Palladyne AI Corp.

PDYN

PDYNPalladyne AI Corp. US flag

NASDAQ Global Market

8.60

USD

- -

334.19MMarket Cap

Income Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	9	5	15	6	8	5
+ Sales & Services Revenue	9	5	15	6	8	5
- Cost of Revenue	6	4	12	5	3	3
+ Cost of Goods & Services	6	4	12	5	3	3
Gross Profit	3	1	3	1	4	3
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	24	82	110	84	31	35
+ Selling, General & Admin	10	65	73	42	21	22
+ Research & Development	14	18	34	39	10	13
+ Other Operating Expense	- -	- -	2	3	- -	- -
Operating Income (Loss)	-21	-81	-107	-83	-27	-32
- Non-Operating (Income) Loss	- -	1	54	33	45	-40
+ Interest Expense, Net	- -	- -	-2	-3	-1	-2
+ Interest Expense	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	2	3	1	2
+ Other Non-Op (Income) Loss	- -	1	56	36	47	-38
Pretax Income	-21	-82	-161	-116	-73	8
- Income Tax Expense (Benefit)	- -	- -	-4	- -	- -	-3
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-21	-82	-157	-116	-73	10
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-21	-82	-157	-116	-73	10
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-21	-82	-157	-116	-73	10
- Preferred Dividends	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-21	-82	-157	-116	-73	10
EBIT	-21	-81	-107	-83	-27	-32
EBITDA	-21	-80	-103	-79	-26	-31
EBITDA Margin (%)	-233.08	-1,585.42	-708.42	-1,279.45	-337.66	-596.87
EBITA	-21	-81	-107	-83	-27	-32
Gross Margin (%)	36.43	23.8	20.28	17.98	55.2	48.72
Operating Margin (%)	-238.27	-1,595.88	-733.08	-1,350.63	-348.25	-617.69
Profit Margin (%)	-237.44	-1,606.07	-1,078.52	-1,880.78	-932.66	191.36
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -
Depreciation Expense	- -	1	4	4	1	1
Basic Weighted Avg Shares	17	19	24	26	27	39
Basic EPS, GAAP	-1.21	-4.32	-6.42	-4.51	-2.71	0.26
Basic EPS from Cont Ops	-1.21	-4.32	-6.42	-4.51	-2.71	0.26
Diluted Weighted Avg Shares	17	19	24	26	27	42
Diluted EPS, GAAP	-1.21	-4.32	-6.42	-4.51	-2.71	0.24
Diluted EPS from Cont Ops	-1.21	-4.32	-6.42	-4.51	-2.71	0.24

Balance Sheet (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	36	228	129	45	43	53
+ Cash, Cash Equivalents & STI	34	217	114	39	40	47
+ Cash & Cash Equivalents	34	217	35	23	31	18
+ ST Investments	- -	- -	79	16	9	29
+ Accounts & Notes Receiv	1	1	6	3	1	4
+ Accounts Receivable, Net	1	1	2	1	- -	1
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	4	2	1	2
+ Inventories	1	1	4	1	- -	- -
+ Raw Materials	1	- -	2	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	1	1	1	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1	9	5	2	1	2
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	2	7	39	15	14	43
+ Property, Plant & Equip, Net	1	7	19	15	13	18
+ Property, Plant & Equip	2	8	22	19	16	21
- Accumulated Depreciation	1	1	3	4	3	4
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	20	- -	- -	26
+ Total Intangible Assets	- -	- -	19	- -	- -	25
+ Goodwill	- -	- -	- -	- -	- -	15
+ Other Intangible Assets	- -	- -	19	- -	- -	10
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	- -	- -
Total Assets	38	236	168	60	56	96
+ Payables & Accruals	2	5	10	7	3	4
+ Accounts Payable	1	2	4	1	- -	1
+ Accrued Taxes	1	3	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	1	6	6	2	3
+ ST Debt	1	- -	1	1	1	1
+ ST Borrowings	1	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	1	1	1	1
+ Other ST Liabilities	- -	1	- -	- -	1	1
+ Deferred Revenue	- -	- -	- -	- -	1	1
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	1	- -	- -	- -	- -
Total Current Liabilities	4	6	11	8	4	6
+ LT Debt	1	- -	12	11	10	10
+ LT Borrowings	1	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	12	11	10	10
+ Other LT Liabilities	- -	16	- -	- -	51	6
+ Accrued Liabilities	- -	2	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	14	- -	- -	51	6
Total Noncurrent Liabilities	2	16	13	11	61	15
Total Liabilities	5	22	23	20	66	21
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	97	359	447	459	481	555
+ Common Stock	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	97	359	447	459	481	555
- Treasury Stock	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-64	-145	-303	-418	-491	-481
+ Other Equity	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	33	214	144	41	-10	75
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
Total Equity	33	214	144	41	-10	75
Total Liabilities & Equity	38	236	168	60	56	96
Shares Outstanding	24	23	26	26	34	46
Number of Employees	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	13	12	11	11
Net Debt	-31	-217	-35	-23	-31	-18
Net Debt to Equity	-95.03	-101.47	-24.34	-56.57	327.16	-24.4
Tangible Common Equity Ratio	86.47	90.73	84.39	67.69	-16.95	70.18
Current Ratio	10.22	37.06	12.26	5.33	9.64	9.28
Cash Conversion Cycle	- -	30.76	36.75	-112.9	-50.71	-22.93

