities	—	15,947
Accounts receivable	618	555
Unbilled receivables	1,579	2,034
Inventories	—	1,065
Prepaid expenses and other current assets	1,173	2,323
Total current assets	24,698	45,063
Property and equipment, net	4,410	4,842
Operating lease assets	9,160	10,092
Other non-current assets	470	429
Total assets	$38,738	$60,426
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$178	$1,291
Accrued liabilities	3,546	5,805
Current operating lease liabilities	1,196	1,360
Total current liabilities	4,920	8,456
Operating lease liabilities	10,193	11,036
Other non-current liabilities	204	29
Total liabilities	15,317	19,521
Commitments and contingencies (Note 9)
Stockholders’ equity:
Common stock, $0.0001 par value, 165,000,000 shares authorized as of September 30, 2024, and December 31, 2023; 26,863,965 and 25,877,865 shares issued and outstanding as of September 30, 2024, and December 31, 2023, respectively	3	3
Additional paid-in capital	461,280	459,113
Accumulated other comprehensive income	—	3
Accumulated deficit	(437,862)	(418,214)
Total stockholders’ equity	23,421	40,905
Total liabilities and stockholders’ equity	$38,738	$60,426

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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.