Palladyne AI Corp.·Technology

SALT LAKE CITY--(BUSINESS WIRE)--Palladyne AI Corp. (Nasdaq: PDYN and PDYNW) (“Palladyne AI”), a U.S.-based defense and industrial technology company delivering embodied AI-powered collaborative autonomy solutions, advanced avionics, precision-manufactured components, UAVs, and advanced aerospace engineering services, today announced that effective May 20, 2026, the Compensation Committee of Palladyne AI's Board of Directors approved the grant of, in the aggregate, 91,528 restricted stock units.

Palladyne AI Corp. is evolving into a vertically integrated defense contractor, targeting automation and AI-driven defense and industrial markets. PDYN reported $3.5M in quarterly revenue, missing estimates, but maintained full-year guidance of $24–27M, citing delayed government contracts and strong backlog growth. Gross margin was 30% at 30% manufacturing utilization; significant margin improvement is expected as scale increases and software revenues ramp.

Palladyne AI Corp. (PDYN) Q1 2026 Earnings Call Transcript

SALT LAKE CITY--(BUSINESS WIRE)--Palladyne AI Reports First Quarter 2026 Results.

SALT LAKE CITY--(BUSINESS WIRE)--Palladyne AI Selected as One of 14 Companies for AFRL's Relentless Wolfpack Industry Day, Advancing Networked Collaborative Autonomous Weapon Systems.

SALT LAKE CITY--(BUSINESS WIRE)--Palladyne AI Announces First Quarter Fiscal 2026 Financial Results Conference Call and Webcast.
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) Foundational Technology enables robots to observe, learn, reason, and act in structured and unstructured environments. In addition, the company's technologies enable 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, training, or the latency associated with processing in the cloud. Further, it offers Palladyne IQ used with industrial robots and cobots, enabling them to learn multiple tasks and handle disruptions or obstacles; and develops Palladyne Pilot for use with unmanned platform, such as Class 1 UAVs to enable persistent detection, identification, tracking, and classification of objects of interest by sharing situational awareness information across multiple drones that is derived by fusing multi-modal sensor data. It serves industrial manufacturing, defense, infrastructure maintenance, repair and surveillance, energy, and aerospace and aviation industries. 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. is headquartered in Salt Lake City, Utah.
Technology
Software - Infrastructure
71
2021-09-27
3.51