Source-grounded facts extracted from Palladyne AI Corp.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Palladyne AI Corp. shareholders approved Approval of Restricted Stock Unit Awards to our Senior Executives.
“The restricted stock unit awards to our senior executives were approved. For Against Abstain Broker Non-Votes 19,630,273 3,440,470 169,787 9,575,723”
Palladyne AI Corp. shareholders approved Approval of the Company's 2021 Equity Incentive Plan, as amended and restated, to increase the number of shares authorized for issuance thereunder.
“The Company's 2021 Equity Incentive Plan, as amended and restated was approved. For Against Abstain Broker Non-Votes 16,236,339 6,865,822 138,369 9,575,723”
Palladyne AI Corp. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2026-12-31 meeting.
“The appointment of KPMG LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2026 was ratified. For Against Abstain Broker Non-Votes 29,069,119 3,677,340 69,794 —”
Palladyne AI Corp. shareholders approved Election of Class II Director.
“The following nominee was elected as a Class II director to hold office until our 2029 annual meeting of stockholders and until his successor is elected and qualified or until his earlier death, resignation or removal. Nominee For Withhold Broker Non-Votes Dennis Weibling 19,383,890 3,856,640 9,575,723”
Palladyne AI Corp. reported the first quarter ended March 31, 2026 results: revenue $3.5 million, net income ($12.6) million, EPS ($0.28). Guidance reaffirmed.
“99.1 Palladyne AI Reports First Quarter 2026 Results First full quarter as a vertically integrated defense and industrial AI company; revenue increased 107% year-over-year to $3.5 million Backlog of approximately $17 million as of March 31, 2026, net of revenue recognized, reflects approximately $7 million in new contract awards during the quarter Reiterates”
Palladyne AI Corp. reported full year 2026 results: revenue $24 million to $27 million. Guidance reaffirmed.
“The Company reiterates its previously announced full year 2026 revenue guidance of $24 million to $27 million, representing expected year-over-year growth of approximately 357% to 415% compared to 2025 revenue of $5.2 million.”
Palladyne AI Corp. reported the fiscal year ended December 31, 2025 results: revenue $5.2 million, net income $10.0 million, EPS $0.24.
“Full Year 2025 Financial Highlights (vs. full year 2024) • Revenue decreased 33% to $5.2 million compared to $7.8 million; • Operating loss of ($32.4) million compared to ($26.9) million; • GAAP net income and diluted EPS of $10.0 million, and $0.24, compared to a net loss of ($72.6) million, and ($2.71);”
Palladyne AI Corp. reported the fourth quarter ended December 31, 2025 results: revenue $1.7 million, net income ($1.5) million, EPS ($0.04).
“Fourth Quarter 2025 Financial Highlights (vs. fourth quarter 2024) • Revenue increased 118% to $1.7 million compared to $0.8 million; • Operating loss of ($9.3) million compared to ($6.5) million; • GAAP net loss and basic and diluted loss per share (EPS) of ($1.5) million, and ($0.04), compared to ($53.0) million, and ($1.75);”
Laura J. Peterson retired as Executive Vice Chair and a member of the Board at Palladyne AI Corp..
“Laura J. Peterson, Executive Vice Chair and a member of the Board, notified the Company of her retirement from the Board and all positions with the Company, effective February 23, 2025.”
Michael T. Young was appointed as Class III Director at Palladyne AI Corp..
“appointed Michael T. Young to serve as a Class III director of the Company, effective as of February 24, 2025”
Palladyne AI Corp. engaged KPMG LLP as its auditor.
“On April 3, 2024, the Audit Committee approved the engagement of KPMG LLP as the Company’s new independent registered public accounting firm for the year ending December 31, 2024.”
Palladyne AI Corp. dismissed Ernst & Young LLP as its auditor.
“On April 3, 2024, the Audit Committee (the “Audit Committee”) of the Board of Directors of Palladyne AI Corp. (the “Company”) dismissed Ernst & Young LLP (“EY”) as the Company’s independent registered public accounting firm, effective immediately.”
Andrew Hamer departed as Chief Financial Officer at Palladyne AI Corp..
