secwatch.observer — SEC 8-K summary
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Issuer:     Palladyne AI Corp. (PDYN)
CIK:        0001826681
Form:       8-K
Filed at:   2026-08-06T10:47:17+00:00
Accession:  0001193125-26-336621
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Palladyne AI Q2 revenue $5.8M (+470% YoY); reiterates FY2026 guidance $24M-$27M
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- Revenue $5.8M (+470% YoY, +63% QoQ); GAAP net loss ($12.3M) vs ($7.5M) prior year.
- Backlog $24.6M (+43% QoQ) with $13M in new contract awards during Q2.
- Reiterated FY2026 revenue guidance $24M-$27M (357%-415% growth) and cash burn ($32M)-($36M).
- Cash & equivalents $43.7M, roughly flat to Q1; operating cash burn increased due to strategic hiring and capex.
- Signed exclusive U.S. rights partnership with IAI for HARPY/HAROP loitering munitions; selected for multiple DoD contracts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826681/000119312526336621/0001193125-26-336621-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826681/000119312526336621/pdyn-20260806.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-336621

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer