Sarcos Q4 revenue $6.1M but net loss surges to $92.3M on $70.2M goodwill impairment

Palladyne AI Corp.

Q4 revenue $6.1M (up from $1.0M YoY); full-year revenue $14.6M (up from $5.1M).
Q4 GAAP net loss $92.3M ($0.61/sh); non-GAAP net loss $18.0M ($0.12/sh).
Full-year 2022 net loss $157.1M ($1.07/sh) vs $81.5M ($0.72/sh) in 2021.
Cash $114.5M; FY2023 revenue guidance $23-25M; Q1 2023 rev ~$2.3M.
Produced 10 Guardian XM units; commercial deliveries expected H1 2023.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Palladyne AI Corp. updated its the year and quarter ended December 31, 2022 guidance (reaffirmed).

Period: the year and quarter ended December 31, 2022
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On March 16, 2023, Sarcos Technology and Robotics Corporation (the “Company”) issued a press release reporting its financial results for the year and quarter ended December 31, 2022.

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Palladyne AI Corp. filing history →

Source: SEC EDGAR

accession 0000950170-23-008467

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