Palladyne AI Q4 rev $1.7M (+118% YoY); FY25 GAAP net income $10M vs loss; reiterates FY26 rev guidance $24-27M

Palladyne AI Corp.

Q4 revenue $1.7M, up 118% YoY; Q4 GAAP net loss $1.5M ($0.04 EPS) vs $53M loss ($1.75 EPS).
Full year 2025 revenue $5.2M, down 33% YoY; GAAP net income $10.0M ($0.24 diluted EPS) vs $72.6M loss.
Non-GAAP net loss FY25 $25.2M vs $22.6M; Q4 non-GAAP net loss $6.9M vs $5.2M.
Reiterates FY26 revenue guidance $24M-$27M (~357-415% YoY growth); backlog $18M mid-Feb, +30% since year-end.
Launched Palladyne Defense after November acquisitions; commercially released Palladyne IQ 2.0 with first customer.

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