Palladyne AI Corp.
- Open
- 5.81
- Day high
- 6.12
- Day low
- 5.74
- Prev close
- 5.81
- Volume
- 1.9M
- Mkt cap
- $287M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 4.1
- P/S
- 40.6
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$166K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions accumulating (13F)
Palladyne AI Corp. (PDYN) is a Technology company listed on NASDAQ. The stock is down 24% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
Palladyne AI Corp. (PDYN) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PDYN earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $-0.17 | $-0.28 | -69.7% | $4M | -28.2% |
| Mar 5, 2026 | $-0.09 | $-0.16 | -77.8% | $2M | +105.3% |
| Nov 12, 2025 | $-0.18 | $-0.09 | +50.0% | $860000 | +6.3% |
| Aug 6, 2025 | $-0.20 | $-0.20 | +0.0% | $1M | -12.0% |
| Feb 20, 2025 | $-0.26 | $-1.95 | -650.0% | $761000 | +0.0% |
| Nov 13, 2024 | $-0.61 | $-0.27 | +55.7% | $871000 | -97.5% |
| Mar 14, 2024 | $-0.44 | $-1.41 | -220.3% | $746000 | -25.4% |
| Nov 14, 2023 | $-0.59 | $-0.66 | -11.9% | $2M | +66.1% |
PDYN insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 8, 2026 | FINN BRIAN Ddirector | Grant | 15,083 | — |
| Jun 8, 2026 | Olson Eric Tdirector | Grant | 15,083 | — |
| Jun 8, 2026 | Young Michael T.director | Grant | 15,083 | — |
| Jun 8, 2026 | Twitty Stephendirector | Grant | 15,083 | — |
| Jun 8, 2026 | SONNE STEPHENofficer: CHIEF LEGAL OFFICER | Grant | 147,541 | — |
| Jun 8, 2026 | GARAGIC DENISofficer: CHIEF TECHNOLOGY OFFICER | Grant | 447,094 | — |
| Jun 8, 2026 | THATCHER TREVORofficer: CHIEF FINANCIAL OFFICER | Grant | 147,541 | — |
| Jun 8, 2026 | Wolff Benjamin Gdirector, officer: PRESIDENT & CEO | Grant | 4,470,942 | — |
| Jun 8, 2026 | WEIBLING DENNIS Mdirector | Grant | 15,083 | — |
| Jun 1, 2026 | THATCHER TREVORofficer: CHIEF FINANCIAL OFFICER | Grant | 1,000 | $4.55 |
| Jun 1, 2026 | SONNE STEPHENofficer: CHIEF LEGAL OFFICER | Grant | 1,000 | $4.55 |
| Jun 1, 2026 | GARAGIC DENISofficer: CHIEF TECHNOLOGY OFFICER | Grant | 1,000 | $4.55 |
| May 21, 2026 | SONNE STEPHENofficer: CHIEF LEGAL OFFICER | Sell | 5,245 | $6.14 |
| May 21, 2026 | GARAGIC DENISofficer: CHIEF TECHNOLOGY OFFICER | Sell | 17,176 | $6.14 |
| May 21, 2026 | THATCHER TREVORofficer: CHIEF FINANCIAL OFFICER | Sell | 4,561 | $6.14 |
Source: PDYN SEC Form 4 filings, latest Jun 8, 2026. For informational purposes only — not investment advice.
See the full PDYN insider & 13F page →Palladyne AI Corp. company profile
Overview
Palladyne AI Corp. (NASDAQ:PDYN) is a software company that develops artificial intelligence and machine learning solutions for robotic systems. Originally founded as Sarcos Technology and Robotics Corporation, the company rebranded to Palladyne AI Corp. in March 2024 to better reflect its strategic pivot toward AI-powered robotics software. Headquartered in Salt Lake City, Utah, Palladyne focuses on creating software that enhances the capabilities of third-party robotic systems across industrial manufacturing, defense, infrastructure maintenance, energy, and aerospace sectors.