“Andrew Hamer ceased to be Chief Financial Officer of the Company and its subsidiaries (the “Company Group”) on March 5, 2024 and ceased being an employee on March 8, 2024”
Palladyne AI Corp.: Board approved an amendment and restatement of the Company’s bylaws to reflect name change and remove expired lock-up provisions (effective 2024-03-18).
“Additionally, effective March 18, 2024, the Board approved an amendment and restatement of the Company’s bylaws (the “Amended and Restated Bylaws”) to reflect the Name Change and to remove expired lock-up provisions.”
Palladyne AI Corp.: Company changed name to Palladyne AI Corp. via a Certificate of Amendment to the Amended and Restated Certificate of Incorporation (effective 2024-03-18).
“Effective March 18, 2024, Sarcos Technology and Robotics Corporation (the “Company”) changed its name to Palladyne AI Corp. (the “Name Change”).”
Andrew Hamer departed as Chief Financial Officer at Palladyne AI Corp..
“Mr. Hamer ceased serving as the Company’s Chief Financial Officer on March 5, 2024 upon the appointment of Mr. Thatcher to that position.”
Trevor Thatcher was appointed as Chief Financial Officer at Palladyne AI Corp..
“On March 5, 2024, the Board of Directors (the “Board”) of Sarcos Technology and Robotics Corporation (the “Company”) appointed Trevor Thatcher as Chief Financial Officer of the Company.”
Benjamin G. Wolff was appointed as President and Chief Executive Officer at Palladyne AI Corp..
“appointed Benjamin G. Wolff as President and Chief Executive Officer of the Company, effective February 23, 2024”
Palladyne AI Corp. reported the quarter ended September 30, 2023 results: revenue $1.8 million, net income $29.0 million or $1.13 per share, EPS $1.13 per share.
“Third quarter 2023 total revenue was $1.8 million, compared to $4.7 million during the third quarter of 2022.”
Palladyne AI Corp. announced a impairment with charges of $5.7 million affecting inventory and other current assets.
“The Company has incurred impairment charges of $5.7 million during the three months ended September 30, 2023 in connection with the streamlining of the organization and business, including $5.2 million due to the write-down of inventory and $0.5 million related to the impairment of other current assets.”
Palladyne AI Corp. announced a restructuring with charges of $22 million to $24 million affecting restructuring including accelerated amortization of intangible and other assets.
“The Company anticipates incurring additional charges related to the restructuring in the range of approximately $22 million to $24 million during the fourth quarter of 2023 and the first quarter of 2024, which includes the $4 million in salaries, wages, severance and benefit payments noted above. The remainder will be non-cash expenses related to expected accelerated amortization of intangible and other assets due to the strategic shift initiated during the fourth quarter.”
Palladyne AI Corp. announced a restructuring with charges of up to approximately $4 million affecting workforce reduction (approximately 150 employees, representing approximately 70% of the Company’s workforce).
“On November 10, 2023, the Company’s board of directors (the “Board”) determined to pivot the Company’s business to focus on its artificial intelligence/machine learning software platform. In connection with this change in business strategy, the Company will carry out a reduction in force affecting approximately 150 employees, representing approximately 70% of the Company’s workforce. In connection with the reduction in force, the Company currently estimates it will incur up to approximately $4 million of costs”
Palladyne AI Corp. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).
“October 24, 2023, Sarcos Technology and Robotics Corporation (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market, LLC (“Nasdaq”) notifying the Company that, based on the closing bid price of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), for the last 30 consecutive business days, the Company no longer complies with the minimum bid price requirement for continued listing on The Nasdaq Global Market. Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of $”
Laura J. Peterson was appointed as President and Chief Executive Officer at Palladyne AI Corp..
“On October 19, 2023, the Board of Directors (the "Board") of Sarcos Technology and Robotics Corporation (the “Company”), appointed Laura J. Peterson, who had been serving as the Company's Interim President and Chief Executive Officer, as permanent President and Chief Executive Officer.”
Kristi Martindale departed as Chief Marketing Officer at Palladyne AI Corp..
“Kristi Martindale ceased to be Chief Marketing Officer of the Company and its subsidiaries (the “Company Group”) on July 12, 2023.”
Jorgen Pedersen departed as Chief Operating Officer at Palladyne AI Corp..
