Palladyne Ai Corp. (PDYN)
NASDAQ:PDYN
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Palladyne AI Corp
(NASDAQ:PDYN)
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Rating:49Neutral
Price Target:
$6.00
▼(-8.68% Downside)
Action:Reiterated
Date:05/10/26
The score is held down primarily by weak financial performance (heavy losses and sustained cash burn) and bearish technicals (below major moving averages with negative MACD). Offsetting these is a constructive earnings-call backdrop with reiterated high-growth guidance and rising backlog, though near-term margin and cash-usage pressures keep overall risk elevated.
Positive Factors
Revenue & Backlog Growth
Sustained double‑digit top‑line expansion and a $17M backlog provide multi‑quarter revenue visibility and convertibility, supporting the company’s aggressive FY26 ramp. Durable backlog reduces near‑term demand risk and underpins scaling of product and services revenue if execution holds.
Negative Factors
Persistent Cash Burn
Consistently negative operating and free cash flow signal structural funding needs; continued cash burn relative to revenue requires external financing or dilution if losses persist, constraining strategic optionality and pressuring long‑term capital allocation unless margins improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Backlog Growth
Sustained double‑digit top‑line expansion and a $17M backlog provide multi‑quarter revenue visibility and convertibility, supporting the company’s aggressive FY26 ramp. Durable backlog reduces near‑term demand risk and underpins scaling of product and services revenue if execution holds.
Read all positive factors
Palladyne AI Corp (PDYN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$302.36M
Dividend YieldN/A
Average Volume (3M)1.29M
Price to Earnings (P/E)―
Beta (1Y)3.13
Revenue Growth16.83%
EPS Growth66.05%
CountryUS
Employees71
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.61
Shares Outstanding47,244,225
10 Day Avg. Volume1,374,473
30 Day Avg. Volume1,287,201
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 Cap0.80
Enterprise Value/Revenue34.12
Enterprise Value/Gross Profit106.61
Enterprise Value/Ebitda-7.67
Forecast
1Y Price Target
$10.00Price Target Upside52.21% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.62
Revenue Forecast (FY)$24.65M
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:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call conveyed strong technical validation, rapid revenue growth (107% YoY) and meaningful bookings/backlog expansion, supported by high-profile demonstrations, partnerships, space engagements, IP filings and reiterated aggressive 2026 guidance (implying ~357%–415% growth). At the same time, near-term financials reflect operating losses, margin compression from low manufacturing utilization and first-article costs, elevated operating cash usage (Q1 cash burn ~$10.2M) and some timing uncertainty due to the government shutdown and pending integrations. Overall, the operational and market progress materially outweighs short-term financial headwinds, signaling constructive momentum but with execution and scaling risks to monitor.Positive Updates
Strong Revenue Growth
Revenue increased 107% year-over-year to $3.5 million in Q1 2026 (from $1.7M), driven by inclusion of post-acquisition revenues and backlog conversion.
Negative Updates
Significant GAAP Losses
Operating loss widened to $11.9 million in Q1 (vs. $6.9M prior year, ~72% increase); GAAP net loss was $12.6 million ($0.28 per share); non-GAAP net loss was $10.2 million ($0.23 per share).
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Revenue Growth
Revenue increased 107% year-over-year to $3.5 million in Q1 2026 (from $1.7M), driven by inclusion of post-acquisition revenues and backlog conversion.
