secwatch.observer — SEC 8-K summary
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Issuer:     Palladyne AI Corp. (PDYN)
CIK:        0001826681
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0000950170-23-008467
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826681/000095017023008467/0000950170-23-008467-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826681/000095017023008467/strc-20230316.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-008467

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer