| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income (loss) | 11,532 | 15,272 |
| Stock-based compensation | 3,346 | 2,290 |
| Depreciation of property and equipment | 658 | 437 |
| Change in fair value of warrant liabilities | -33,110 | -29,351 |
| Amortization of investment discount | 1,065 | 647 |
| Accounts receivable | 192 | 103 |
| Unbilled receivable | 640 | 318 |
| Inventories | 5 | 5 |
| Prepaid expenses and other current assets | -129 | 26 |
| Operating lease assets & other non-current assets | -925 | -684 |
| Accounts payable | 130 | -120 |
| Accrued liabilities and current operating lease liabilities | -100 | -469 |
| Operating lease liabilities | -740 | -486 |
| Net cash used in operating activities | -19,132 | -12,842 |
| Purchases of property and equipment | 477 | 93 |
| Purchases of marketable securities | 56,828 | 47,036 |
| Maturities of marketable securities | 37,000 | 14,000 |
| Net cash (used in) provided by investing activities | -20,305 | -33,129 |
| Proceeds from exercise of stock options | 65 | 54 |
| Proceeds from issuance of common stock under espp | 76 | 76 |
| Proceeds from the exercise of warrants | 6,419 | 6,419 |
| Shares repurchased for payment of tax withholdings | 0 | 0 |
| Payment of obligations under capital leases | 0 | 0 |
| Proceeds from issuance of common stock | 29,100 | 28,432 |
| Payment of transaction costs related to issuance of common stock | 50 | 50 |
| Net cash provided by (used in) financing activities | 35,610 | 34,931 |
| Net decrease in cash and cash equivalents | -3,827 | -11,040 |
| Cash and cash equivalents at beginning of period | 31,188 | - |
| Cash and cash equivalents at end of period | 27,361 | - |
Palladyne AI Corp. (PDYN)
Palladyne AI Corp. (PDYN)