Highest-materiality recent filing
Palladyne AI shareholders approve 4.5M share increase to equity plan and 5.36M RSUs to executives
Stockholders approved amendment to 2021 Equity Incentive Plan, increasing shares by 4,500,000; total authorized now 9,500,000 plus carryover.
Palladyne AI signs exclusive U.S. MOU with IAI for HAROP, HARPY, Mini-HARPY loitering munitions
Exclusive right to manufacture and market IAI's HAROP, HARPY, and Mini-HARPY systems to the U.S. government.
Palladyne AI Q1 rev up 107% to $3.5M; net loss $12.6M; reaffirms FY rev guidance $24-27M
Revenue $3.5M (+107% YoY); GAAP net loss $12.6M ($0.28 loss per share) vs prior year net income $22.8M.
Q4 revenue $1.7M, up 118% YoY; Q4 GAAP net loss $1.5M ($0.04 EPS) vs $53M loss ($1.75 EPS).
Palladyne AI raises 2026 revenue guidance to $24-27M, expects 336-440% YoY growth
Full-year 2026 revenue expected $24-27M vs. preliminary 2025 revenue of $5-5.5M (mostly legacy).
Palladyne AI Completes GuideTech and Crucis Acquisitions, Forms Palladyne Defense Division
Acquired GuideTech and three Crucis companies for ~$31M total consideration: $20M stock, $5M cash, $6M debt assumed.
Palladyne AI Reports Q3 2025 Results with $57.1M Cash, No Debt, and Patent Milestone
Ended Q3 2025 with $57.1 million in cash, cash equivalents and marketable securities, and no debt.
Palladyne AI reports $62.7M cash, $2M/month burn; delays revenue to H2 2025
Cash and equivalents $62.7M as of June 30, 2025; no debt, working capital $62.0M.
Palladyne AI reports 27% revenue growth, $40.1M cash; IQ and Pilot product milestones met
Cash and equivalents $40.1M at Dec 31, 2024; additional $14.4M raised Jan-Feb 2025; no debt.
Palladyne AI reports ~$40M cash as of Dec 31, files for $30M ATM equity offering
Cash and cash equivalents approximately $40M as of Dec 31, 2024, including $23.3M net proceeds from equity financings.
Palladyne AI Corp. enters amended employment agreement with CEO Benjamin G. Wolff through 2027
CEO Benjamin G. Wolff will receive net base salary of ~$1 per year for 2025, then $250,000 annually for 2026-2027.
Palladyne AI extends CEO Wolff to Nov 2027; adopts inducement plan for 500K shares
CEO Benjamin Wolff's term extended to November 1, 2027; first-year salary net ~$1/year, then $250K base plus 150% bonus target.
Palladyne AI Q2 revenue up 112% YoY, net loss down 81%, cash $25.8M, Palladyne IQ MVP released
Revenue increased 112% in Q2 2024 vs Q2 2023; net loss decreased 81% in Q2 YoY.
Sarcos stops earnings calls, names Benjamin Wolff CEO with 625K share grant
No longer holds quarterly earnings calls or issues earnings press releases until meaningful revenues achieved.
Benjamin G. Wolff appointed President and CEO effective Feb 23, 2024; previously Executive Vice Chairman.
Sarcos pivots to AI software, cuts 70% workforce, Q3 revenue falls 62%
Q3 revenue $1.8M vs $4.7M YoY; net loss $29M ($1.13/share); non-GAAP net loss $17M.
Sarcos receives Nasdaq delisting notice for bid price below $1.00
Received Nasdaq notice on Oct 24, 2023 for failing minimum bid price of $1.00 for 30 consecutive business days.
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.
appointed Michael T. Young to serve as a Class III director of the Company, effective as of February 24, 2025
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
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.
Mr. Hamer ceased serving as the Company’s Chief Financial Officer on March 5, 2024 upon the appointment of Mr. Thatcher to that position.
appointed Benjamin G. Wolff as President and Chief Executive Officer of the Company, effective February 23, 2024
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.
Max materiality 0.90 · Median 0.55 · Most common event other_material