Palladyne AI Corp.

For the period ended Jun 30, 2025. Filed Aug 6, 2025.

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.

Jun 30, 2025 · Filed Aug 6, 2025

PDYN$3.54+17.2%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Statements of Operations

(in thousands, except share and per share data)

	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
Revenue, net	$1,015	$2,713	$2,725	$6,154
Operating expenses:
Cost of revenue (exclusive of items shown separately below)	474	569	827	2,455
Research and development	3,125	2,348	5,995	5,243
General and administrative	4,179	4,291	8,378	9,416
Sales and marketing	1,331	1,380	2,550	2,185
Asset write-down and restructuring	—	(88)	—	(5)
Total operating expenses	9,109	8,500	17,750	19,294
Loss from operations	(8,094)	(5,787)	(15,025)	(13,140)
Interest income, net	505	346	946	718
Gain (loss) on warrant liabilities	102	116	29,351	(132)
Other income, net	—	2	—	2
(Loss) income before income tax expense	(7,487)	(5,323)	15,272	(12,552)
Income tax expense	—	—	—	—
Net (loss) income	$(7,487)	$(5,323)	$15,272	$(12,552)
Net (loss) income per share
Basic	$(0.20)	$(0.20)	$0.42	$(0.48)
Diluted	$(0.20)	$(0.20)	$0.39	$(0.48)
Weighted-average shares used in computing net income (loss) per share
Basic	37,746,302	26,622,924	36,231,623	25,938,483
Diluted	37,746,302	26,622,924	39,567,022	25,938,483

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.