Palladyne Ai Corp. (PDYN)
NASDAQ:PDYN
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Palladyne AI Corp
(NASDAQ:PDYN)
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Rating:47Neutral
Price Target:
$6.50
▲(0.78% Upside)
Action:ReiteratedDate:03/28/26
The score is held down primarily by weak financial performance (very large operating losses and sustained negative free cash flow) and bearish technicals (below key moving averages with negative MACD). Offsetting factors include a reasonable P/E and an earnings-call outlook showing strong expected 2026 revenue growth, rising backlog, and solid liquidity, though continued cash burn and execution/integration risk remain significant.
Positive Factors
Revenue guidance & backlog
Management’s reiterated 2026 revenue target implies a multi‑fold step-up from 2025 and backlog growth (~$18M) provides tangible near‑term revenue visibility. This structural demand pipeline improves predictability for scaling operations and supports multi‑period planning if backlog converts as expected.
Negative Factors
Sizable cash burn
Sustained negative operating and free cash flow indicates the company cannot self‑fund growth today and will likely need external capital if burn continues. Over months, this constrains strategic optionality, risks dilution from financing, and elevates dependency on timely backlog conversion and execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue guidance & backlog
Management’s reiterated 2026 revenue target implies a multi‑fold step-up from 2025 and backlog growth (~$18M) provides tangible near‑term revenue visibility. This structural demand pipeline improves predictability for scaling operations and supports multi‑period planning if backlog converts as expected.
Read all positive factors
Palladyne AI Corp (PDYN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$299.89M
Dividend YieldN/A
Average Volume (3M)3.58M
Price to Earnings (P/E)16.5
Beta (1Y)3.62
Revenue Growth-44.07%
EPS Growth25.75%
CountryUS
Employees71
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.04
Shares Outstanding46,494,865
10 Day Avg. Volume1,187,678
30 Day Avg. Volume3,575,411
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)2.22
Price to Sales (P/S)31.54
P/FCF Ratio-5.84
Enterprise Value/Market Cap0.81
Enterprise Value/Revenue46.36
Enterprise Value/Gross Profit95.15
Enterprise Value/Ebitda-9.01
Forecast
1Y Price Target
$10.67Price Target Upside65.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.49
Revenue Forecast (FY)$25.06M
Palladyne AI Corp Business Overview & Revenue Model
Company Description
Palladyne AI Corp., a software company, focuses on delivering software that enhances the utility and functionality of third-party stationary and mobile robotic systems in the United States. Its Artificial Intelligence (AI)/ Machine Learning (ML) F...
How the Company Makes Money
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Palladyne AI Corp Earnings Call Summary
Earnings Call Date:Mar 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Neutral
The call presented a mix of encouraging commercial and defense progress (reiterated 2026 revenue guidance of $24M–$27M, backlog growth to ~$18M, Q4 revenue +118%, first commercial IQ customer, new contracts/MOUs, patent activity, and $47M cash balance) alongside notable near-term financial and execution challenges (substantial operating losses and cash burn, rising operating expenses from acquisitions, remaining integration and certification work, and long sales cycles for large defense contracts). Management provided a clear roadmap and emphasized the transformational impact of November acquisitions, but withheld granular margin and segment breakdowns. Overall, the call balances strong strategic momentum and tangible wins with material near-term financial consumption and execution risk.Positive Updates
2026 Revenue Guidance Reiterated
Management reiterated full-year 2026 revenue guidance of $24.0M to $27.0M — described as roughly 4x–5x 2025 revenue — signaling strong expected top-line acceleration from the transformed company.
Negative Updates
High Operating Loss and Non-GAAP Net Loss
Operating loss in Q4 2025 was $9.3M vs $6.5M year-ago (increase of ~43%). GAAP net loss was $1.5M ($0.04/sh), while non‑GAAP net loss was $6.9M ($0.16/sh), reflecting substantial underlying operating losses once one-time/non-cash items are excluded.
Read all updates
Q4-2025 Updates
Positive
Negative
2026 Revenue Guidance Reiterated
Management reiterated full-year 2026 revenue guidance of $24.0M to $27.0M — described as roughly 4x–5x 2025 revenue — signaling strong expected top-line acceleration from the transformed company.
