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Palladyne AI Corp.

Palladyne AI Corp.

NASDAQ•PDYN
CEO: Ms. Laura J. Peterson
Sector: Technology
Industry: Software - Infrastructure
Listing Date:
Palladyne AI Corp., a software company, focuses on delivering software that enhances the utility and functionality of third-party stationary and mobile robotic systems in the United States. Its Artificial Intelligence (AI)/ Machine Learning (ML) software platform enables robots to observe, learn, reason, and act in structured and unstructured environments. The company's software platform enables robotic systems to perceive their environment and quickly adapt to changing circumstances by generalizing from their experience using dynamic real-time operations without extensive programming and with minimal robot training. It serves customers from various industries, such as industrial manufacturing, warehousing and logistics, defense, infrastructure maintenance and repair, energy, aerospace and aviation, and others. The company was formerly known as Sarcos Technology and Robotics Corporation and changed its name to Palladyne AI Corp. in March 2024. Palladyne AI Corp. was founded in 2017 and is headquartered in Salt Lake City, Utah.
Contact Information
650 South 500 West, Suite 150, Salt Lake City, UT, 84101, United States
888-927-7296
www.palladyneai.com
Market Cap
$277.86M
P/E (TTM)
-6.5
60.9
Dividend Yield
--
52W High
$13.00
52W Low
$4.14
52W Range
28%
Rank59Top 87.6%
2.2
F-Score
Modified Piotroski Analysis
Based on 5-year fundamentals
Weak • 2.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2021-2025

Financial Dashboard

Q3 2025 Data

Revenue

$860.00K-1.26%
4-Quarter Trend

EPS

-$0.09-66.67%
4-Quarter Trend

FCF

-$6.67M+47.98%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Profitability Achieved Nine months 2025 net income reached $11.53M, reversing prior period loss of ($19.65M) due to significant warrant gains.
Asset Base Expansion Total assets increased to $72.93M by September 30, 2025, driven by strong cash and marketable securities position.
Financing Provides Liquidity Financing activities provided $35.61M net cash, supporting operations while awaiting commercial revenue realization from licensing.
Contract Revenue Stability Product development contract revenue was $3.58M for nine months, while legacy product revenue declined to near zero.

Risk Factors

Early Stage Loss Incurrence Expect significant operating losses to continue as development and commercialization efforts require substantial capital outlay.
Revenue Commercialization Uncertainty Successful large-scale adoption of AI/ML technology is uncertain; sales cycles are long, potentially delaying revenue realization.
Hardware Supplier Dependency Dependence exists on limited, sometimes sole-source suppliers for necessary hardware components impacting product availability.
Capital Needs and Dilution Business plans require significant capital; failure to secure funding may halt operations or cause stockholder equity dilution.

Outlook

AI/ML Commercialization Focus Strategy centers on commercializing AI/ML Foundational Technology; expecting initial commercial revenues in first half 2026.
Liquidity Runway Confirmed Management believes current cash resources are sufficient to support operations for at least the next 12 months.
Continued R&D Investment Expect substantial ongoing research and development costs to enhance technology and adapt to evolving market demands.

Peer Comparison

Revenue (TTM)

Rackspace Technology, Inc.RXT
$2.69B
-3.0%
Bandwidth Inc.BAND
$756.12M
+7.4%
Lesaka Technologies, Inc.LSAK
$685.60M
+19.5%

Gross Margin (Latest Quarter)

CS Disco, Inc.LAW
75.5%
+2.4pp
Repay Holdings CorporationRPAY
74.4%
-3.4pp
Satellogic Inc.SATL
67.8%
+8.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SATL$524.43M-7.2117.6%134.4%
IMXI$460.34M11.727.6%37.8%
BAND$442.26M-37.6-3.3%46.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
4.2%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 18, 2026
|
EPS:-
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 12, 2025|
    Revenue: $860.00K-1.3%
    |
    EPS: $-0.09-66.7%
    Meet

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $1.02M-62.6%
    |
    EPS: $-0.20+0.0%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $1.71M-50.3%
    |
    EPS: $0.64-328.6%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 20, 2025|
    Revenue: $7.79M+26.7%
    |
    EPS: $-2.77+38.6%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 13, 2024|
    Revenue: $871.00K-52.3%
    |
    EPS: $-0.27-76.1%
    Meet

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $2.71M+112.5%
    |
    EPS: $-0.20-82.1%
    Meet

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $3.44M+49.9%
    |
    EPS: $-0.28-66.7%
    Meet

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 28, 2024|
    Revenue: $6.15M-57.8%
    |
    EPS: $-4.51+29.8%
    Miss