Palladyne AI Corp.
For the period ended Sep 30, 2025. Filed Nov 12, 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.
Sep 30, 2025 · Filed Nov 12, 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 | ||
|---|---|---|
| September 30, 2025 | December 31, 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $27,361 | $31,188 |
| Marketable securities | 29,785 | 8,883 |
| Accounts receivable, net of allowance for credit losses of $0.3 million at December 31, 2024 | 326 | 134 |
| Unbilled receivables | 1,819 | 1,179 |
| Inventories | 76 | 71 |
| Prepaid expenses and other current assets | 1,146 | 1,275 |
| Total current assets | 60,513 | 42,730 |
| Property and equipment, net | 4,063 | 4,244 |
| Operating lease assets | 8,023 | 8,841 |
| Other non-current assets | 330 | 438 |
| Total assets | $72,929 | $56,253 |
| Liabilities and stockholders’ equity (deficit) | ||
| Current liabilities: | ||
| Accounts payable | $565 | $435 |
| Accrued liabilities | 2,923 | 2,919 |
| Current operating lease liabilities | 976 | 1,079 |
| Total current liabilities | 4,464 | 4,433 |
| Warrant liabilities | 7,402 | 51,396 |
| Operating lease liabilities | 9,217 | 9,957 |
| Total liabilities | 21,083 | 65,786 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity (deficit): | ||
| Common stock, $0.0001 par value, 165,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 42,036,294 and 33,883,894 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 4 | 3 |
| Additional paid-in capital | 531,127 | 481,289 |
| Accumulated other comprehensive income | 14 | 6 |
| Accumulated deficit | (479,299) | (490,831) |
| Total stockholders’ equity (deficit) | 51,846 | (9,533) |
| Total liabilities and stockholders’ equity (deficit) | $72,929 | $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.