Cash Flow Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-21	-82	-157	-116	-73	10
+ Depreciation & Amortization	- -	1	4	4	1	1
+ Non-Cash Items	2	44	91	40	50	-37
+ Stock-Based Compensation	2	43	36	12	3	4
+ Deferred Income Taxes	- -	- -	- -	- -	- -	-3
+ Asset Impairment Charge	- -	- -	70	30	- -	- -
+ Other Non-Cash Adj	- -	1	-15	-2	47	-39
+ Chg in Non-Cash Work Cap	1	-5	-3	-5	-1	-2
+ (Inc) Dec in Accts Receiv	1	- -	-2	3	1	- -
+ (Inc) Dec in Inventories	- -	- -	-2	-9	1	- -
+ (Inc) Dec in Prepaid Assets	- -	-8	4	2	1	- -
+ Inc (Dec) in Accts Payable	- -	3	1	-2	-4	-2
+ Inc (Dec) in Other	- -	- -	-4	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-17	-42	-65	-77	-23	-28
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-5	-1	-1	- -	-1
+ Acq of Fixed Prod Assets	-1	-5	-1	-1	- -	-1
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	40	220	-8	- -	20	36
+ Increase in Capital Stock	40	220	- -	- -	20	36
+ Decrease in Capital Stock	- -	- -	-8	- -	- -	- -
+ Net Change in LT Investment	- -	- -	-78	65	7	-19
+ Dec in LT Investment	- -	- -	100	130	16	57
+ Inc in LT Investment	- -	- -	-178	-65	-9	-76
+ Net Cash From Acq & Div	- -	- -	-30	- -	- -	-5
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	-30	- -	- -	-5
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-1	-5	-109	65	7	-25
+ Dividends Paid	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	5	4	- -	- -	- -	-4
+ Cash From Debt	5	4	- -	- -	- -	- -
+ Repayments of Debt	- -	- -	- -	- -	- -	-4
+ Other Financing Activities	-2	7	1	- -	4	7
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	42	230	-8	- -	24	39
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -
Net Changes in Cash	24	183	-182	-12	8	-13
EBITDA	-21	-80	-103	-79	-26	-31
EBITDA Margin (%)	-233.08	-1,585.42	-708.42	-1,279.45	-337.66	-596.87
Free Cash Flow	-18	-47	-67	-77	-23	-28
Net Cash Paid for Acquisitions	- -	- -	30	- -	- -	5
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	-43	-67	-77	-23	-32
Free Cash Flow per Basic Share	-1.03	-2.48	-2.73	-3.02	-0.85	-0.73
Price/Free Cash Flow	- -	-30.19	-1.29	-0.24	-14.69	-6.67
Cash Flow to Net Income	0.81	0.52	0.42	0.66	0.31	-2.75
Capital Expenditures	-1	-5	-1	-1	- -	-1