Every 8-K that Palladyne AI Corp Warrants (PDYNW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly 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. reported second quarter 2026 revenue of $5.8 million, an increase of 470% year-over-year and 63% sequentially, driven by both acquisitions and organic growth. Backlog rose 43% during the quarter to $24.6 million, including approximately $13.0 million of new contract awards, and management reiterated full-year 2026 revenue guidance of $24.0–$27.0 million, implying 357%–415% growth over 2025.
Despite record revenue, profitability remained negative. The quarter showed an operating loss of ($13.4) million and GAAP net loss of ($12.3) million, or ($0.27) per share, while non-GAAP net loss was ($10.8) million, or ($0.23) per share. Cash, cash equivalents and marketable securities totaled $43.7 million as of June 30, 2026, roughly flat versus March 31, 2026, and the company reiterated expected 2026 operating cash burn of ($32.0)–($36.0) million.
Operationally, Palladyne AI highlighted an exclusive U.S. partnership with Israel Aerospace Industries for HARPY, HAROP and Mini HARPY loitering munitions with up to ten years of exclusivity and no upfront payment, new and expanded U.S. Army and Air Force contracts validating its SwarmOS, Gremlin-X and Palladyne IQ platforms, and participation in multiple Department of War exercises that it views as supporting future opportunities.
Palladyne AI Corp. reported preliminary second-quarter 2026 revenue of approximately $5.8M, reflecting around 480% growth from $1.0M a year earlier and about 66% sequential growth from $3.5M in first-quarter 2026.
Backlog reached roughly $24.0M as of June 30, 2026, up from $17.3M at the end of the prior quarter, driven by about $12.5M in new customer programs and contract awards. Management expects most of this backlog to convert to revenue over the next 12–18 months.
Cash, cash equivalents and marketable securities were about $44.0M as of June 30, 2026, described as roughly flat versus March 31, 2026. All figures are unaudited, based on initial analysis, and remain subject to normal closing procedures and potential adjustments.
Palladyne AI Corp. has entered into a strategic memorandum of understanding with Israel Aerospace Industries (IAI), giving Palladyne AI exclusive rights to manufacture and market certain IAI loitering munition systems to the U.S. government. Initial systems include the HAROP, HARPY and Mini-HARPY, which are designed for suppression and destruction of enemy air defenses and long-range strike missions. Palladyne AI must establish and operate a U.S. assembly line at its own cost and will pay IAI a market‑rate royalty on system sales, with no upfront royalties. The cooperation can run for up to ten years if milestones are met, with options to extend, shift to non‑exclusive terms, or end the collaboration. IAI will provide a technology license and may supply key subsystems, while Palladyne AI adapts the systems to U.S. requirements and integrates them with its autonomy and manufacturing platform.
Palladyne AI reported strong top-line growth in its first quarter as a vertically integrated defense and industrial AI company. Revenue rose 107% year-over-year to $3.5 million, driven by activity across defense programs, commercial deployment and intellectual property development.
Backlog reached about $17 million as of March 31, 2026, including roughly $7 million in new contract awards. The company posted a GAAP net loss of $12.6 million (loss of $0.28 per share) and a non-GAAP net loss of $10.2 million, reflecting higher operating expenses after recent acquisitions and continued investment.
Management reiterated full-year 2026 revenue guidance of $24–$27 million, implying approximately 357%–415% growth over 2025, and expects revenue to be back-end weighted with sequential quarterly increases. Cash, cash equivalents and marketable securities totaled $43.7 million as of March 31, 2026, while first-quarter operating cash usage was about $10.2 million.
Palladyne AI Corp. reported mixed 2025 results alongside very aggressive 2026 growth targets. Full-year 2025 revenue fell 33% to $5.2 million, though fourth-quarter revenue more than doubled to $1.7 million, up 118% from the prior-year quarter.
The company posted 2025 GAAP net income of $10.0 million, driven largely by a $37.7 million gain on warrant liabilities, while non-GAAP net loss widened to $25.2 million. Year-end cash, cash equivalents and marketable securities totaled $47.0 million, with backlog at $13.5 million.
Management reiterated 2026 revenue guidance of $24–$27 million, implying about 357%–415% growth from 2025, supported by a contracted 12–18 month backlog of nearly $18.0 million as of mid-February 2026 and contributions from recent acquisitions and new defense and space programs.
Palladyne AI Corp. is reshaping its leadership by appointing long-time board member Matt Muta as President, Commercial and Industrial, effective March 2, 2026. He will lead commercial operations, including sales, partnerships, go-to-market strategy, and revenue initiatives focused on the Palladyne IQ embodied AI platform.
Muta will resign from the board of directors when his executive role begins, and his resignation is stated not to stem from any disagreement over operations, policies, or practices. The company describes this move as a shift toward stronger commercial execution and enterprise adoption of its poly-functional robotics and autonomy solutions.
Palladyne AI Corp. reported that its board of directors appointed Stephen M. Twitty as a Class I director, effective September 22, 2025, with a term running until the company’s 2028 annual meeting. Twitty is President of Twitty and Associates LLC and has extensive leadership experience from senior roles in defense, technology, and strategic consulting, including service as a Lieutenant General in the U.S. Army and Deputy Commander of United States European Command.
He has served on multiple corporate boards and advisory roles and previously advised Palladyne AI from 2022 until his appointment as a director. The company states there are no special arrangements or related party transactions connected to his selection. Twitty will be compensated under Palladyne AI’s existing outside director compensation policy and will enter into the company’s standard indemnification agreement for directors.