---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-004162"
form_type: "8-K"
ticker: "PDYN"
cik: "0001826681"
company_name: "Palladyne AI Corp."
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T03:18:10.199945+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sarcos reports preliminary Q4 rev $6.1M, FY rev $14.6M; shifts to direct sales model

## Summary
- Preliminary Q4 2022 revenue $6.1M, full year $14.6M, both at high end of guidance.
- Cash and cash equivalents $114.5M as of Dec 31, 2022.
- Shift from RaaS to direct sales model; expects additional capital needs <$50M to break-even.
- Commercializing Guardian XT, XM, Sea Class systems; initial deliveries expected H1 2023.
- Production capacity 300-500 robots; plans to partner with contract manufacturer.

## SEC filing metadata
- accession: 0000950170-23-004162
- form_type: 8-K
- ticker: PDYN
- cik: 0001826681
- company_name: Palladyne AI Corp.
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826681/000095017023004162/0000950170-23-004162-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826681/000095017023004162/strc-20230223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-004162
- JSON: https://secwatch.observer/filing/0000950170-23-004162.json
- Plain text: https://secwatch.observer/filing/0000950170-23-004162.txt

## Key facts
- Earnings Releases
  Palladyne AI Corp. reported fourth quarter 2022 results: revenue $6.1 million.
  - Period: fourth quarter 2022
  - Revenue: $6.1 million
  - Result: preliminary results
  source text: announced preliminary fourth quarter 2022 revenue of $6.1 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826681/000095017023004162/0000950170-23-004162-index.htm
- Earnings Releases
  Palladyne AI Corp. reported full year 2022 results: revenue $14.6 million.
  - Period: full year 2022
  - Revenue: $14.6 million
  - Result: preliminary results
  source text: X-99 Exhibit 99.1 Sarcos Commercializing and Expanding its Line of Teleoperated Robotics and Software Solutions Expects Revenue of $6.1 Million for Q4 and $14.6 Million for the Full Year 2022 SALT LAKE CITY— February 23, 2023— Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems and solutions that redefine human possibilities, today announced preliminary fourth quarter 2022 revenue of $6.1 million and full year 2022 revenue of $14.6 million, each at the high end of its guidance range, and provided an update on its product commercialization efforts.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826681/000095017023004162/0000950170-23-004162-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.