PDYN
Palladyne AI Corp.4.4900
-0.0100-0.22%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details OEM progress, pricing
Q&A provided execution details without contradicting reiterated $24-27M 2026 revenue guide or $8-9M quarterly cash ops usage. Management flagged imminent Red Cat certification and partnership deal, Draganfly porting this quarter, and IQ 2.0's first deployment in weeks—faster than typical 12-18 month cycles. SwarmOS pricing lands at 5-10% of drone cost per unit, with prospects across sizes. They sidestepped backlog breakdowns, profitability targets, and revenue splits, emphasizing seamless integration for full-stack bids and missile ramps. Partnerships materialize slowly. Investors eye OEM wins and backlog conversion amid rising defense interest.
Key Stats
Market Cap
200.75MP/E (TTM)
-Basic EPS (TTM)
-1.66Dividend Yield
0%Recent Filings
8-K
2025 results, bold 2026 guidance
Palladyne AI reported 2025 results with full-year revenue down 33% to $5.2M yet Q4 surging 118% to $1.7M, fueled by November acquisitions of GuideTech, Warnke Precision Machining, and MKR Fabricators that launched Palladyne Defense. Backlog jumped over 30% to nearly $18M by mid-February. Company reiterates 2026 revenue guidance of $24-27M. Cash pile hit $47M.
10-K
FY2025 results
Palladyne AI posted FY2025 revenue of $5.2M, down 33% y/y from $7.8M, as product sales evaporated while services held at $4.7M and new manufacturing kicked off with $0.6M post-November acquisitions. Operating loss widened to $32.4M from $26.9M amid 24% R&D ramp to $12.9M for AI software debugging, yet Q4 momentum built via GuideTech, Warnke, and MKR buys adding avionics and precision machining for vertical integration. Cash burned $27.6M on ops but closed at $47.1M after $39M equity raises; backlog hit $13.9M. Warrant gains flipped net loss to $10M profit. Supply chain snags from sole-source vendors threaten quarterly ramps.
8-K
Muta named commercial president
Palladyne AI appointed board member Matt Muta as President, Commercial and Industrial, effective March 2, 2026, accelerating its commercial push for Palladyne IQ software. Muta steps down from the board with no disagreements, bringing Microsoft and airline expertise to drive sales and partnerships. Leadership aligns execution. Forward-looking statements note risks.
8-K
Investor deck reveals prelim results
Palladyne AI posted an investor deck on January 14, 2026, disclosing preliminary 2025 revenue of $5.0-$5.5M, >$13M 12-month backlog, and ~$47M cash equivalents as of December 31, 2025. It guides FY26 revenue to $24-$27M from acquisitions and contracts, with ~$6-7M quarterly cash burn. Acquisitions fuel defense autonomy scale. Forward-looking estimates carry risks.
8-K
2025 prelims, 2026 guidance up
Palladyne AI released preliminary 2025 results on January 13, 2026, projecting revenue of $5.0-$5.5 million, $47 million in cash equivalents, and $13 million backlog—up from $10 million mid-November post-acquisitions. It guided 2026 revenue to $24-$27 million, a 336%-440% jump fueled by GuideTech, Warnke, and MKR integrations. Backlog converts mostly within 12 months. Actuals may differ amid closing procedures.
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