Palladyne AI Corp
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
PDYN$3.02+11.6%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except share and per share data)
| | Year Ended December 31, | |
|---|---|---|
| | 2024 | 2023 |
| Revenue, net | $7,786 | $6,146 |
| Operating expenses: | ||
| Cost of revenue (exclusive of items shown separately below) | 3,488 | 5,041 |
| Research and development | 10,437 | 39,012 |
| General and administrative | 16,842 | 31,454 |
| Sales and marketing | 4,134 | 10,828 |
| Intangible amortization expense | — | 2,821 |
| Asset write-down and restructuring | (192) | 37,946 |
| Total operating expenses | 34,709 | 127,102 |
| Loss from operations | (26,923) | (120,956) |
| Interest income, net | 1,244 | 3,294 |
| (Loss) gain on warrant liabilities | (46,935) | 162 |
| Other income, net | 2 | 1,914 |
| Loss before income tax expense | (72,612) | (115,586) |
| Income tax expense | (5) | (7) |
| Net loss | $(72,617) | $(115,593) |
| Net loss per share | ||
| Basic and diluted | $(2.71) | $(4.51) |
| Weighted-average shares used in computing net loss per share | ||
| Basic and diluted | 26,774,895 | 25,639,270 |
See accompanying notes to the consolidated financial statements.
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