How does PDYN's Q3 2023 performance compare to past quarters?
4/9/2025 12:11am
Palladyne AI (PDYN) experienced a decline in net income and revenue in Q3 2023 compared to the previous quarter, Q2 2023:
1. **Net Income**: The net income for Q3 2023 was -$92.31 million, while for Q2 2023, it was $6.12 million. This indicates a significant decrease in profitability.
2. **Revenue**: Similarly, the total revenue for Q3 2023 was not provided, whereas for Q2 2023, it was $6.12 million. The lack of data for Q3 2023 revenue makes direct comparison challenging, but the trend of decreasing profitability suggests a possible decline in revenue as well.
3. **Earnings Per Share (EPS)**: The EPS for Q3 2023 was not provided, whereas for Q2 2023, it was not significantly different from previous quarters, with a last change of 0.91% and a last price of $5.52.
|code|Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|market_code|
|---|---|---|---|---|---|---|---|
|PDYN|PDYN.O|Palladyne AI|2022 Q4|6121000|-9.2311E7||185|
|PDYN|PDYN.O|Palladyne AI|2023 Q1|2296000|-2.1476E7|-0.84|185|
|PDYN|PDYN.O|Palladyne AI|2023 Q2|1277000|-2.866E7|-1.12|185|
|PDYN|PDYN.O|Palladyne AI|2023 Q3|1827000|-2.8981E7|-1.13|185|
In conclusion, PDYN's Q3 2023 performance shows a substantial decline in net income and an uncertain trend in revenue compared to Q2 2023. The lack of EPS data for Q3 2023 prevents a full assessment of the company's financial health during that period.