Avilom Advances Toward Mainnet with AI-Driven Blockchain Innovations
Dubai, United Arab Emirates , Aug. 05, 2025 (GLOBE NEWSWIRE) — Avilom, the first self-evolving Layer 1 blockchain protocol driven by artificial intelligence, has reached a critical development milestone with the completion of its Alpha testnet architecture and the release of new tools for developers. By embedding AI at every layer—from consensus to governance—Avilom is redefining what's possible in decentralized infrastructure.
Following months of engineering, research, and community collaboration, the Avilom protocol has introduced key components of its network, including the NeuroProof™ Consensus, predictive fee optimization, zk-AI privacy layer, and adaptive on-chain oracles. These innovations are designed to solve problems like outdated data feeds, unpredictable gas costs, and inflexible governance models that plague traditional blockchains.
The Avilom testnet allows developers and node operators to experiment with advanced tooling, simulate AI-staked validator models, and deploy smart contracts using the latest Avilom SDK. In this early phase, the platform is also validating its zk-AI proof system—allowing complex AI computations to be verified on-chain without exposing sensitive datasets.
'With AI at the core, Avilom isn't just a blockchain—it's a learning system,' said a spokesperson for the Avilom team. 'This progress brings us closer to a decentralized future where protocols evolve based on performance, not politics.'
What's New in the Testnet Phase Real-time AI-staked consensus using the NeuroProof framework
Dynamic oracle feeds driven by on-chain machine learning
zk-AI privacy engine for secure off-chain model verification
Reinforcement-learning fee optimizer to reduce congestion and volatility
Developer toolkit for contract deployment and validator simulation
Next Milestones Q4 2025: Beta testnet and ecosystem onboarding
Q1 2026: Cross-chain neural bridge testing and documentation expansion
Q3 2026: Launch of DAO governance framework and privacy toolkit
Q1 2027: Mainnet launch with full protocol stack and validator staking
About Avilom
Avilom is a self-evolving blockchain infrastructure that integrates artificial intelligence across its core layers. With real-time adaptation, privacy-enhancing protocols, and predictive automation, Avilom supports the next generation of decentralized applications, cross-chain systems, and privacy-aware AI computation.
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Ahmedabad Plane Crash
GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Duolingo Reports 41% Revenue Growth, 46% Subscription Revenue Growth and Record Profitability in Second Quarter 2025; Raises Full-Year Guidance
PITTSBURGH, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Duolingo, Inc. (NASDAQ: DUOL) announced results for the second quarter ended June 30, 2025 in a shareholder letter that is posted on its Investor Relations website at 'We exceeded our own high expectations for bookings and revenue this quarter, and did it while expanding profitability,' said Luis von Ahn, Co-Founder and CEO of Duolingo. 'Engagement remained strong, and we've seen encouraging early signals from new product initiatives like our Energy mechanic and Chess course.' 'We believe we're still early in our user growth journey. We've delivered innovation while growing profitability—through strong performance across all subscription tiers, continued investment in our core product, and new subjects that help us increase engagement. We remain focused on building for long-term engagement and growth.' Video Webcast Duolingo will host a video webcast to discuss its quarterly results today, August 6, 2025 at 5:30 p.m. ET. This live webcast and related materials will be publicly available and can be accessed at A replay will be available on the Investor Relations section of our website two hours following completion of the webcast and will remain available for a period of one year. About Duolingo Duolingo is the leading mobile learning platform globally. Its flagship app has organically become the world's most popular way to learn languages and the top-grossing app in the Education category on both Google Play and the Apple App Store. With technology at the core of everything it does, Duolingo has consistently invested to provide learners a fun, engaging, and effective learning experience while remaining committed to its mission to develop the best education in the world and make it universally available. