Palladyne AI Corp

Palladyne AI Corp

PDYN · NASDAQ · Technology / Software - Infrastructure

3.09USD-0.15 (-4.63%)

Price History

Full chart

Market Stats

Previous Close3.24
Open3.25
Day Range2.94 – 3.25
52-Week Range4.14 – 10.73
Volume773.89K
Market Cap265.93M
P/E (TTM)0.00
Forward P/E4.61
EPS-0.71
Dividend Yield0.00%
Beta3.66
50-Day Avg5.69
200-Day Avg6.21

About

Palladyne AI Corp., a technology company, develops and offers embodied artificial intelligence software and collaborative autonomy solutions in the United States. Its Artificial Intelligence (AI)/ Machine Learning (ML) Foundational Technology enables robots to observe, learn, reason, and act in unstructured. In addition, the company's technologies enable robotic systems to perceive their environment and quickly adapt to changing circumstances by generalizing from their experience using dynamic real-time operations without extensive programming, training, or the latency associated with processing in the cloud. Further, it offers Palladyne IQ used with industrial robots and cobots, enabling them to learn multiple tasks and handle disruptions or obstacles; and develops Palladyne Pilot for use with unmanned platform, such as UAVs to enable persistent detection, identification, tracking, and classification of objects of interest by sharing situational awareness information across multiple drones that is derived by fusing multi-modal sensor data. It serves industrial manufacturing, defense, infrastructure maintenance, repair and surveillance, energy, and aerospace and aviation industries. The company was formerly known as Sarcos Technology and Robotics Corporation and changed its name to Palladyne AI Corp. in March 2024. Palladyne AI Corp. is headquartered in Salt Lake City, Utah.

Company Details

  • SectorTechnology
  • IndustrySoftware - Infrastructure
  • CEOMr. Benjamin G. Wolff J.D.
  • Employees161
  • Headquarters650 South 500 West, Salt Lake City, UT, United States, 84101, USA
  • Websitehttps://www.palladyneai.com

Leadership

  • Mr. Benjamin G. Wolff J.D.Co-Founder, President, CEO & Director · b. 1969
  • Dr. Denis GaragicCo- Founder & CTO · b. 1970
  • Mr. Steve Sonne J.D.Chief Legal Officer & Secretary · b. 1969
  • Mr. Matthew Shigenobu MutaPresident of Commercial & Industrial · b. 1970
  • Mr. Trevor ThatcherChief Financial Officer · b. 1986
  • Ms. Kristi MartindaleChief Commercial Officer · b. 1967
  • Mr. Doug DynesPresident of Palladyne Aerospace & Defense
  • Mr. Kevan JohnstonPresident of Palladyne Manufacturing
  • Mr. Michael Ross DillChief Operating Officer for Palladyne Aerospace & Defense · b. 1966
  • Mr. James CookPresident of GuideTech

Financials

Income Statement

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue10.15M8.81M5.08M14.57M6.15M7.79M5.25M
Growth (%)--13.17%-42.41%+187.07%-57.81%+26.68%-32.62%
Cost of Revenue5.75M5.60M3.87M11.61M5.04M3.49M2.69M
Gross Profit4.40M3.21M1.21M2.96M1.10M4.30M2.56M
Gross Margin43.39%36.43%23.80%20.28%17.98%55.20%48.72%
Operating Expense22.75M24.21M82.20M179.99M122.06M31.22M34.96M
Operating Income-18.35M-21.00M-80.99M-177.04M-120.96M-26.92M-32.40M
Operating Margin-180.77%-238.27%-1595.88%-1215.17%-1968.04%-345.79%-617.69%
EBITDA-18.05M-20.54M-80.94M-103.21M-78.64M-26.29M8.59M
EBITDA Margin-177.84%-233.08%-1594.92%-708.42%-1279.45%-337.66%163.80%
Net Income-18.04M-20.93M-81.51M-157.13M-115.59M-72.62M10.04M
Net Income Margin-177.73%-237.44%-1606.07%-1078.52%-1880.78%-932.66%191.36%
R&D12.90M14.12M17.52M34.14M39.01M10.44M12.90M
R&D as % of Total Revenue127.13%160.18%345.14%234.36%634.75%134.05%245.88%
Interest Expense074.00K34.00K1.83M---
Interest Expense % of Total Revenue0.00%0.84%0.67%12.57%---

