share_log

10-Q: Q2 2024 Earnings Report

10-Q: Q2 2024 Earnings Report

10-Q:2024財年二季報
美股SEC公告 ·  2024/08/08 04:43

Moomoo AI 已提取核心訊息

Palladyne AI Corp. reported Q2 2024 revenue of $2.7 million, a 112% increase from $1.3 million in Q2 2023, driven primarily by progress on product development contracts. Operating expenses decreased 73% to $8.5 million from $31.2 million year-over-year, reflecting significant cost reductions from workforce restructuring initiatives.The company continues to advance its AI/ML Software Platform development, with the minimal viable product version of Palladyne IQ now in customer evaluation and trials. The first customer trial began in June 2024, with another trial recently initiated at a major automotive manufacturer. Commercial launch is expected in the second half of 2024.As of June 30, 2024, Palladyne AI had $25.8 million in cash and cash equivalents, compared to $39.1 million at year-end 2023. Management believes current liquidity is sufficient to fund operations for at least the next 12 months as the company focuses on commercializing its AI/ML software products, with revenue generation expected to begin in 2025.
Palladyne AI Corp. reported Q2 2024 revenue of $2.7 million, a 112% increase from $1.3 million in Q2 2023, driven primarily by progress on product development contracts. Operating expenses decreased 73% to $8.5 million from $31.2 million year-over-year, reflecting significant cost reductions from workforce restructuring initiatives.The company continues to advance its AI/ML Software Platform development, with the minimal viable product version of Palladyne IQ now in customer evaluation and trials. The first customer trial began in June 2024, with another trial recently initiated at a major automotive manufacturer. Commercial launch is expected in the second half of 2024.As of June 30, 2024, Palladyne AI had $25.8 million in cash and cash equivalents, compared to $39.1 million at year-end 2023. Management believes current liquidity is sufficient to fund operations for at least the next 12 months as the company focuses on commercializing its AI/ML software products, with revenue generation expected to begin in 2025.
Palladyne 人工智能 CORP. 報告了2024年第二季度營業收入爲270萬美元,比2023年第二季度的130萬美元增長了112%,主要受到產品開發合同進展的驅動。營業費用同比減少73%,降至850萬美元,從3120萬美元減少,反映出通過重組工作隊伍計劃顯著降低了成本。公司繼續推進其人工智能/機器學習 軟體平台開發,目前Palladyne IQ的最小可行產品版本正在客戶評估和試用中。第一個客戶試用於2024年6月開始,最近又在一家主要汽車製造商處啓動了另一個試用。預計將在2024年下半年正式發佈。截至2024年6月30日,Palladyne 人工智能持有現金及現金等價物2580萬美元,而2023年底爲3910萬美元。管理層認爲,當前流動性足以支持運營至少12個月,因爲公司專注於商業化其人工智能/機器學習軟體產品,預計收入將在2025年開始產生。
Palladyne 人工智能 CORP. 報告了2024年第二季度營業收入爲270萬美元,比2023年第二季度的130萬美元增長了112%,主要受到產品開發合同進展的驅動。營業費用同比減少73%,降至850萬美元,從3120萬美元減少,反映出通過重組工作隊伍計劃顯著降低了成本。公司繼續推進其人工智能/機器學習 軟體平台開發,目前Palladyne IQ的最小可行產品版本正在客戶評估和試用中。第一個客戶試用於2024年6月開始,最近又在一家主要汽車製造商處啓動了另一個試用。預計將在2024年下半年正式發佈。截至2024年6月30日,Palladyne 人工智能持有現金及現金等價物2580萬美元,而2023年底爲3910萬美元。管理層認爲,當前流動性足以支持運營至少12個月,因爲公司專注於商業化其人工智能/機器學習軟體產品,預計收入將在2025年開始產生。
声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息