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Palladyne AI Corp. PDYN Q3 2024 earnings

Reported November 13, 2024 · Before market open

Revenue$871.0KMiss by $34.1M
EPS-$0.27Beat by $0.34
Revenue estimate$35.0M
EPS estimate-$0.61

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$5.8M
EPS estimate-$0.23
View report

Financials

Q3 2024

Income statement

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Revenue$871.0K-52.3%
Gross profit$392.0K-35.2%
Operating income-$7.3M+76.3%
Net income-$7.1M+75.5%
EPS (diluted)-$0.27+76.1%

Balance sheet

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Cash & equivalents$21.3M-39.6%
Total debt$11.4M-10.3%
Total equity$23.4M-69.2%
Total assets$38.7M-59.5%

Cash flow

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Operating cash flow-$4.5M+77.7%
CapEx$12.0K-96.7%
Free cash flow-$4.5M+78.0%

Valuation & ratios

Profitability

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Operating margin-739.9%-254pp
Net margin-722.2%-245pp
FCF margin-437.4%-123pp

Returns & leverage

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Return on equity-112.7%+1.1pp
Debt / equity0.5×+0.3×
Current ratio-2.7×

Segments

By product

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Services Revenue$1.3M
Product Development Contract Revenue$764.0K-26.8%
Product Revenue$107.0K-86.3%

By geography

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Non Us--100%

Versus estimates

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Questions, answered.

When did Palladyne AI Corp. report Q3 2024 earnings?
Palladyne AI Corp. (PDYN) reported Q3 2024 earnings on November 13, 2024 before market open.
What were Palladyne AI Corp.'s Q3 2024 revenue and EPS?
Palladyne AI Corp. reported revenue of $871.0K and eps of $-0.27 for Q3 2024.
Did Palladyne AI Corp. beat estimates in Q3 2024?
Revenue missed the consensus estimate of $35.0M by $34.1M. EPS beat the consensus estimate of $-0.61 by $0.34.
Where can I find Palladyne AI Corp.'s Q3 2024 SEC filings?
You can read the 10-Q periodic report (0000950170-24-126347) directly on SEC EDGAR. The filing index links above go to sec.gov.