Read all positive updates
Company Guidance
Management reiterated full‑year 2026 revenue guidance of $24–$27 million (implying ~357%–415% growth vs. 2025) after reporting Q1 revenue of $3.5M (+107% YoY from $1.7M); backlog rose from ~ $13.5M entering Q1 to ~ $17M exiting Q1 (net ~$7M in new awards) with $3.5M recognized in the quarter, and they expect sequential quarterly revenue growth with acceleration in H2. Q1 product revenue was $1.7M and engineering services $1.8M, cost of revenue $2.5M, consolidated gross margin ~30%, R&D $3.9M, G&A $6.9M, S&M $1.9M, operating loss $11.9M, GAAP net loss $12.6M (‑$0.28/share) and non‑GAAP net loss $10.2M (‑$0.23/share). Liquidity stood at $43.7M as of March 31; Q1 operating cash use was ≈$10.2M (modestly above the guided ~$8–$9M/quarter) and full‑year CapEx+OpEx cash burn is expected to be $32–$36M (~$8–$9M/quarter on average); other disclosed metrics include manufacturing utilization near 30%, a $500k BRAIN order and an expected nearly $1M contribution from a propulsion contract this year.Palladyne AI Corp Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.07M | 5.25M | 7.79M | 6.15M | 14.57M | 5.08M |
| Gross Profit | 2.26M | 2.56M | 4.30M | 1.10M | 2.96M | 1.21M |
| EBITDA | -31.48M | -31.31M | -26.29M | -78.64M | -103.21M | -80.46M |
| Net Income | -25.33M | 10.04M | -72.62M | -115.59M | -157.13M | -81.51M |
Balance Sheet | ||||||
| Total Assets | 92.55M | 95.71M | 56.25M | 60.43M | 167.63M | 235.82M |
| Cash, Cash Equivalents and Short-Term Investments | 43.68M | 47.05M | 40.07M | 39.09M | 114.50M | 217.11M |
| Total Debt | 10.53M | 10.78M | 11.04M | 12.40M | 13.28M | 7.00K |
| Total Liabilities | 22.64M | 21.04M | 65.79M | 19.52M | 23.18M | 21.86M |
| Stockholders Equity | 69.92M | 74.67M | -9.53M | 40.91M | 144.45M | 213.96M |
Cash Flow | ||||||
| Free Cash Flow | -31.01M | -28.35M | -22.89M | -77.40M | -66.89M | -46.79M |
| Operating Cash Flow | -30.36M | -27.64M | -22.63M | -76.62M | -65.39M | -42.10M |
| Investing Cash Flow | 6.28M | -24.58M | 6.88M | 64.68M | -109.05M | -4.69M |
| Financing Cash Flow | 31.87M | 39.25M | 23.80M | -82.00K | -7.52M | 230.24M |
Palladyne AI Corp Technical Analysis
Positive
6.57
Price Trends
6.38
Positive
6.58
Negative
6.86
Negative
Market Momentum
-0.06
Positive
50.86
Neutral
40.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PDYN, the sentiment is Positive. The current price of 6.57 is above the 20-day moving average (MA) of 6.29, above the 50-day MA of 6.38, and below the 200-day MA of 6.86, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 50.86 is Neutral, neither overbought nor oversold. The STOCH value of 40.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
60 Neutral | $403.19M | -21.55 | -7.62% | ― | ― | ― | |
52 Neutral | $2.00B | -7.33 | -50.67% | ― | -20.34% | -8.67% | |
51 Neutral | $1.35B | -2.86 | -55.55% | ― | -16.22% | -41.59% | |
49 Neutral | $302.36M | -5.42 | -40.48% | ― | 16.83% | 66.05% | |
45 Neutral | $198.93M | -2.35 | -331.54% | ― | -9.07% | 35.07% | |
43 Neutral | $65.87M | -3.32 | -113.24% | ― | 548.78% | ― |
* Technology Sector Average
PDYN
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6.40
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-17.21%
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Palladyne AI Corp Corporate Events
Business Operations and StrategyFinancial Disclosures
Palladyne AI Reports Strong Q1 Growth Amid Wider Losses
Neutral
May 5, 2026
On May 5, 2026, Palladyne AI reported first-quarter 2026 results, its first full period as a vertically integrated defense and industrial AI company, with revenue doubling year over year to $3.5 million and backlog rising to about $17 million afte...
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...
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.