Palladyne AI Corp.
For the period ended Jun 30, 2025. Filed Aug 6, 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.
Jun 30, 2025 · Filed Aug 6, 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 Balance Sheets
(in thousands, except share data)
| As of | ||
|---|---|---|
| June 30, 2025 | December 31, 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $20,148 | $31,188 |
| Marketable securities | 42,554 | 8,883 |
| Accounts receivable, net of allowance for credit losses of $0.3 million at June 30, 2025 and December 31, 2024, respectively | 237 | 134 |
| Unbilled receivables | 1,497 | 1,179 |
| Inventories | 76 | 71 |
| Prepaid expenses and other current assets | 1,301 | 1,275 |
| Total current assets | 65,813 | 42,730 |
| Property and equipment, net | 3,901 | 4,244 |
| Operating lease assets | 8,225 | 8,841 |
| Other non-current assets | 370 | 438 |
| Total assets | $78,309 | $56,253 |
| Liabilities and stockholders’ equity (deficit) | ||
| Current liabilities: | ||
| Accounts payable | $316 | $435 |
| Accrued liabilities | 2,575 | 2,919 |
| Current operating lease liabilities | 953 | 1,079 |
| Total current liabilities | 3,844 | 4,433 |
| Warrant liabilities | 11,161 | 51,396 |
| Operating lease liabilities | 9,472 | 9,957 |
| Total liabilities | 24,477 | 65,786 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity (deficit): | ||
| Common stock, $0.0001 par value, 165,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 40,370,914 and 33,883,894 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively | 4 | 3 |
| Additional paid-in capital | 529,393 | 481,289 |
| Accumulated other comprehensive (loss) income | (6) | 6 |
| Accumulated deficit | (475,559) | (490,831) |
| Total stockholders’ equity (deficit) | 53,832 | (9,533) |
| Total liabilities and stockholders’ equity (deficit) | $78,309 | $56,253 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.