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the 'Securities Act') and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). All statements other than statements of historical facts contained in this press release, including without limitation, statements regarding our planned investments, strategic priorities and new product initiatives, the ability of our products to drive growth, and our financial outlook are forward-looking statements. Without limiting the generality of the foregoing, you can identify forward-looking statements because they contain words such as 'may,' 'will,' 'shall,' 'should,' 'expects,' 'plans,' 'anticipates,' 'could,' 'intends,' 'target,' 'projects,' 'contemplates,' 'believes,' 'estimates,' 'predicts,' 'potential,' 'goal,' 'objective,' 'seeks,' or 'continue' or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Such forward-looking statements are neither promises nor guarantees, but involve a number of known and unknown risks, uncertainties and assumptions that may cause our actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to: our ability to retain and grow our users and sustain their engagement with our products; competition in the online language learning industry; our limited operating history; our ability to maintain profitability; our ability to manage our growth and operate at such scale; the success of our investments; our reliance on third-party platforms to store and distribute our products and collect revenue; our reliance on third-party hosting and cloud computing providers; our ability to compete for advertisements; acceptance by educational organizations of technology-based education; changes in our business and macroeconomic conditions; our ability to access, collect, use, and otherwise process Personal Data about our users and payers, and to comply with applicable data privacy laws; our ability to successfully develop, implement and use of artificial intelligence and machine learning technologies; our ability adequately obtain, protect and maintain our intellectual property rights; and the other important factors more fully detailed under the caption "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as any such factors may be updated from time to time in our other filings with the Securities and Exchange Commission ('SEC'), accessible on the SEC's website at and the Investor Relations section of the Company's website at All forward-looking statements speak only as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, unless required by applicable law, we disclaim any obligation to do so, even if subsequent events cause our views to change. Contacts Investor Relations:Deborah Belevan, VP of Investor RelationsIR@ Press:press@
Business Wire
2 hours ago
- Business Wire
Amplitude Announces Second Quarter 2025 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)-- Amplitude, Inc. (Nasdaq: AMPL), the leading digital analytics platform, today announced financial results for its second quarter ended June 30, 2025. "Q2 was a strong quarter. We delivered the highest net-new ARR in nearly three years and saw record multi-product adoption," said Spenser Skates, CEO and co-founder of Amplitude. "This progress reflects our deliberate focus on the enterprise and platform expansion strategy. We're still early in the opportunity, and AI will be a key part of how we drive value going forward." Second Quarter 2025 Financial Highlights: (in millions, except per share and percentage amounts) Non-GAAP income (loss) from operations and non-GAAP net income (loss) per share exclude expenses related to stock-based compensation expense and related employer payroll taxes and amortization of acquired intangible assets. Stock-based compensation expense and the related employer payroll taxes were $25.3 million in the second quarter of 2025 compared to $23.3 million in the second quarter of 2024. Free cash flow is GAAP net cash provided by operating activities, less cash used for purchases of property and equipment and capitalized internal-use software costs. The section titled "Non-GAAP Financial Measures" below contains a description of the non-GAAP financial measures. Reconciliations of historical GAAP to non-GAAP information are presented in the accompanying tables. Second Quarter and Recent Business Highlights: Named a Leader and a Customer Favorite in The Forrester Wave™: Digital Analytics Solutions, Q3 2025 report. Amplitude received the highest 'Current Offering' category score of all vendors in the report, as well as the highest scores possible in 21 criteria. Ranked #1 in eight categories in G2's Summer 2025 report, including the top spot in Product Analytics for the 20th quarter in a row. Announced the beta launch of Amplitude AI Agents, which are designed to automate product management tasks like monitoring data, spotting patterns and changes, watching user sessions, forming hypotheses, running experiments, shipping changes, and monitoring impact. Released a suite of new marketing capabilities designed to allow teams to easily see what drives conversions and lifetime value (LTV), confidently measure return on ad spend, and more precisely target audiences with relevant messaging. Welcomed teams from Kraftful, Inari, and June to accelerate AI innovation. Annual Recurring Revenue was $335 million, an increase of 16% year-over-year and an increase of $15 million compared to the first quarter of 2025. GAAP Net Loss per share was $0.19, based on 131.4 million shares, compared to a loss of $0.19 per share, based on 122.6 million shares, in the second quarter of 2024. Non-GAAP Net Income (Loss) per share was $0.01, based on 140.2 million diluted shares, compared to $(0.00) per share, based on 122.6 million basic shares, in the second quarter of 2024. Cash Flow from Operations was $20.1 million, a $10.9 million increase year-over-year. Free Cash Flow was $18.2 million, a $11.4 million increase year-over-year. The number of customers with $100,000 or greater in ARR increased to 634, or 16% year-over-year growth. Financial