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$3.57+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)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(19,648) | $(79,117) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation | 2,227 | 10,808 |
| Depreciation of property and equipment | 612 | 1,261 |
| Amortization of intangible assets | — | 2,457 |
| Change in fair value of warrant liability | 175 | (99) |
| Amortization of investment discount | (56) | (1,833) |
| Asset write-down | — | 10,827 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (63) | 465 |
| Unbilled receivable | 455 | 2,547 |
| Inventories | 1,065 | (7,169) |
| Prepaid expenses and other current assets | 1,150 | 2,343 |
| Other non-current assets | 891 | 930 |
| Accounts payable | (1,076) | (1,525) |
| Accrued liabilities and other current liabilities | (2,420) | (1,021) |
| Other liabilities | (843) | (997) |
| Net cash used in operating activities | (17,531) | (60,123) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (217) | (1,033) |
| Purchases of marketable securities | — | (58,622) |
| Maturities of marketable securities | 16,000 | 120,000 |
| Net cash provided by investing activities | 15,783 | 60,345 |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options | 24 | — |
| Shares repurchased for payment of tax withholdings | (84) | (68) |
| Payment of obligations under capital leases | (3) | (3) |
| Net cash used in financing activities | (63) | (71) |
| Net (decrease) increase in cash, cash equivalents | (1,811) | 151 |
| Cash and cash equivalents at beginning of period | 23,139 | 35,159 |
| Cash and cash equivalents at end of period | $21,328 | $35,310 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for income taxes | $10 | $3 |
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.