Here are the 10-Q quarterly reports from Palladyne AI Corp Warrants (PDYNW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PDYNW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PDYNW filings page.
Palladyne AI Corp., a U.S. developer of embodied AI software, UAVs and precision aerospace components, reported strong top-line growth but continued losses for the quarter ended June 30, 2026. Revenue was $5,783 thousand, compared with $1,015 thousand a year earlier, and six‑month revenue reached $9,321 thousand versus $2,725 thousand.
Operating expenses rose to $19,196 thousand in the quarter, producing a loss from operations of $13,413 thousand and a six‑month net loss of $24,934 thousand. Cash, cash equivalents and marketable securities totaled $43.7 million with working capital of $43.8 million, and management states these resources are sufficient for at least 12 months. The company reports backlog of $24.6 million, expected to be recognized largely over the next 12–18 months, and continues integrating its 2025 acquisitions to expand avionics, engineering and manufacturing capabilities.
Palladyne AI Corp. reported sharply higher revenue but a swing back to loss for the quarter ended March 31, 2026. Revenue reached $3.5 million, up from $1.7 million a year earlier, driven by new product and engineering services revenue, including precision machining from its 2025 acquisitions.
The company posted a net loss of $12.6 million versus net income of $22.8 million in the prior-year period, when results benefited from a large non‑cash gain on warrant liabilities. Operating expenses more than doubled to $15.5 million as Palladyne invested in research and development, sales, and integration of acquired businesses.
Cash, cash equivalents and marketable securities totaled $43.7 million, with operating cash outflow of $10.2 million for the quarter. Management notes an accumulated deficit of about $493.4 million but believes existing resources are sufficient for at least the next 12 months while it pursues commercialization of its embodied AI, avionics and UAV offerings.