Outlook: The third quarter and full year 2025 outlook information provided below is based on Amplitude's current estimates and is not a guarantee of future performance. These statements are forward-looking and actual results may differ materially. Refer to the 'Forward-Looking Statements' section below for information on the factors that could cause Amplitude's actual results to differ materially from these forward-looking statements. For the third quarter and full year 2025, the Company expects: An outlook for GAAP income (loss) from operations, GAAP net income (loss), GAAP net income (loss) per share and a reconciliation of expected non-GAAP income (loss) from operations to GAAP income (loss) from operations, expected non-GAAP net income (loss) to GAAP net income (loss), and expected non-GAAP net income (loss) per share to GAAP net income (loss) per share have not been provided as the quantification of certain items included in the calculation of GAAP income (loss) from operations, GAAP net income (loss) and GAAP net income (loss) per share cannot be reasonably calculated or predicted at this time without unreasonable efforts. For example, the non-GAAP adjustment for stock-based compensation expense requires additional inputs such as the number and value of awards granted that are not currently ascertainable, and the non-GAAP adjustment for amortization of acquired intangible assets depends on the timing and value of intangible assets acquired that cannot be accurately forecasted. Conference Call Information: Amplitude will host a live video webcast to discuss its financial results for its second quarter ended June 30, 2025, as well as the financial outlook for its third quarter and full year 2025 today at 2:00 PM Pacific Time / 5:00 PM Eastern Time. Interested parties may access the webcast, earnings press release, and investor presentation on the events section of Amplitude's investor relations website at A replay will be available in the same location a few hours after the conclusion of the live webcast. Forward-Looking Statements: This press release contains express and implied "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's financial outlook for the third quarter and full year 2025, the opportunity for the use of AI to drive value for the Company going forward, the Company's growth strategy and business aspirations and its market position and market opportunity. These statements are often, but not always, made through the use of words or phrases such as 'may,' 'should,' 'could,' 'predict,' 'potential,' 'believe,' 'expect,' 'continue,' 'will,' 'anticipate,' 'seek,' 'estimate,' 'intend,' 'plan,' 'projection,' 'would,' and 'outlook,' or the negative version of those words or phrases or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are not statements of historical fact, and are based on current expectations, estimates, and projections about the Company's industry as well as certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond the Company's control. These statements are subject to numerous uncertainties and risks that could cause actual results, performance, or achievement to differ materially and adversely from those anticipated or implied in the statements, including risks related to: the Company's limited operating history and rapid growth over the last several years, which makes it difficult to forecast the Company's future results of operations; the Company's history of losses; any decline in the Company's customer retention or expansion of its commercial relationships with existing customers or an inability to attract new customers; expected fluctuations in the Company's financial results, making it difficult to project future results; the Company's focus on sales to larger organizations and potentially increased dependency on those relationships, which may increase the variability of the Company's sales cycles and results of operations; downturns or upturns in new sales, which may not be immediately reflected in the Company's results of operations and may be difficult to discern; unfavorable conditions in the Company's industry or the global economy, including as a result of the imposition of tariffs or other trade protection measures, or reductions in information technology spending, which could limit the Company's ability to grow its business; the market for SaaS applications, which may develop more slowly than the Company expects or decline; the Company's intellectual property rights, which may not protect its business or provide the Company with a competitive advantage; and evolving privacy and other data-related laws; and the impact of sanctions related to Russia on the Company's ability to collect receivables. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are or will be included under the caption "Risk Factors" and elsewhere in the reports and other documents that the Company files with the Securities and Exchange Commission from time to time, including the Company's Quarterly Report on Form 10-Q being filed at or around the date hereof. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. The Company undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Non-GAAP Financial Measures: This press release includes financial information that has not been prepared in accordance with GAAP. The Company uses non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating the Company's ongoing operational performance. The Company believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company's financial results with other companies in the industry, many of which present similar non-GAAP financial measures to investors. There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under GAAP. For example, other companies in the Company's industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. In addition, free cash flow does not reflect the Company's future contractual commitments and the total increase or decrease of its cash balance for a given period. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. A reconciliation of the Company's non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures below. Non-GAAP Gross Profit, Non-GAAP Gross Margin, Non-GAAP Operating Expenses, Non-GAAP Income (Loss) from Operations, Non-GAAP Operating Margin, Non-GAAP Net Income (Loss), and Non-GAAP Net Income (Loss) per Share. The Company defines these non-GAAP financial measures as their respective GAAP measures, excluding expenses related to stock-based compensation expense and related employer payroll taxes, amortization of acquired intangible assets, and non-recurring costs such as restructuring and other related charges. The Company excludes stock-based compensation expense and related employer payroll taxes, which is a non-cash expense, from certain of its non-GAAP financial measures because it believes that excluding this item provides meaningful supplemental information regarding operational performance. The Company excludes amortization of intangible assets, which is a non-cash expense, related to business combinations from certain of its non-GAAP financial measures because such expenses are related to business combinations and have no direct correlation to the operation of the Company's business. Although the Company excludes these expenses from certain non-GAAP financial measures, the revenue from acquired companies subsequent to the date of acquisition is reflected in these measures and the acquired intangible assets contribute to the Company's revenue generation. The Company excludes non-recurring costs from certain of its non-GAAP financial measures because such expenses do not repeat period-over-period and are not reflective of the ongoing operation of the Company's business. The Company uses non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income (loss) from operations, non-GAAP operating margin, non-GAAP net income (loss), and non-GAAP net income (loss) per share in conjunction with its traditional GAAP measures to evaluate the Company's financial performance. The Company believes that these measures provide its management, board of directors, and investors consistency and comparability with its past financial performance and facilitate period-to-period comparisons of operations. Free Cash Flow and Free Cash Flow Margin. The Company defines free cash flow as net cash provided by (used in) operating activities, less cash used for purchases of property and equipment and capitalized internal-use software costs. Free cash flow margin is calculated as free cash flow divided by total revenue. The Company believes that free cash flow and free cash flow margin are useful indicators of liquidity that provide its management, board of directors, and investors with information about its future ability to generate or use cash to enhance the strength of its balance sheet and further invest in its business and pursue potential strategic initiatives. Definitions of Business Metrics: Annual Recurring Revenue The Company defines Annual Recurring Revenue ('ARR') as the annual recurring revenue of subscription agreements at a point in time based on the terms of customers' contracts, including certain premium services that are subject to contractual subscription terms and Plus customers that we expect to recur. ARR should be viewed independently of revenue, and does not represent the Company's GAAP revenue on an annualized basis, as it is an operating metric that can be impacted by contract start and end dates and renewal rates. ARR is also not intended to be a forecast of revenue. Dollar-Based Net Retention Rate The Company calculates dollar-based net retention rate as of a period end by starting with the ARR from the cohort of all customers as of 12 months prior to such period-end (the 'Prior Period ARR'). The Company then calculates the ARR from these same customers as of the current period-end (the 'Current Period ARR'). Current Period ARR includes any expansion and is net of contraction or attrition over the last 12 months, but excludes ARR from new customers as well as any overage charges in the current period. The Company then divides the total Current Period ARR by the total Prior Period ARR to arrive at the dollar-based net retention rate ("NRR"). The Company then calculates the average of the trailing 12-month dollar-based net retention rates, to arrive at the dollar-based net retention rate ('NRR (TTM)'). About Amplitude: Amplitude is the leading digital analytics platform that helps companies unlock the power of their products. Over 4,300 customers, including