Filing Flows › Palladyne AI (PDYN) › Q4 2024
Palladyne AI (PDYN) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 20, 2025
Palladyne AI (PDYN) reported revenue of $761K for the fourth quarter 2024 (Q4 2024), +2% from a year earlier and -13% from the quarter before. Operating margin was -852.0%.
Palladyne AI, Q4 2024: revenue $761K (+2% year over year), operating margin -852.0%, net loss $53.0M, operating cash flow −$5.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $761K | -13% | +2% |
| Operating profit | −$6.5M | — | — |
| Net earnings | −$53.0M | — | — |
| Operating cash flow | −$5.1M | — | — |
What changed
Revenue was $761K in Q4 2024, up 2% year over year and down 13% from the previous quarter.
Operating costs exceeded revenue by $6.5M, an operating margin of -852.0%. Total costs fell 81% while revenue rose 2%. The quarter ended with a net loss of $53.0M, wider than the previous quarter's $7.1M loss. Net interest and other expense of $46.5M was the main reason.
Operating cash flow was −$5.1M. Non-cash charges added back $213K of depreciation and amortization and $578K of share-based compensation. Working capital and other items added $47.1M. Capital expenditures of $48K exceeded it, leaving free cash flow of −$5.1M.
Questions
What was Palladyne AI's revenue in the fourth quarter 2024?
Palladyne AI (PDYN) reported revenue of $761K for the fourth quarter 2024 (Q4 2024), +2% from a year earlier and -13% from the quarter before.
Was Palladyne AI profitable in the fourth quarter 2024?
Operating loss was $6.5M (-852.0% of revenue) and net loss $53.0M.
Source: Palladyne AI 10-K on SEC EDGAR.