Business
Palladyne AI operates in the robotics software industry, specifically developing artificial intelligence and machine learning solutions that enhance the functionality of existing robotic systems. The company does not manufacture robots themselves but instead creates software that makes third-party robots smarter and more adaptable. The company's core technology platform enables robots to observe, learn, reason, and act in both structured environments (like factory floors) and unstructured environments (like outdoor construction sites or military zones). Traditional robots typically require extensive programming for each specific task and struggle when conditions change unexpectedly. Palladyne's AI software allows robots to adapt to new situations by learning from experience, similar to how humans adjust their behavior based on past encounters. Palladyne offers two main software products. **Palladyne IQ** is designed for industrial robots and collaborative robots (cobots) used in manufacturing settings. This software enables these machines to learn multiple tasks and handle disruptions or obstacles without requiring reprogramming. For example, if a manufacturing robot encounters an unexpected object on an assembly line, Palladyne IQ allows it to recognize the situation and adapt its behavior accordingly. **Palladyne Pilot** targets unmanned aerial vehicles (UAVs), particularly Class 1 drones used for surveillance and monitoring applications. This software enables persistent detection, identification, tracking, and classification of objects of interest. Multiple drones equipped with Palladyne Pilot can share situational awareness information by combining data from various sensors, creating a coordinated network of intelligent surveillance systems. The company serves multiple industries including industrial manufacturing (estimated to represent the largest revenue segment), defense and military applications, infrastructure maintenance and surveillance, energy sector operations, and aerospace and aviation. Based on recent financial data, the company generates relatively modest revenues of approximately $7.8 million annually, indicating it is still in early commercialization stages.
Competitive moat
Palladyne AI's competitive moat appears relatively narrow and vulnerable to disruption from larger, better-resourced competitors. The company's primary defensive position rests on its specialized expertise in real-time AI processing for robotics applications and its early relationships with customers in niche industrial and defense markets. The company's technical advantage centers on enabling robots to process AI algorithms locally without cloud connectivity, reducing latency issues that are critical for real-time robotic operations. This edge-computing approach for robotics AI may provide some differentiation, particularly in applications where internet connectivity is unreliable or security concerns prevent cloud-based processing. However, this moat faces significant threats from multiple directions. Large technology companies like NVIDIA, Google, Microsoft, and Amazon possess vastly superior resources for AI research and development. These companies are actively expanding into robotics and could develop competing solutions with greater functionality and integration capabilities. Established robotics manufacturers like ABB, KUKA, and Fanuc might develop in-house AI capabilities or acquire specialized AI companies to vertically integrate their offerings. The software-only approach, while offering scalability advantages, also makes Palladyne's solutions potentially easier to replicate compared to companies with proprietary hardware components. The AI and machine learning field evolves rapidly, and maintaining technological leadership requires continuous substantial investment in research and development that may strain the company's limited financial resources. Customer switching costs provide some protection, as implementing and integrating robotics AI solutions requires significant time and training investments. However, these switching costs are not insurmountable, particularly for large customers who might prefer comprehensive solutions from established technology vendors rather than specialized point solutions from smaller companies.
Risks & safety
Palladyne AI presents significant financial risks with limited margin of safety for investors. **Cash burn and solvency concerns:** The company burns approximately $23 million annually in operating cash flow while generating only $7.8 million in revenue. With $10 million in cash as of Q1 2025, the company faces potential liquidity challenges within 12-18 months without additional financing or dramatic revenue growth. **Debt and balance sheet:** Current ratio of 16.0 indicates strong short-term liquidity, but this reflects recent equity raises rather than operational strength. The company carries manageable debt levels with a debt-to-equity ratio of 0.38. **Valuation metrics:** Trading at a P/E ratio of 2.3 based on Q1 2025's unusual positive net income (likely from one-time gains), but historical losses make traditional valuation metrics unreliable. Price-to-book ratio of 7.3 suggests significant premium to tangible assets. **Other considerations:** Revenue volatility is high, ranging from $0.8 million to $2.7 million quarterly. The company operates in early-stage markets with uncertain adoption timelines. Heavy dependence on external funding for survival creates substantial dilution risk for existing shareholders.
Recent development
Based on the available financial data, Palladyne AI has undergone significant strategic transformation over recent years. The most notable development was the company's rebranding from Sarcos Technology and Robotics Corporation to Palladyne AI Corp. in March 2024, signaling a strategic pivot away from robotics hardware toward AI software solutions. The company appears to have shifted from a hardware-focused robotics company to a pure-play AI software provider. This transition is evident in the dramatic reduction in revenue from $14.6 million in 2022 to $7.8 million in 2024, suggesting the company may have discontinued certain product lines or business segments during this strategic realignment. The financial trajectory shows the company struggling with commercialization despite the strategic pivot. Revenue has remained volatile and relatively low, while operating losses have persisted at substantial levels. The company's cash burn has improved somewhat from the extremely high levels of 2023 ($76.6 million in operating cash flow loss) to more manageable but still concerning levels of $22.6 million in 2024. Recent quarters show some stabilization in operations, with Q1 2025 showing unusual positive net income of $22.8 million, though this likely reflects one-time gains rather than operational profitability. The company continues to invest in developing its two core software platforms, Palladyne IQ for industrial robotics and Palladyne Pilot for unmanned aerial systems, positioning itself as a specialized AI software provider for the robotics ecosystem.
PDYN company profile · for informational purposes only — not investment advice.
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