Atlassian, NBCUniversal, Under Armour, Square, and Jersey Mike's, rely on Amplitude to gain self-service visibility into the entire customer journey. Amplitude guides companies every step of the way as they capture data they can trust, uncover clear insights about customer behavior, and take faster action. When teams understand how people are using their products, they can deliver better product experiences that drive growth. Amplitude is the best-in-class analytics solution for product, data, and marketing teams, ranked #1 in multiple categories in G2's Summer 2025 Report. Learn how to optimize your digital products and business at AMPLITUDE, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Revenue $ 83,270 $ 73,300 $ 163,223 $ 145,924 Cost of revenue (1) 22,812 19,485 43,016 38,374 Gross profit 60,458 53,815 120,207 107,550 Operating expenses: Research and development (1) $ 24,094 $ 21,145 $ 47,627 $ 44,098 Sales and marketing (1) 46,955 44,144 91,101 84,961 General and administrative (1) 16,503 15,686 32,771 30,356 Total operating expenses 87,552 80,975 171,499 159,415 Loss from operations (27,094 ) (27,160 ) (51,292 ) (51,865 ) Other income (expense), net 2,980 3,950 5,725 7,621 Loss before provision for income taxes (24,114 ) (23,210 ) (45,567 ) (44,244 ) Provision for income taxes 554 205 1,332 631 Net loss $ (24,668 ) $ (23,415 ) $ (46,899 ) $ (44,875 ) Net loss per share Basic and diluted $ (0.19 ) $ (0.19 ) $ (0.36 ) $ (0.37 ) Weighted-average shares used in calculating net loss per share: Basic and diluted 131,364 122,633 130,534 121,730 (1) Amounts include stock-based compensation expense as follows: Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Cost of revenue $ 1,469 $ 1,548 $ 2,736 $ 3,022 Research and development 8,657 8,197 16,163 17,111 Sales and marketing 9,740 8,647 17,559 15,518 General and administrative 4,639 4,346 8,644 8,151 Total stock-based compensation expense $ 24,505 $ 22,738 $ 45,102 $ 43,802 Expand AMPLITUDE, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Cash flows from operating activities: Net loss $ (24,668 ) $ (23,415 ) $ (46,899 ) $ (44,875 ) Adjustments to reconcile net loss to net cash provided by (used in) operating activities Depreciation and amortization 2,374 1,312 4,659 2,762 Stock-based compensation expense 24,505 22,738 45,102 43,802 Other 351 (450 ) 605 (689 ) Non-cash operating lease costs 1,205 980 2,333 1,965 Changes in operating assets and liabilities: Accounts receivable 5,055 1,219 (10,325 ) (5,565 ) Prepaid expenses and other current assets (5,268 ) (2,857 ) (3,635 ) (5,065 ) Deferred commissions (4,018 ) 3 (4,725 ) 129 Other noncurrent assets (1,017 ) (2,042 ) (1,836 ) (4,951 ) Accounts payable (239 ) (12,056 ) 945 (709 ) Accrued expenses 3,643 3,290 1,770 2,783 Deferred revenue 19,655 21,664 26,988 21,865 Operating lease liabilities (1,524 ) (1,158 ) (2,950 ) (2,272 ) Net cash provided by (used in) operating activities 20,054 9,228 12,032 9,180 Cash flows provided by (used in) investing activities: Cash received from maturities of marketable securities 14,458 15,000 23,008 57,500 Purchase of marketable securities (30,778 ) — (64,513 ) (18,352 ) Purchase of property and equipment (538 ) (606 ) (977 ) (963 ) Capitalization of internal-use software costs (1,348 ) (1,781 ) (2,113 ) (2,514 ) Cash paid for acquisitions, net of cash acquired (400 ) — (400 ) — Net cash provided by (used in) investing activities (18,606 ) 12,613 (44,995 ) 35,671 Cash flows provided by (used in) financing activities: Proceeds from the exercise of stock options 591 1,463 2,120 3,257 Cash received for tax withholding obligations on equity award settlements 302 737 1,680 2,283 Cash paid for tax withholding obligations on equity award settlements (11,318 ) (7,404 ) (20,315 ) (16,537 ) Repurchase of common stock (2,537 ) — (2,537 ) — Net cash provided by (used in) financing activities (12,962 ) (5,204 ) (19,052 ) (10,997 ) Net increase (decrease) in cash, cash equivalents, and restricted cash (11,514 ) 16,637 (52,015 ) 33,854 Cash, cash equivalents, and restricted cash at beginning of the period 132,058 266,577 172,559 249,360 Cash, cash equivalents, and restricted cash at end of the period $ 120,544 $ 283,214 $ 120,544 $ 283,214 Expand AMPLITUDE, INC. Reconciliation of GAAP to Non-GAAP Data (In thousands, except percentages and per share amounts) (unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Reconciliation of gross profit and gross margin GAAP gross profit $ 60,458 $ 53,815 $ 120,207 $ 107,550 Plus: stock-based compensation expense and related employer payroll taxes 1,469 1,548 2,736 3,022 Plus: amortization of acquired intangible assets 187 62 369 332 Non-GAAP gross profit $ 62,114 $ 55,425 $ 123,312 $ 110,904 GAAP gross margin 72.6 % 73.4 % 73.6 % 73.7 % Non-GAAP adjustments 2.0 % 2.2 % 1.9 % 2.3 % Non-GAAP gross margin 74.6 % 75.6 % 75.5 % 76.0 % Reconciliation of operating expenses GAAP research and development $ 24,094 $ 21,145 $ 47,627 $ 44,098 Less: stock-based compensation expense and related employer payroll taxes (9,031 ) (8,482 ) (17,110 ) (18,014 ) Non-GAAP research and development $ 15,063 $ 12,663 $ 30,517 $ 26,084 GAAP research and development as percentage of revenue 28.9 % 28.8 % 29.2 % 30.2 % Non-GAAP research and development as percentage of