Balance Sheet

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets13.72M38.05M235.82M167.63M60.43M56.25M95.71M
Total Liabilities2.23M5.15M21.86M23.18M19.52M65.79M21.04M
Total Equity11.48M32.91M213.96M144.45M40.91M-9.53M74.67M
Cash9.20M33.66M217.11M35.16M23.14M31.19M18.22M
Total Debt-2.63M7.00K13.27M12.40M11.04M10.78M
Net Debt-9.20M-31.03M-217.11M-21.89M-10.74M-20.15M-7.44M

Cash Flow

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-16.04M-16.88M-42.10M-65.39M-76.62M-22.63M-27.64M
Investing Cash Flow-639.00K-950.00K-4.69M-109.05M64.68M6.88M-24.58M
Financing Cash Flow16.00K42.30M230.24M-7.52M-82.00K23.80M39.25M
Capital Expenditure639.00K950.00K4.69M1.50M782.00K265.00K713.00K
Free Cash Flow-16.68M-17.83M-46.79M-66.89M-77.40M-22.89M-28.35M
Dividends Paid--2.03M7.52M---
FCF to OCF103.98%105.63%111.13%102.29%101.02%101.17%102.58%
Dividend Paid to FCF---4.33%-11.24%---

Earnings

Report DateMar 31, 2021May 24, 2021Aug 16, 2021Nov 9, 2021Mar 29, 2022May 11, 2022Aug 9, 2022Nov 8, 2022Mar 16, 2023May 10, 2023Aug 9, 2023Nov 14, 2023Feb 28, 2024May 8, 2024Aug 7, 2024Nov 13, 2024Feb 26, 2025May 7, 2025Aug 6, 2025Nov 12, 2025Mar 5, 2026May 5, 2026Aug 6, 2026Nov 11, 2026
EPS Estimate0.00---0.36-0.07-0.56-0.48-0.64-0.15-0.76-0.71-0.59-0.44---0.61-0.26-0.21-0.20-0.20-0.18-0.16-0.23-0.21
EPS Actual0.000.26-0.26-0.48-0.25-0.60-0.72-0.72-0.12-0.78-0.86-0.66-1.41-0.28-0.20-0.27-1.960.55-0.20-0.09-0.04-0.23-0.27-
Surprise----33.33%-257.14%-7.14%-50.00%-12.50%20.00%-2.63%-21.13%-11.86%-220.34%--55.74%-652.69%361.90%0.00%55.00%77.78%-43.75%-17.39%-
TimingAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap265.93M
Enterprise Value235.46M
Trailing P/E0.00
Forward P/E4.61
Price / Sales22.46
Price / Book3.79
EPS-0.71
Book Value1.44
Revenue (TTM)11.84M
Gross Profit (TTM)3.40M
EBITDA-40.58M
Profit Margin-254.75%
Operating Margin-231.94%
Return on Equity-48.39%
Return on Assets-30.91%
Shares Outstanding49.34M
Shares Float34.50M
Beta3.66
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 1 analystsTarget 10.75
  • Strong Buy
    1

Ownership Breakdown

Institutions
26.54%
Insiders
34.20%
Retail / Other
39.26%

Top Institutional Holders

  • BlackRock Inc
    2.21M4.48%
  • Vanguard Capital Management, LLC
    1.39M2.82%
  • Geode Capital Management, LLC
    781.90K1.58%
  • State Street Corp
    631.18K1.28%
  • Themes Management Company, LLC
    520.21K1.05%
  • UBS Group AG
    390.69K0.79%
  • Susquehanna International Group, LLP
    352.04K0.71%
  • Millennium Management LLC
    310.88K0.63%
  • Northern Trust Corp
    236.05K0.48%
  • Vanguard Fiduciary Trust Co
    222.00K0.45%
  • Morgan Stanley - Brokerage Accounts
    193.67K0.39%
  • Vanguard Portfolio Management, LLC
    174.53K0.35%
  • The Goldman Sachs Group Inc
    151.01K0.31%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    1.05M2.14%
  • iShares Russell 2000 ETF
    947.93K1.92%
  • Themes Humanoid Robotics ETF
    510.92K1.04%
  • Fidelity Small Cap Index
    395.19K0.80%
  • iShares Russell 2000 Value ETF
    248.76K0.50%
  • Vanguard Russell 2000 ETF
    207.62K0.42%
  • Fidelity Extended Market Index
    170.97K0.35%

Stock Splits

  • Jul 6, 20231:6