| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 27,361 | 20,148 | ||
| Marketable securities | 29,785 | 42,554 | ||
| Accounts receivable, net of allowance for credit losses of 0.3 million at december 31, 2024 | 326 | 237 | ||
| Unbilled receivables | 1,819 | 1,497 | ||
| Inventories | 76 | 76 | ||
| Prepaid expenses and other current assets | 1,146 | 1,301 | ||
| Total current assets | 60,513 | 65,813 | ||
| Property and equipment, gross | 7,735 | - | ||
| Accumulated depreciation | 3,672 | - | ||
| Property and equipment, net | 4,063 | 3,901 | ||
| Operating lease assets | 8,023 | 8,225 | ||
| Other non-current assets | 330 | 370 | ||
| Total assets | 72,929 | 78,309 | ||
| Accounts payable | 565 | 316 | ||
| Accrued liabilities | 2,923 | 2,575 | ||
| Current operating lease liabilities | 976 | 953 | ||
| Total current liabilities | 4,464 | 3,844 | ||
| Warrant liabilities | 7,402 | 11,161 | ||
| Operating lease liabilities | 9,217 | 9,472 | ||
| Total liabilities | 21,083 | 24,477 | ||
| 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 | 4 | ||
| Additional paid-in capital | 531,127 | 529,393 | ||
| Accumulated other comprehensive income | 14 | -6 | ||
| Accumulated deficit | -479,299 | -475,559 | ||
| Total stockholders' equity (deficit) | 51,846 | 53,832 | ||
| Total liabilities and stockholders' equity (deficit) | 72,929 | 78,309 | ||
Palladyne AI Corp. (PDYN)
Palladyne AI Corp. (PDYN)