secwatch.observer — SEC 8-K summary
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Issuer:     Palladyne AI Corp. (PDYN)
CIK:        0001826681
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0000950170-22-023251
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sarcos Q3 revenue $4.7M, net loss narrows to $22.5M; cash burn ~$7.5M/month in Q4
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- Q3 2022 revenue $4.7M (up from $1.1M YoY); net loss $22.5M vs $37.0M YoY.
- Non-GAAP net loss per share $0.12 vs $0.08 YoY; unrestricted cash $135.4M.
- Began commercial production of Sapien 6M ahead of schedule; Guardian XT expected by end of 2022.
- FY2022 revenue guidance revised to $13M-$15M (slightly lower); monthly cash burn ~$7.5M in Q4.
- Successful field demos for U.S. Navy and airport logistics; Guardian XO targeting H2 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826681/000095017022023251/0000950170-22-023251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826681/000095017022023251/strc-20221107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-023251

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