revenue 18.1 % 17.3 % 18.7 % 17.9 % GAAP sales and marketing $ 46,955 $ 44,144 $ 91,101 $ 84,961 Less: stock-based compensation expense and related employer payroll taxes (10,018 ) (8,837 ) (18,176 ) (16,090 ) Less: amortization of acquired intangible assets (125 ) (44 ) (247 ) (87 ) Non-GAAP sales and marketing $ 36,812 $ 35,263 $ 72,678 $ 68,784 GAAP sales and marketing as percentage of revenue 56.4 % 60.2 % 55.8 % 58.2 % Non-GAAP sales and marketing as percentage of revenue 44.2 % 48.1 % 44.5 % 47.1 % GAAP general and administrative $ 16,503 $ 15,686 $ 32,771 $ 30,356 Less: stock-based compensation expense and related employer payroll taxes (4,789 ) (4,456 ) (9,062 ) (8,510 ) Non-GAAP general and administrative $ 11,714 $ 11,230 $ 23,709 $ 21,846 GAAP general and administrative as percentage of revenue 19.8 % 21.4 % 20.1 % 20.8 % Non-GAAP general and administrative as percentage of revenue 14.1 % 15.3 % 14.5 % 15.0 % Reconciliation of operating loss and operating margin GAAP loss from operations $ (27,094 ) $ (27,160 ) $ (51,292 ) $ (51,865 ) Plus: stock-based compensation expense and related employer payroll taxes 25,307 23,323 47,084 45,636 Plus: amortization of acquired intangible assets 312 106 616 419 Non-GAAP income (loss) from operations $ (1,475 ) $ (3,731 ) $ (3,592 ) $ (5,810 ) GAAP operating margin (32.5 %) (37.1 %) (31.4 %) (35.5 %) Non-GAAP adjustments 30.8 % 32.0 % 29.2 % 31.6 % Non-GAAP operating margin (1.8 %) (5.1 %) (2.2 %) (4.0 %) Reconciliation of net income (loss) GAAP net income (loss) $ (24,668 ) $ (23,415 ) $ (46,899 ) $ (44,875 ) Plus: stock-based compensation expense and related employer payroll taxes 25,307 23,323 47,084 45,636 Plus: amortization of acquired intangible assets 312 106 616 419 Less: income tax effect of non-GAAP adjustments — (16 ) — (158 ) Non-GAAP net income (loss) $ 951 $ (2 ) $ 801 $ 1,022 Reconciliation of net income (loss) per share GAAP net income (loss) per share, basic $ (0.19 ) $ (0.19 ) $ (0.36 ) $ (0.37 ) Non-GAAP adjustments to net income (loss) 0.20 0.19 0.37 0.38 Non-GAAP net income (loss) per share, basic $ 0.01 $ (0.00 ) $ 0.01 $ 0.01 Non-GAAP net income (loss) per share, diluted $ 0.01 $ (0.00 ) $ 0.01 $ 0.01 Weighted-average shares used in GAAP and non-GAAP per share calculation, basic 131,364 122,633 130,534 121,730 Weighted-average shares used in GAAP and non-GAAP per share calculation, diluted (1) 140,210 122,633 139,804 130,400 Note: Certain figures may not sum due to rounding (1) For the three and six months ended June 30, 2025 and for the six months ended June 30, 2024, the weighted average shares used in the GAAP per share calculation excludes 8.8 million shares, 9.3 million shares, and 8.7 million shares, respectively, as the effect is anti-dilutive in the period. Expand AMPLITUDE, INC. Historicals - Key Business Metrics (In millions, except percentages) (unaudited) March 31, 2024 June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 June 30, 2025 Annual Recurring Revenue (ARR) $ 285 $ 290 $ 298 $ 312 $ 320 $ 335 Dollar-based Net Retention Rate (NRR) 97% 96% 98% 100% 101% 104% Expand
Business Wire
2 hours ago
- Business Wire
Palladyne AI Corp Provides 2025 Mid-Year Business and Financial Update
SALT LAKE CITY--(BUSINESS WIRE)-- Palladyne AI Corp. (NASDAQ: PDYN and PDYNW) ('Palladyne AI'), a developer of artificial intelligence software for robotic platforms in the industrial and defense sectors, today announced key business and financial achievements to date for 2025 in conjunction with the filing of its 2025 second quarter Form 10-Q. First Half 2025 Financial and Product Development Objectives Met; Focus Shifts to Completion of Version 2 of Palladyne™ IQ, Demonstrating Enhanced Capabilities for Palladyne™ Pilot with Defense Community and Securing Customers Share Mid-2025 Highlights and Recent Developments Continued strengthening of the balance sheet, with $62.7 million in cash, cash equivalents, and marketable securities on hand as of June 30, 2025, working capital of $62.0 million, and no debt for borrowed money or other long-term financial obligations on the balance sheet other than the Company's long-term office lease. Raised $34.8 million, net of commissions and offering expenses, during the first half of 2025 through at-the-market offerings and the exercise of warrants. First half 2025 cash burn of $2.0 million per month, adjusted for net cash raised during the year, with approximately the same rate expected for the second half of 2025, at the upper end of the $1.6 - $2.0 million range previously communicated. Initial Commercial versions of Palladyne ™ IQ and Palladyne ™ Pilot products for sale. Version 2 of Palladyne IQ scheduled for release in second half 2025 to incorporate user experience and other improvements based on continued testing and customer feedback. CEO Commentary The intensifying tariff and foreign policy landscape, especially with ongoing U.S.