“Jorgen Pedersen ceased to be Chief Operating Officer of the Company and its subsidiaries (the “Company Group”) on July 12, 2023 (the “Separation Date”).”
Palladyne AI Corp. announced a restructuring with charges of Approximately $1.5 million of costs (approximately 71 employees, representing approximately 24% of the Company’s workforce).
“on July 10, 2023 the board of directors of the Company approved a reduction in force affecting approximately 71 employees, representing approximately 24% of the Company’s workforce. As disclosed in the Original Report, the Company expected to incur approximately $1.5 million of costs, consisting primarily of personnel expenses such as salaries and wages, one-time severance payments, and other benefits.”
Palladyne AI Corp. announced a restructuring with charges of approximately $1.5 million (approximately 71 employees, representing approximately 24% of the Company’s workforce).
“On July 10, 2023, the board of directors of Sarcos Technology and Robotics Corporation (the “Company”) approved a reduction in force affecting approximately 71 employees, representing approximately 24% of the Company’s workforce. The Company took this step to decrease its costs and create a more streamlined organization to support its business. In connection with the reduction in force, the Company currently estimates it will incur approximately $1.5 million of costs, consisting primarily of personnel expenses such as salaries and wages, one-time severance payments, and other benefits.”
Kristi Martindale departed as Chief Marketing Officer at Palladyne AI Corp..
“Kristi Martindale, ceased to be the Chief Marketing Officer of the Company Group on July 12, 2023.”
Jorgen Pedersen departed as Chief Operating Officer at Palladyne AI Corp..
“Jorgen Pedersen ceased to be Chief Operating Officer of the Company and its subsidiaries (the “Company Group”) on July 12, 2023.”
Palladyne AI Corp.: Certificate of Amendment to effect 1-for-6 reverse stock split and reduce authorized common shares from 990,000,000 to 165,000,000 (effective 2023-06-20).
“On June 20, 2023, Sarcos Technology and Robotics Corporation (the “Company”) filed a certificate of amendment to the Company’s Amended and Restated Certificate of Incorporation (the “Certificate of Amendment”), with the Secretary of State of the State of Delaware to effect a 1-for-6 reverse stock split of the shares of the Company’s common stock, par value $0.0001 per share, effective as of 4:01 p.m., Eastern Time, on July 5, 2023”
Palladyne AI Corp. shareholders approved Approval of the Reverse Stock Split Proposal at the 2023-06-14 meeting.
“Proposal Three – Approval of the Reverse Stock Split Proposal. The authorization and approval of the proposed amendments to the Company’s Amended and Restated Certificate of Incorporation to effect a reverse stock split and reduce the total number of authorized shares of common stock. For Against Withhold Broker Non-Votes 105,861,969 466,256 6,499 —”
Palladyne AI Corp. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-06-14 meeting.
“Proposal Two - Ratification of Appointment of Independent Registered Public Accounting Firm . The appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2023 was ratified. For Against Withhold Broker Non-Votes 106,289,066 21,915 23,743 —”
Palladyne AI Corp. shareholders approved Election of Class II Directors at the 2023-06-14 meeting.
“Proposal One - Election of Class II Directors . The following nominees were elected as Class II directors to hold office until our 2026 annual meeting of stockholders and until their respective successors are elected and qualified. Nominee For Withhold Broker Non-Votes Matthew Shigenobu Muta 83,885,787 3,318,606 19,130,331 Laura J. Peterson 84,500,422 2,703,971 19,130,331 Dennis Weibling 82,861,669 4,342,724 19,130,331”
Kiva Allgood departed as Chief Executive Officer at Palladyne AI Corp..
“Kiva Allgood ceased to be Chief Executive Officer of the Company and its subsidiaries (together, the “Company Group”) on May 11, 2023”
Laura J. Peterson was appointed as Interim President and Chief Executive Officer at Palladyne AI Corp..
“Effective May 11, 2023, Laura J. Peterson, a member of the Company Group’s board of directors (the “Board”), was appointed as the Company’s Interim President and Chief Executive Officer.”
Kiva Allgood resigned as member of the Board of Directors at Palladyne AI Corp..
“Effective May 15, 2023, Ms. Allgood resigned from her position as a member of the Board.”
Kiva Allgood resigned as President and Chief Executive Officer at Palladyne AI Corp..
