Latest news with #PalladyneAI
Business Wire
11-06-2025
- Business
- Business Wire
Palladyne AI Corp. Receives Additional Funding Via
SALT LAKE CITY--(BUSINESS WIRE)-- Palladyne AI Corp. (NASDAQ: PDYN and PDYNW) ('Palladyne AI'), a developer of artificial intelligence software for robotic platforms in the defense and commercial sectors, today announced that it has received additional funding from the U.S. Air Force under its contract with the Air Logistics Complex at Warner Robins Air Force Base in Georgia. Additionally, Palladyne AI recently completed a series of Military Utility Assessment milestones that involved performing autonomous engineered media blasting on complex aircraft components and automated sanding at height using several commercial robotic systems. 'Through our work with the U.S. Air Force, we are making significant strides with the Palladyne IQ software and pushing the boundaries of what's possible with robotic automation,' said Ben Wolff, President and CEO, Palladyne AI. These new milestones represent the continuation of the multi-million-dollar Phase II contract with the U.S. Air Force to validate the Palladyne ™ IQ closed-loop autonomy software for use in various remediation activities on complex aircraft components. This is the second year of a potential four-year effort with the U.S. Air Force, resulting from Palladyne AI's selection in the highly competitive Strategic Funding Increase (STRATFI) program emerging from the Air Force's innovation incubator, AFWERX AFVentures. The successful completion of the first milestones of the contract was announced in October 2024. Palladyne AI accomplished several key milestones in advancing automated surface finishing tasks, including successfully demonstrating autonomous media blasting using Palladyne IQ software on a Fanuc M710 robot, enabling seven degrees of freedom and control along a linear rail with precise control over blasting parameters such as stand-off distance, path width, angle of incidence, and speed. A second milestone included the completion of teleoperated and autonomous sanding using a Universal Robots UR10e robot paired with a compliant end effector and Palladyne IQ software, allowing for high-precision sanding across contoured, overhead, and at-height surfaces and enabling customizable sanding areas and patterns for automated sanding. The use of Palladyne IQ software enabled enhanced dexterity, simplicity of use, and greater control for the operator for both tasks. 'Through our work with the U.S. Air Force, we are making significant strides with the Palladyne IQ software and pushing the boundaries of what's possible with robotic automation,' said Ben Wolff, President and CEO, Palladyne AI. 'These recent Military Utility Assessment milestones, combined with the additional funding we have received for the project, demonstrate not only the technical feasibility but also the operational value of our AI software to help automate a variety of complex and variable tasks for Warner Robins Air Logistics Complex.' For more information on Palladyne AI and its artificial intelligence software for robotic platforms, please visit About Palladyne AI Corp. Palladyne AI Corp. (NASDAQ: PDYN) has developed an advanced artificial intelligence (AI) and machine learning (ML) software platform poised to revolutionize the capabilities of robots, enabling them to observe, learn, reason, and act in a manner akin to human intelligence. Our AI and ML software platform empowers robots to perceive variations or changes in the real-world environment, enabling them to autonomously maneuver and manipulate objects accurately in response. The Palladyne AI software solution operates on the edge and dramatically reduces the significant effort required to program and deploy robots enabling industrial robots and collaborative robots (cobots) to quickly achieve autonomous capabilities even in dynamic and or complex environments. Designed to achieve precise results with minimal training time, limited data sets, and lower power requirements, compared to current state-of-the-art solutions, Palladyne AI believes its software has wide application, including in industries such as automotive, aviation, construction, defense, general manufacturing, infrastructure inspection, logistics and warehousing. Its applicability extends beyond traditional robotics to include Unmanned Aerial Vehicles (UAVs), Unmanned Ground Vehicles (UGVs), and Remotely Operated Vehicles (ROVs). Palladyne AI's approach is expected to elevate the return on investment associated with a diverse range of machines that are fixed, fly, float, or roll. By enabling autonomy, reducing programming complexity, and enhancing efficiency, Palladyne AI is paving the way for a future where machines can excel in tasks that were once considered beyond their reach. For more information, please visit and connect with us on LinkedIn at Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the future uses of the Palladyne IQ software by the Warner Robins Air Logistics Complex, including during Phase II of the contract, the benefits of the software to the Warner Robins Air Logistics Complex, the capabilities or future capabilities of Palladyne AI's software platform and products generally, the benefits of the software platform and products and the industries that could benefit from them, the impact of the software platform and products on robotics and the applicability of the software platform to different kinds of machines (such as UAVs, UGVs and ROVs and different available industrial robots). Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words 'believes,' 'estimates,' 'expects,' 'projects,' 'forecasts,' 'may,' 'will,' 'should,' 'seeks,' 'plans,' 'scheduled,' 'anticipates,' 'intends' or 'continue' or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Palladyne AI's management's current expectations and beliefs, as well as a number of assumptions concerning future events. However, there can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Palladyne AI is not under any obligation and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports which Palladyne AI has filed or will file from time to time with the Securities and Exchange Commission (the 'SEC'), in particular the risks and uncertainties set forth in the sections of those reports entitled 'Risk Factors' and 'Cautionary Note Regarding Forward-Looking Statements,' for a description of risks facing Palladyne AI and that could cause actual events, results or performance to differ from those indicated in the forward-looking statements contained herein. The documents filed by Palladyne AI with the SEC may be obtained free of charge at the SEC's website at
CNBC
05-06-2025
- Business
- CNBC
Lightning Round: PDYN, D, IRM
'Mad Money' host Jim Cramer weighs in on stocks including: Palladyne AI, Dominion Energy and Iron Mountain.
Yahoo
03-06-2025
- Business
- Yahoo
Palladyne AI to join Russell 3000, Russell 2000 Index
Palladyne AI (PDYN) announced that it has been added as a member of the broad-market Russell 3000 Index, effective after the U.S. market opens on June 30, 2025, as part of the 2025 Russell indexes reconstitution. 'We are extremely proud to be included in the Russell 3000 and 2000 Indexes this year,' said Ben Wolff, President and CEO, Palladyne AI. 'This is an important achievement for Palladyne AI as we expand our business and aim to impact a bigger investor pool, particularly reaching institutional investors.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on PDYN: Disclaimer & DisclosureReport an Issue Palladyne AI Unveils Strategic Vision in New Presentation Palladyne AI Corp options imply 7.7% move in share price post-earnings Palladyne AI Corp options imply 6.1% move in share price post-earnings Palladyne AI Corp options imply 7.9% move in share price post-earnings Palladyne AI Corp options imply 6.0% move in share price post-earnings Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Business Wire
02-06-2025
- Business
- Business Wire
Palladyne AI Corp. to Join Russell 3000® and Russell 2000® Index
SALT LAKE CITY--(BUSINESS WIRE)-- Palladyne AI Corp. (NASDAQ: PDYN and PDYNW) ('Palladyne AI'), a developer of artificial intelligence software for robotic platforms in the defense and commercial sectors, today announced that it has been added as a member of the broad-market Russell 3000 ® Index, effective after the U.S. market opens on June 30, 2025, as part of the 2025 Russell indexes reconstitution. 'We are extremely proud to be included in the Russell 3000 and 2000 Indexes this year,' said Ben Wolff, President and CEO, Palladyne AI. The annual reconstitution of the Russell U.S. indexes captures the 4,000 largest US stocks as of April 30, 2025, ranking them by total market capitalization. Membership in the Russell 3000Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 ® Index or small-cap Russell 2000 ® Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes. 'We are extremely proud to be included in the Russell 3000 and 2000 Indexes this year,' said Ben Wolff, President and CEO, Palladyne AI. 