Palladyne AI Corp.
NASDAQ Global MarketCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- CEO
- Benjamin G. Wolff
- Full Time Employees
- 161
- Sector
- Technology
- Industry
- Software - Infrastructure
- Address
- 650 South 500 West Salt Lake City UT United States of America 84101
- IPO Date
- Sep 27, 2021
- CIK
- 0001826681
- Website
- palladyneai.com
- Similar Companies
- Business
- Palladyne AI Corp. (Nasdaq: PDYN) develops artificial intelligence software that enhances the utility and functionality of third-party stationary and mobile robotic systems, enabling robots and unmanned platforms to observe, learn, reason, and act autonomously in structured and unstructured environments through edge-based, real-time operations without cloud dependency. The company offers Palladyne IQ, a closed-loop autonomy software providing human-like reasoning for industrial robots and collaborative robots (cobots) to handle complex tasks, disruptions, and dynamic conditions; Palladyne Pilot for unmanned aerial systems (UAS) such as Class 1 UAVs, supporting persistent detection, identification, tracking, classification, and multi-drone situational awareness via fused multi-modal sensor data; and foundational AI/ML technologies that allow rapid adaptation with minimal training data and power. Founded in 1983 and headquartered in Salt Lake City, Utah, Palladyne AI serves industries including manufacturing, warehousing, logistics, automotive, aviation, construction, defense, infrastructure inspection, energy, and aerospace, primarily in the United States with integration across commercial robots and UAS. In November 2025, the company launched Palladyne Defense, a new vertically integrated division formed through the $31 million acquisition of GuideTech LLC for avionics, flight software, and engineering services, and the Crucis companies—Warnke Precision Machining and MKR Fabricators—for U.S.-based precision manufacturing, fabrication, and assembly capabilities serving primes like Lockheed Martin and Kratos; this strategic move combines embodied AI with domestic production to address Department of Defense modernization priorities, targets tripling 2024 revenue of $7.8 million by 2026, and includes an $10 million backlog plus potential $25 million earnout for GuideTech upon hitting revenue milestones. Formerly Sarcos Technology and Robotics Corporation, Palladyne AI rebranded in March 2024 to emphasize its focus on advanced AI software platforms.
Palladyne AI: Autonomous Platforms Have Potential In Modern Warfare
Palladyne AI Announces Preliminary Second Quarter 2026 Revenue of Approximately $5.8 Million and Backlog of Approximately $24.0 Million
Billions Pour into Defense Drone Technology as Drones-as-a-Service Gains Momentum
Palladyne AI's GuideTech Wins New $2.3 Million Contract for BRAIN with Defense Prime Continuing Commercial Momentum
Palladyne AI's GuideTech Wins New $2.3 Million Contract for BRAIN with Defense Prime Continuing Commercial Momentum
Palladyne AI Appoints Former Golden Dome Operational Commander and U.S. Army Space and Missile Defense Commander Lt. Gen. Sean A.
Palladyne AI To Participate in 1:1s at Northland Growth Conference 2026
Palladyne AI Stock Rises On U.S. Army Contracts For Swarm Tech And Mini-Bomber UAV
Palladyne AI Awarded U.S. Army Contracts for SwarmOS™ Autonomous Swarm Technology and Gremlin-X™ Mini-Bomber UAV Under Competitive Disruptive Applications Program
Palladyne AI Deploys True Autonomy Drone-Swarming Software, SwarmOS™, During U.S. Army 4th Infantry Division Ivy Mass Exercise
3 Under-The-Radar Defense Tech Stocks — Small Caps With Real Pentagon Contracts
Palladyne AI Corp. (PDYN) Discusses Strategic Partnership to Manufacture and Market Loitering Munition Systems for U.S. Defense Transcript
Palladyne AI and IAI Form Partnership to Manufacture and Sell Combat-Proven Loitering Munition Systems to the U.S. Department of War
Palladyne AI and IAI Form Partnership to Manufacture and Sell Combat-Proven Loitering Munition Systems to the U.S. Department of War
Palladyne AI to Participate in Jefferies 2026 Defense Tech Summit
Palladyne AI Appoints Retired Lieutenant General Sean Bernabe and Retired Brigadier General Gwyn Armfield to Defense Advisory Board
Palladyne AI: Autonomy And The 'Relentless Wolfpack'
Palladyne AI Announces Employee Equity Awards
Palladyne: Betting On Swarm AI And Defense Automation
Palladyne AI Corp. (PDYN) Q1 2026 Earnings Call Transcript