Palladyne AI Corp.
For the period ended Mar 31, 2025. Filed May 7, 2025.
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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.
Mar 31, 2025 · Filed May 7, 2025
PDYN$3.54+17.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(in thousands, except share and per share data)
| | Three Months Ended March 31, | |
|---|---|---|
| | 2025 | 2024 |
| Revenue, net | $1,710 | $3,441 |
| Operating expenses: | ||
| Cost of revenue (exclusive of items shown separately below) | 353 | 1,886 |
| Research and development | 2,870 | 2,895 |
| General and administrative | 4,199 | 5,125 |
| Sales and marketing | 1,219 | 805 |
| Asset write-down and restructuring | — | 83 |
| Total operating expenses | 8,641 | 10,794 |
| Loss from operations | (6,931) | (7,353) |
| Interest income, net | 442 | 372 |
| Gain (loss) on warrant liabilities | 29,248 | (248) |
| Income (loss) before income tax expense | 22,759 | (7,229) |
| Income tax expense | — | — |
| Net income (loss) | $22,759 | $(7,229) |
| Net income (loss) per share | ||
| Basic | $0.64 | $(0.28) |
| Diluted | $0.55 | $(0.28) |
| Weighted-average shares used in computing net income (loss) per share | ||
| Basic | 35,345,672 | 25,879,043 |
| Diluted | 41,067,950 | 25,879,043 |
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