$PDYN
Palladyne AI Corp.

2023 Q4 Form 10-Q Financial Statement

#000095017023063750 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $746.0K $1.827M
YoY Change -87.81% -60.85%
Cost Of Revenue $1.090M $1.222M
YoY Change -75.24% -65.85%
Gross Profit -$344.0K $605.0K
YoY Change -120.01% -44.44%
Gross Profit Margin -46.11% 33.11%
Selling, General & Admin $6.837M $9.307M
YoY Change -56.29% -45.42%
% of Gross Profit 1538.35%
Research & Development $7.892M $10.01M
YoY Change -22.6% -4.63%
% of Gross Profit 1654.71%
Depreciation & Amortization $657.0K $500.0K
YoY Change -48.43% 25.0%
% of Gross Profit 82.64%
Operating Expenses $15.09M $19.32M
YoY Change -43.38% -29.88%
Operating Profit -$15.44M -$30.75M
YoY Change -38.1% 12.86%
Interest Expense $515.0K $806.0K
YoY Change -40.53% 0.0%
% of Operating Profit
Other Income/Expense, Net $68.00K $871.0K
YoY Change -96.88% -21875.0%
Pretax Income -$36.47M -$28.98M
YoY Change -60.41% 16.09%
Income Tax $4.000K $0.00
% Of Pretax Income
Net Earnings -$36.48M -$28.98M
YoY Change -60.49% 28.81%
Net Earnings / Revenue -4889.54% -1586.26%
Basic Earnings Per Share -$1.13
Diluted Earnings Per Share -$1.41 -$1.13
COMMON SHARES
Basic Shares Outstanding 25.90M 25.80M
Diluted Shares Outstanding 25.71M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.09M $55.12M
YoY Change -65.86% -59.28%
Cash & Equivalents $23.14M $35.31M
Short-Term Investments $15.95M $19.81M
Other Short-Term Assets $2.323M $2.146M
YoY Change -53.68% -29.57%
Inventory $1.065M $1.108M
Prepaid Expenses
Receivables $555.0K $1.402M
Other Receivables $0.00 $0.00
Total Short-Term Assets $45.06M $61.39M
YoY Change -65.09% -57.97%
LONG-TERM ASSETS
Property, Plant & Equipment $4.842M $6.693M
YoY Change -36.62% -12.35%
Goodwill
YoY Change
Intangibles $16.66M
YoY Change -16.43%
Long-Term Investments
YoY Change
Other Assets $429.0K $446.0K
YoY Change -11.91% -12.72%
Total Long-Term Assets $15.36M $34.19M
YoY Change -60.12% -65.37%
TOTAL ASSETS
Total Short-Term Assets $45.06M $61.39M
Total Long-Term Assets $15.36M $34.19M
Total Assets $60.43M $95.58M
YoY Change -63.95% -60.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.291M $2.056M
YoY Change -64.34% -21.23%
Accrued Expenses $5.805M $4.580M
YoY Change -3.65% -36.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.456M $7.947M
YoY Change -19.71% -19.26%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $29.00K $92.00K
YoY Change -88.67% -95.49%
Total Long-Term Liabilities $29.00K $92.00K
YoY Change -88.67% -95.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.456M $7.947M
Total Long-Term Liabilities $29.00K $92.00K
Total Liabilities $19.52M $19.43M
YoY Change -15.77% 40.62%
SHAREHOLDERS EQUITY
Retained Earnings -$418.2M -$381.7M
YoY Change 38.2% 81.51%
Common Stock $3.000K $3.000K
YoY Change -80.0% -80.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $40.91M $76.16M
YoY Change
Total Liabilities & Shareholders Equity $60.43M $95.58M
YoY Change -63.95% -60.96%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$36.48M -$28.98M
YoY Change -60.49% 28.81%
Depreciation, Depletion And Amortization $657.0K $500.0K
YoY Change -48.43% 25.0%
Cash From Operating Activities -$16.50M -$20.13M
YoY Change -21.23% 21.84%
INVESTING ACTIVITIES
Capital Expenditures -$251.0K $363.0K
YoY Change -155.53% -201.97%
Acquisitions
YoY Change
Other Investing Activities $4.086M $30.25M
YoY Change -89.99% -177.18%
Cash From Investing Activities $4.337M $29.88M
YoY Change -89.26% -175.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.00K -11.00K
YoY Change -97.32% -98.96%
NET CHANGE
Cash From Operating Activities -16.50M -20.13M
Cash From Investing Activities 4.337M 29.88M
Cash From Financing Activities -11.00K -11.00K
Net Change In Cash -12.17M 9.741M
YoY Change -163.96% -117.05%
FREE CASH FLOW
Cash From Operating Activities -$16.50M -$20.13M
Capital Expenditures -$251.0K $363.0K
Free Cash Flow -$16.25M -$20.50M
YoY Change -24.07% 26.77%

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strc-ex31_1.htm Edgar Link pending
strc-ex31_2.htm Edgar Link pending
strc-ex32_1.htm Edgar Link pending
strc-ex32_2.htm Edgar Link pending
strc-20230930_cal.xml Edgar Link unprocessable
strc-20230930_def.xml Edgar Link unprocessable
strc-20230930_lab.xml Edgar Link unprocessable
strc-20230930_pre.xml Edgar Link unprocessable
strc-20230930_htm.xml Edgar Link completed