-China tensions, is prompting a re-evaluation of local manufacturing and global supply chains. Manufacturing reinvention in 2025 is no longer speculative—it is federal policy. President Trump's reshoring agenda, matched with defense-driven stimulus and AI-centric automation, will fuel a new era of digitally enabled, domestically anchored industrial growth. American manufacturers are expected to accelerate reshoring efforts and investments in automation to remain competitive. This will lead to a significant increase in demand for AI-driven robotics that can offset labor costs, optimize throughput, and increase margins. Additionally, the Trump administration's 2025 policies—especially the Golden Dome missile defense initiative and expanded drone security measures—will drive a significant structural increase in defense spending, with implications across aerospace, autonomy, and AI ecosystems. We believe that in the medium and long term, reshoring of manufacturing creates a substantially larger market opportunity for our products. However, in the near term, market uncertainty has temporarily slowed sales momentum for Palladyne IQ. Systems integrators and potential customers of Palladyne IQ have indicated that recent changes in U.S. trade policy have caused some of them to re-evaluate their automation priorities. In several cases, this re-evaluation is leading to discussions about substantially larger potential engagements with prospective customers compared to the scope that was under discussion before the policy changes. Based on interaction with dozens of potential customers during the first half of 2025, we believe that the sales cycle for our products is likely to be between 12 and 18 months, or even longer. We expect that the second half of 2025 will bring greater clarity on our potential customers' automation priorities, planning, and initiatives. Fortunately, we believe we are well-positioned to capitalize on strong structural drivers that will accelerate over the coming years: Manufacturing Reinvention: The Trump administration's second term is doubling down on a 'Made in America' economic strategy, emphasizing domestic production, strategic autonomy, and AI-enabled automation to modernize U.S. manufacturing. We believe reshoring and labor shortages will trigger long-term investment in domestic smart factories, accelerating demand for AI-driven automation platforms. Public Safety Modernization: The private sector is stepping into roles traditionally held by public agencies. One of the most exciting near-term growth areas lies at the intersection of drones and public safety. Across the United States, municipalities and private security firms will invest in autonomous aerial surveillance, emergency response, and infrastructure inspection. Security firms, utilities, and logistics providers are adopting drone-based AI for surveillance, response, and monitoring. Government & Defense AI Spending: The FY2025 National Defense Authorization Act (NDAA) reflects an increase in total defense spending exceeding $950 billion, with a large share of new appropriations earmarked for missile defense and counter-drone systems (Golden Dome, THAAD upgrades, directed energy weapons), AI and autonomous systems in both tactical and ISR (intelligence, surveillance, reconnaissance) roles, and U.S.-made drone procurement and anti-drone technologies. Increased AI and autonomy prioritization within DoD budgets and homeland security initiatives create long-term federal procurement and grant opportunities. A change in administration or policy emphasis could alter funding distribution, but we expect the strategic importance of autonomy to national competitiveness and security to remain prominent and nonpartisan. We are at the forefront of the AI revolution in robotics—enabling autonomous decision-making and multi-agent collaboration across drones, industrial robots, and edge-deployed systems. We believe that the macroeconomic, political, and technological environment is creating significant tail winds for our business. As businesses confront supply chain volatility, labor constraints, and national security demands, our Palladyne IQ software is well positioned to be a critical enabler of operational resilience and intelligent automation. We also see opportunities to scale our Palladyne Pilot platform across new sectors, strengthen our commercial pipeline, and expand our partner ecosystem with drone manufacturers, integrators, and defense contractors. We continue to expect to begin generating revenues from our products in the second half of 2025 and for revenues to grow modestly throughout 2026. Looking Forward We will continue to manage our expenses closely while investing as we deem appropriate in marketing and sales opportunities to secure customers and continue our product development activities. Based on the expenses we can foresee today, we believe that we have funds on hand to operate the business for a minimum of two and a half years, assuming we generate no new revenues during that time beyond our current development contracts. Even if the sales cycle for our new products is substantially longer than we expect, we should have plenty of financial runway to give us ample time to generate momentum with product sales. Additionally, we are seeing a number of interesting and attractive possibilities to expand our business through strategic relationships, joint ventures, and potential acquisition opportunities. Although we believe we have sufficient capital to operate our core business as described above, we are filing a new 'at-the-market' equity offering ('ATM') prospectus supplement, related to our