“Effective May 11, 2023, Kiva Allgood ceased to be President and Chief Executive Officer of Sarcos Technology and Robotics Corporation (the “Company”) and its subsidiaries (together, the “Company Group”) and ceased to be employed by the Company Group on May 12, 2023.”
Palladyne AI Corp. reported the quarter ended March 31, 2023 results: revenue $2.3 million, net income $21.5 million or $0.14 per share, EPS $0.14 per share. Guidance reaffirmed.
“to optimize operating expenses, all leading to our goal of exiting 2024 on pace to be cash flow positive in 2025.” Financial results First quarter 2023 total revenue was $2.3 million, compared to $0.7 million during the first quarter of 2022. The increase was due to Product Development Contract revenue increases. Total operating expenses for the first quarter”
Palladyne AI Corp. updated its the year and quarter ended December 31, 2022 guidance (reaffirmed).
“On March 16, 2023, Sarcos Technology and Robotics Corporation (the “Company”) issued a press release reporting its financial results for the year and quarter ended December 31, 2022.”
Palladyne AI Corp. reported full year 2022 results: revenue $14.6 million.
“X-99 Exhibit 99.1 Sarcos Commercializing and Expanding its Line of Teleoperated Robotics and Software Solutions Expects Revenue of $6.1 Million for Q4 and $14.6 Million for the Full Year 2022 SALT LAKE CITY— February 23, 2023— Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems and solutions that redefine human possibilities, today announced preliminary fourth quarter 2022 revenue of $6.1 million and full year 2022 revenue of $14.6 million, each at the high end of its guidance range, and provided an update on its product commercialization efforts.”
Palladyne AI Corp. reported fourth quarter 2022 results: revenue $6.1 million.
“announced preliminary fourth quarter 2022 revenue of $6.1 million”
Palladyne AI Corp. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).
“January 23, 2023, Sarcos Technology and Robotics Corporation (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market, LLC (“Nasdaq”) notifying the Company that, based on the closing bid price of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), for the last 30 consecutive business days, the Company no longer complies with the minimum bid price requirement for continued listing on The Nasdaq Global Market. Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of $”
Dennis Weibling was appointed as Chairman of the Board at Palladyne AI Corp..
“On January 12, 2023, the Board appointed Dennis Weibling to serve as Chairman of the Board, effective upon the Effective Date.”
Benjamin G. Wolff resigned as Executive Chairman at Palladyne AI Corp..
“On January 11, 2023, Benjamin G. Wolff resigned from his employment as Executive Chairman of the Board of Directors (the "Board") of Sarcos Technology and Robotics Corporation (the "Company"), effective February 1, 2023 (the "Effective Date").”
Palladyne AI Corp. reported quarter ended September 30, 2022 results: revenue $4.7 million, net income $22.5 million. Guidance lowered.
“Third quarter total revenue was $4.7 million, up from $1.1 million in the equivalent period of 2021.”
Palladyne AI Corp.: Amended and restated bylaws effective immediately on November 7, 2022, revising advance notice procedures for stockholder nominations and proposals, updating DGCL-related provisions, and making ministerial changes (effective 2022-11-07).
“On November 7, 2022, in connection with the effectiveness of new Securities and Exchange Commission rules regarding universal proxy cards, certain recent changes to the Delaware General Corporation Law (the “DGCL”), and a periodic review of the bylaws of Sarcos Technology and Robotics Corporation (the “Company”), the Company’s board of directors (the “Board”) adopted amended and restated bylaws (the “Amended and Restated Bylaws”), effective immediately.”
Steven Hansen departed as Chief Financial Officer at Palladyne AI Corp..
“Effective October 10, 2022, Steven Hansen ceased to be Chief Financial Officer of Sarcos Technology and Robotics Corporation (the “Company”).”
Steven Hansen resigned as Chief Financial Officer at Palladyne AI Corp..
“Resignation of Steven Hansen as Chief Financial Officer Effective October 10, 2022”
Andrew Hamer was appointed as Chief Financial Officer at Palladyne AI Corp..
“Effective October 10, 2022, Andrew Hamer was appointed as Sarcos Technology and Robotics Corporation’s (the “Company”) Chief Financial Officer.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.