PALLADYNE AI CORP Stock Price, News & Analysis

Palladyne AI Corp (NASDAQ: PDYN) has released its 2025 mid-year business update, highlighting strong financial position with $62.7 million in cash and no debt. The company raised $34.8 million in H1 2025 through ATM offerings and warrant exercises, maintaining a monthly cash burn of $2.0 million.

The company has launched initial commercial versions of Palladyne™ IQ and Palladyne™ Pilot products, with Version 2 of Palladyne IQ scheduled for H2 2025. While U.S.-China tensions and manufacturing reshoring create larger market opportunities, near-term sales have slowed as customers reassess automation priorities, with sales cycles extending to 12-18 months.

To support potential strategic opportunities, Palladyne is filing a new ATM offering for up to $50 million. The company expects to begin generating revenues in H2 2025, with modest growth throughout 2026, and has sufficient funds for 2.5 years of operations.

Palladyne AI (NASDAQ: PDYN) showcased its Palladyne™ IQ software platform at KUKA Robotics' North American System Partners conference, KUKA Connexions, from July 21-23, 2025, in Palm Beach, Florida.

The company demonstrated how its embodied artificial intelligence software enables KUKA robots to perform autonomous machine tending operations with human-like reasoning capabilities. Key features of Palladyne IQ include low-/no-code training, edge computing for autonomous decision-making, and platform-agnostic compatibility.

Palladyne AI Corp (NASDAQ: PDYN) has secured additional funding from the U.S. Air Force under its contract with the Air Logistics Complex at Warner Robins Air Force Base. The company successfully completed Military Utility Assessment milestones, demonstrating autonomous engineered media blasting and automated sanding capabilities on aircraft components. This advancement is part of a multi-million-dollar Phase II contract, representing the second year of a potential four-year effort through the AFWERX AFVentures STRATFI program. Key achievements include implementing Palladyne IQ software on a Fanuc M710 robot for autonomous media blasting with seven degrees of freedom, and utilizing a Universal Robots UR10e robot for teleoperated and autonomous sanding operations. The technology demonstrates enhanced dexterity and operator control for complex surface finishing tasks.

Palladyne AI Corp (NASDAQ: PDYN) announced that its Palladyne IQ AI software platform has been selected as the sole finalist in the robotics and automation category for the National Center for Manufacturing Sciences' 2025 CTMA Technology Competition. The platform uses AI and ML to provide human-like reasoning for industrial robots and cobots, featuring low-code training capabilities and edge computing for autonomous decision-making without cloud connectivity. The competition, aligned with the National Defense Strategy, focuses on transformative maintenance and sustainment capabilities. Palladyne AI has an existing multi-year contract with Warner Robins Air Logistics Complex, where IQ is being integrated into aircraft sustainment activities including robotic media blasting and sanding.

Palladyne AI Corp. (NASDAQ: PDYN), a developer of AI software for robotic platforms in defense and commercial sectors, has been selected to join the Russell 3000® and Russell 2000® Indexes effective June 30, 2025. This inclusion comes as part of the 2025 Russell indexes annual reconstitution, which ranks the 4,000 largest US stocks by market capitalization as of April 30, 2025. The company's membership in the Russell 3000 Index, valid for one year, automatically includes it in the Russell 2000® Index and corresponding growth and value style indexes. CEO Ben Wolff highlighted this as a significant milestone for expanding their investor base, particularly among institutional investors.

Palladyne AI (NASDAQ: PDYN), a developer of artificial intelligence software for robotic platforms in defense and commercial sectors, has announced its participation in the upcoming Ladenburg Thalmann Technology Innovation EXPO25 in New York. The company's President and CEO, Ben Wolff, will participate in a fireside chat and one-on-one meetings on Wednesday, May 21, 2025, from 2:30 to 2:55 p.m. ET. The presentation will be available via webcast through the conference's livestream platform.

Palladyne AI (NASDAQ: PDYN) and Red Cat (NASDAQ: RCAT) have successfully completed a groundbreaking test involving autonomous collaborative flight of three heterogeneous drones. The test utilized Red Cat's Teal 2 and Black Widow drones equipped with Palladyne™ Pilot AI software, demonstrating advanced capabilities in onboard edge computing and distributed detection without relying on centralized infrastructure. The system successfully tracked multiple dynamic and static ground objects, including humans and vehicles, while requiring only a single operator.

This achievement follows previous successful tests of two-drone operations in January 2025 and single-drone testing in December 2024. The Palladyne Pilot software, which is now commercially available, represents a significant advancement in multi-drone interoperability and autonomous collaboration for defense applications.

Palladyne AI (NASDAQ: PDYN) has announced new employee equity awards approved by its Compensation Committee. The company issued a total of 601,587 shares under its 2021 Equity Incentive Plan and 2024 Inducement Equity Incentive Plan.

The grants, dated March 10, 2025, include special inducement awards to two recent hires: one receiving options to purchase 25,000 shares and another receiving restricted stock units (RSUs) covering 14,087 shares. These inducement awards were granted under Nasdaq Listing Rule 5635(c)(4).

The vesting schedule for inducement awards includes 25% vesting after one year, with the remaining shares vesting quarterly over three years. The company implements these equity awards to align employee interests with stockholders, provide retention incentives, and reduce cash compensation expenses.

Palladyne AI (NASDAQ: PDYN) has been selected to participate in the USSOCOM TE25-2: Collaborative Autonomy Integration event from April 14-17, 2025, at Avon Park Air Force Range in Florida. The company will showcase its Palladyne Pilot AI Software Platform for UAVs at the event.

The USSOCOM Technical Experimentation program creates a collaborative environment between Special Operations Forces operators, acquisition managers, and technology developers to evaluate new technologies for SOF applications. The event focuses on technologies that enable autonomous systems to collaborate in real time using AI for tactical tasks.

The Palladyne Pilot software is designed to transform unmanned tactical systems into autonomous force multipliers, featuring capabilities such as persistent target tracking, dynamic collaboration, and enhanced situational awareness. The platform aims to reduce operational burden while improving mission effectiveness for military and defense operations.