Palladyne AI reports $62.7M cash, $2M/month burn; delays revenue to H2 2025

Palladyne AI Corp.

Cash and equivalents $62.7M as of June 30, 2025; no debt, working capital $62.0M.
H1 2025 cash burn $2.0M/month (adjusted); expects similar rate in H2 2025.
Near-term sales momentum slowed; sales cycle now expected 12-18 months due to tariff/policy uncertainty.
Version 2 of Palladyne IQ scheduled for H2 2025; first revenues expected in H2 2025, modest growth through 2026.
Filed new $50M ATM equity shelf to potentially fund M&A or strategic opportunities.

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