ATM program, with the Securities and Exchange Commission for up to $50 million, which may enable us to act quickly in the event we decide to pursue one or more of these opportunities. In connection with the filing of the new ATM prospectus supplement, we are filing a new shelf registration statement with the Securities and Exchange Commission to replace our existing shelf registration statement which expires in November 2025. We intend to de-register any remaining availability under our currently effective S-3 shelf registration statement once the new one is declared effective by the Securities and Exchange Commission. We will continue to balance the financial needs and condition of the company with the potential dilution additional equity sales would have on our stockholders as we consider whether to sell equity or other securities pursuant to the ATM or otherwise under the shelf registration statement. We intend to continue to refrain from holding earnings calls for the time being, though we will continue to issue press releases, post on our social media accounts, provide information on our website, and otherwise publish information about us and our business that we deem to be of importance or interesting to our investors and those interested in our company. For more information, please visit and connect with us on LinkedIn at This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer, solicitation or sale will be made only by means of the prospectus supplement and the accompanying prospectus. About Palladyne AI Corp. Palladyne AI Corp. (NASDAQ: PDYN) has developed an advanced artificial intelligence (AI) and machine learning (ML) software platform poised to revolutionize the capabilities of robots, enabling them to observe, learn, reason, and act in a manner akin to human intelligence. Our AI and ML software platform empowers robots to perceive variations or changes in the real-world environment, enabling them to autonomously maneuver and manipulate objects accurately in response. The Palladyne AI software solution operates on the edge and dramatically reduces the significant effort required to program and deploy robots enabling industrial robots and collaborative robots (cobots) to quickly achieve autonomous capabilities even in dynamic and or complex environments. Designed to enable robotic systems to perceive their environment and quickly adapt to changing circumstances by generalizing (i.e., learning) from their past experience using dynamic real-time operations 'on the edge' (i.e., on the robotic system) without extensive programming and with minimal robot training. Palladyne AI believes its software has wide application, including in industries such as automotive, aviation, construction, defense, general manufacturing, infrastructure inspection, logistics and warehousing. Its applicability extends beyond traditional robotics to include Unmanned Aerial Vehicles (UAVs), Unmanned Ground Vehicles (UGVs), and Remotely Operated Vehicles (ROVs). Palladyne AI's approach is expected to elevate the return on investment associated with a diverse range of machines that are fixed, fly, float, or roll. By enabling autonomy, reducing programming complexity, and enhancing efficiency, we are paving the way for a future where machines can excel in tasks that were once considered beyond their reach. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future cash burn and expenses, timing and growth of future revenues, sufficiency of the Company's capital, business strategy, sales cycle, future capital raising activities and uses of any such capital, software product development, the capabilities or future capabilities of the Company's foundational technology and products, the benefits of the software foundational technology and products and the industries that could benefit from them, the applicability of the Company's foundational technology and products to different kinds of machines (such as UAVs, UGVs and ROVs), future macroeconomic, political and other structural influences or conditions and their impact on our business and prospects, and the potential success of Palladyne AI's strategy. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words 'believes,' 'estimates,' 'expects,' 'projects,' 'forecasts,' 'may,' 'will,' 'should,' 'seeks,' 'plans,' 'scheduled,' 'anticipates,' 'intends' or 'continue' or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Palladyne AI's management's current expectations and beliefs, as well as a number of assumptions concerning future events. However, there can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Palladyne AI is not under any obligation and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports which Palladyne AI has filed or will file from time to time with the Securities and Exchange Commission (the 'SEC'), in particular the risks and uncertainties set forth in the sections of those reports entitled 'Risk Factors' and 'Cautionary Note Regarding Forward-Looking Statements,' for a description of risks facing Palladyne AI and that could cause actual events, results or performance to differ from those indicated in the forward-looking statements contained herein. The documents filed by Palladyne AI with the SEC may be obtained free of charge at the SEC's website at
