secwatch.observer — SEC 8-K summary
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Issuer:     Palladyne AI Corp. (PDYN)
CIK:        0001826681
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001193125-26-205033
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Palladyne AI Q1 rev up 107% to $3.5M; net loss $12.6M; reaffirms FY rev guidance $24-27M
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- Revenue $3.5M (+107% YoY); GAAP net loss $12.6M ($0.28 loss per share) vs prior year net income $22.8M.
- Non-GAAP net loss $10.2M ($0.23 EPS) vs $5.3M loss in prior year; operating loss $11.9M.
- Backlog $17M at March 31, with $7M in new awards in Q1; cash & equivalents $43.7M.
- FY 2026 revenue guidance reiterated $24-27M (357-415% growth); expects sequential growth each quarter.
- Operating cash usage guided at $8-9M/quarter; Q1 slightly above due to shutdown and working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826681/000119312526205033/0001193125-26-205033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826681/000119312526205033/pdyn-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-205033

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