Palladyne AI reports 27% revenue growth, $40.1M cash; IQ and Pilot product milestones met

Palladyne AI Corp.

2024-FY EPS reported -$2.71 revenue$7,786,000

Cash and equivalents $40.1M at Dec 31, 2024; additional $14.4M raised Jan-Feb 2025; no debt.
Revenue up 27% YoY, operating expenses down 73% YoY; monthly net cash burn $1.6-2.0M achieved and expected to continue.
Commercial Palladyne IQ launched for industrial robots; customer trials expected in H1 2025.
Palladyne Pilot drone software on track for commercial release by end of Q1 2025; integration with Red Cat drones planned.
CEO Ben Wolff new 3-year contract: $1 net salary first year plus long-term stock-based incentive.

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