Palladyne AI Corp

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

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 Statements of Operations

(in thousands, except share and per share data)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Revenue, net	$871	$1,827	$7,025	$5,400
Operating expenses:
Cost of revenue (exclusive of items shown separately below)	479	1,222	2,934	3,951
Research and development	2,582	10,011	7,825	31,120
General and administrative	3,965	7,557	13,381	25,544
Sales and marketing	1,331	1,750	3,516	9,901
Intangible amortization expense	—	819	—	2,457
Asset write-down and restructuring	(187)	11,222	(192)	16,328
Total operating expenses	8,170	32,581	27,464	89,301
Loss from operations	(7,299)	(30,754)	(20,439)	(83,901)
Interest income, net	249	806	967	2,779
(Loss) gain on warrant liability	(43)	96	(175)	99
Other income, net	—	871	2	1,909
Loss before income tax expense	(7,093)	(28,981)	(19,645)	(79,114)
Income tax expense	(3)	—	(3)	(3)
Net loss	$(7,096)	$(28,981)	$(19,648)	$(79,117)
Net loss per share
Basic and diluted	$(0.27)	$(1.13)	$(0.76)	$(3.09)
Weighted-average shares used in computing net loss per share
Basic and diluted	26,177,413	25,706,023	26,018,708	25,563,895

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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.