Read all positive updates
Company Guidance
Palladyne reiterated 2026 revenue guidance of $24.0–$27.0 million (roughly 4–5x 2025 revenue) and said backlog has grown from about $13.5 million at year-end 2025 to nearly $18 million mid‑Q1; management expects consolidated quarterly operating cash usage of approximately $8–9 million in 2026 and plans to invest $5 million in Gremlin X and Swarmstrike over the next 12–18 months. As of 12/31/2025 the company held roughly $47 million of cash, cash equivalents and marketable securities, reported Q4 revenue of $1.7 million (up 118% year‑over‑year) with cost of revenue $1.4 million, R&D $3.8 million, G&A $4.7 million, S&M $1.0 million, an operating loss of $9.3 million, GAAP net loss of $1.5 million ($0.04/share) and non‑GAAP net loss of $6.9 million ($0.16/share) (including a $4.6 million non‑cash warrant gain, $1.1 million stock‑based comp, $0.6 million acquisition expenses and a $2.5 million tax benefit). Q4 net cash burn was about $10 million (including $8.5 million cash used in operations, $5.3 million for acquisitions and $3.7 million real estate paydown, offset by $7.3 million net ATM proceeds), and the Q4/full‑year results included ~six weeks of contribution from mid‑November acquisitions.Palladyne AI Corp Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
54
Neutral
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.25M | 7.79M | 6.15M | 14.57M | 5.08M |
| Gross Profit | 2.56M | 4.30M | 1.10M | 2.96M | 1.21M |
| EBITDA | -31.31M | -26.29M | -78.64M | -103.21M | -80.46M |
| Net Income | 10.04M | -72.62M | -115.59M | -157.13M | -81.51M |
Balance Sheet | |||||
| Total Assets | 95.71M | 56.25M | 60.43M | 167.63M | 235.82M |
| Cash, Cash Equivalents and Short-Term Investments | 47.05M | 40.07M | 39.09M | 114.50M | 217.11M |
| Total Debt | 10.78M | 11.04M | 12.40M | 13.28M | 7.00K |
| Total Liabilities | 21.04M | 65.79M | 19.52M | 23.18M | 21.86M |
| Stockholders Equity | 74.67M | -9.53M | 40.91M | 144.45M | 213.96M |
Cash Flow | |||||
| Free Cash Flow | -28.35M | -22.89M | -77.40M | -66.89M | -46.79M |
| Operating Cash Flow | -27.64M | -22.63M | -76.62M | -65.39M | -42.10M |
| Investing Cash Flow | -24.58M | 6.88M | 64.68M | -109.05M | -4.69M |
| Financing Cash Flow | 39.25M | 23.80M | -82.00K | -7.52M | 230.24M |
Palladyne AI Corp Technical Analysis
Neutral
6.45
Price Trends
6.87
Negative
6.21
Positive
7.30
Negative
Market Momentum
-0.19
Negative
48.51
Neutral
78.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PDYN, the sentiment is Neutral. The current price of 6.45 is below the 20-day moving average (MA) of 6.46, below the 50-day MA of 6.87, and below the 200-day MA of 7.30, indicating a bearish trend. The MACD of -0.19 indicates Negative momentum. The RSI at 48.51 is Neutral, neither overbought nor oversold. The STOCH value of 78.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PDYN.
Palladyne AI Corp Risk Analysis
Palladyne AI Corp disclosed 65 risk factors in its most recent earnings report. Palladyne AI Corp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Palladyne AI Corp Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | $103.94M | -4.91 | -93.10% | ― | 312.20% | ― | |
49 Neutral | $1.66B | -83.08 | -69.72% | ― | -6.95% | -53.69% | |
48 Neutral | $179.94M | -2.66 | -973.13% | ― | -17.50% | -51.25% | |
48 Neutral | $1.28B | -2.86 | -55.55% | ― | 1.84% | -27.74% | |
48 Neutral | $250.04M | -21.55 | -7.62% | ― | ― | ― | |
47 Neutral | $299.89M | 16.48 | 19.25% | ― | -44.07% | 25.75% |
* Technology Sector Average
PDYN
Palladyne AI Corp
6.45
0.58
9.88%
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8.78
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GRRR
Gorilla Technology Group Inc.
11.03
-5.73
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ZENA
ZenaTech, Inc.
2.18
>-0.01
-0.46%
Palladyne AI Corp Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A Transactions
Palladyne AI Reports Transformational 2025 Results, Strong Backlog
Positive
Mar 5, 2026
Palladyne AI Corp. reported its fourth quarter and full-year 2025 results on March 5, 2026, highlighting a year of structural transformation driven by November 2025 acquisitions of GuideTech, Warnke Precision Machining and MKR Fabricators, and the...
Business Operations and StrategyExecutive/Board Changes
Palladyne AI Elevates Matt Muta to Lead Commercial Push
Positive
Feb 18, 2026
On February 18, 2026, Palladyne AI Corp. announced that long-time board member Matt Muta will become President, Commercial and Industrial, effective March 2, 2026, and that he has resigned from the board in connection with this transition. The com...
Business Operations and StrategyRegulatory Filings and Compliance
Palladyne AI Unveils Embodied AI Strategy Investor Deck
Positive
Jan 14, 2026
On January 14, 2026, Palladyne AI Corp. published a new investor presentation on its website outlining its strategy as an “embodied AI” provider and cross-domain defense and industrial technology player, emphasizing its closed-loop aut...
Business Operations and StrategyFinancial Disclosures
Palladyne AI Corp Issues Strong 2026 Revenue Outlook
Positive
Jan 13, 2026
On January 13, 2025, Palladyne AI Corp announced preliminary, unaudited 2025 financial figures and sharply higher revenue guidance for 2026, signaling a major step-up in scale following late-2025 acquisitions. For the year ended December 31, 2025,...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.