secwatch.observer — SEC 8-K summary
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Issuer:     Palladyne AI Corp. (PDYN)
CIK:        0001826681
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0000950170-23-020509
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sarcos Q1 revenue $2.3M, net loss $0.14/share; guides FY23 rev $23-25M
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- Q1 revenue $2.3M vs $0.7M YoY; net loss $21.5M ($0.14 per share), non-GAAP loss $0.13.
- Cash, equivalents, marketable securities $94.7M; monthly cash burn ~$5M in Q2 2023.
- Full-year 2023 revenue guidance reaffirmed at $23-25M, product sales to ramp in H2.
- Signed manufacturing agreement with Jabil for production capacity; partnered with VideoRay for underwater systems.
- No equity financing planned in 2023; sufficient capital for at least 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826681/000095017023020509/0000950170-23-020509-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826681/000095017023020509/strc-20230510.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-020509

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