---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-024142"
form_type: "8-K"
ticker: "PDYN"
cik: "0001826681"
company_name: "Palladyne AI Corp."
filed_at: "2025-02-20T23:59:59+00:00"
generated_at: "2026-05-26T09:23:58.519529+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-024142
- form_type: 8-K
- ticker: PDYN
- cik: 0001826681
- company_name: Palladyne AI Corp.
- filed_at: 2025-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826681/000095017025024142/0000950170-25-024142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826681/000095017025024142/pdyn-20250220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-024142
- JSON: https://secwatch.observer/filing/0000950170-25-024142.json
- Plain text: https://secwatch.observer/filing/0000950170-25-024142.txt

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