Palladyne AI Corp
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
PDYN$3.57+0.8%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(72,617) | $(115,593) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation | 2,805 | 12,043 |
| Depreciation of property and equipment | 825 | 1,554 |
| Amortization of intangible assets | — | 2,821 |
| Change in fair value of warrant liabilities | 46,935 | (162) |
| Allowance for credit losses | 285 | — |
| Amortization of investment discount | (75) | (2,055) |
| Asset write-down | — | 30,101 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 136 | 1,311 |
| Unbilled receivable | 855 | 2,126 |
| Inventories | 994 | (8,759) |
| Prepaid expenses and other current assets | 1,048 | 2,167 |
| Operating lease assets & other non-current assets | 1,242 | 1,249 |
| Accounts payable | (819) | (2,326) |
| Accrued liabilities and current operating lease liabilities | (3,164) | 253 |
| Operating lease liabilities | (1,077) | (1,350) |
| Net cash used in operating activities | (22,627) | (76,620) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (265) | (782) |
| Purchases of marketable securities | (8,859) | (64,536) |
| Maturities of marketable securities | 16,000 | 130,000 |
| Net cash provided by investing activities | 6,876 | 64,682 |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options | 130 | — |
| Shares repurchased for payment of tax withholdings | (105) | (78) |
| Payment of obligations under capital leases | (3) | (4) |
| Proceeds from issuance of warrants | 4,432 | — |
| Proceeds from issuance of common stock | 20,028 | — |
| Payment of transaction costs related to issuance of common stock | (682) | — |
| Net cash provided by (used in) financing activities | 23,800 | (82) |
| Net increase (decrease) in cash, cash equivalents | 8,049 | (12,020) |
| Cash and cash equivalents at beginning of period | 23,139 | 35,159 |
| Cash and cash equivalents at end of period | $31,188 | $23,139 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for income taxes | $10 | $7 |
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