'This is an important achievement for Palladyne AI as we expand our business and aim to impact a bigger investor pool, particularly reaching institutional investors.' For more information on the Russell 3000 Index and the Russell indexes reconstitution, visit the 'Russell Reconstitution' section on the FTSE Russell website. For more information on Palladyne AI and its artificial intelligence software for robotic platforms, please visit About Palladyne AI Corp. Palladyne AI Corp. (NASDAQ: PDYN) has developed an advanced artificial intelligence (AI) and machine learning (ML) software platform poised to revolutionize the capabilities of robots, enabling them to observe, learn, reason, and act in a manner akin to human intelligence. Our AI and ML software platform empowers robots to perceive variations or changes in the real-world environment, enabling them to autonomously maneuver and manipulate objects accurately in response. The Palladyne AI software solution operates on the edge and dramatically reduces the significant effort required to program and deploy robots enabling industrial robots and collaborative robots (cobots) to quickly achieve autonomous capabilities even in dynamic and or complex environments. Designed to achieve precise results with minimal training time, limited data sets, and lower power requirements, compared to current state-of-the-art solutions, Palladyne AI believes its software has wide application, including in industries such as automotive, aviation, construction, defense, general manufacturing, infrastructure inspection, logistics and warehousing. Its applicability extends beyond traditional robotics to include Unmanned Aerial Vehicles (UAVs), Unmanned Ground Vehicles (UGVs), and Remotely Operated Vehicles (ROVs). Palladyne AI's approach is expected to elevate the return on investment associated with a diverse range of machines that are fixed, fly, float, or roll. By enabling autonomy, reducing programming complexity, and enhancing efficiency, Palladyne AI is paving the way for a future where machines can excel in tasks that were once considered beyond their reach.
Yahoo
21-05-2025
- Business
- Yahoo
Zacks Initiates Coverage of Palladyne AI With Neutral Recommendation
Zacks Investment Research has recently initiated coverage of Palladyne AI Corp. PDYN with a Neutral recommendation, reflecting a balanced view of the company's emerging opportunities and ongoing operational challenges. Palladyne AI, headquartered in Salt Lake City, UT, is developing edge-based artificial intelligence software that enables drones and robotic systems to operate autonomously without relying on centralized infrastructure, a technology that has drawn attention in both defense and industrial sectors. The company's flagship platform, Palladyne Pilot, became commercially available in the second quarter of 2025. This marks a key milestone for Palladyne AI, validating its core AI/ML technology through successful real-world deployments. The software enables real-time collaboration among drones using multi-modal sensor data and is designed to function independently of cloud connectivity, making it particularly well-suited for defense scenarios. A $26 million-plus U.S. Air Force contract awarded is helping to transition the platform to U.S.-made chipsets, enhancing compatibility with government procurement standards and national security objectives. Palladyne AI's liquidity position is another area of strength, as highlighted in the research report. As of March 31, 2025, the company held $46.6 million in cash and marketable securities, up from $40.1 million at the end of 2024. This was supported by successful equity raises totaling $39.4 million across the last two quarters, giving Palladyne AI the financial flexibility to support continued product development and go-to-market execution. Meanwhile, the company's AI software is hardware-agnostic, positioning it to serve a broader addressable market that spans industrial robots, unmanned aerial vehicles (UAVs), and ground-based robotics. Revenue in the first quarter of 2025 rose 94% year over year to $1.7 million, driven by defense-related development contracts. Operating expenses declined 20% from the prior year, reflecting improved cost discipline and helping to manage cash burn. These trends indicate management's commitment to capital efficiency as it transitions from a contract development model toward commercial software licensing. However, several concerns prevail for the company, as outlined in the report. Despite the commercial availability of its software, Palladyne AI has not yet recorded any product revenue in 2025. The entire revenue base still comes from non-recurring development contracts, leaving questions about the company's ability to scale licensing deals. Its backlog remains limited at $1.9 million, with only a portion of it funded. In addition, Palladyne AI operates in an increasingly competitive market. Large industrial players such as ABB and Fanuc are investing heavily in AI-driven robotics, bringing scale, global reach, and established customer bases. Palladyne AI's exclusive focus on the U.S. market may limit its exposure to faster-growing international regions and leave it vulnerable to fluctuations in domestic government spending. Palladyne's share price has been volatile, reflecting investor enthusiasm for its edge-based AI platform as well as uncertainty around its financial sustainability. The company's valuation metrics appear elevated relative to peers, which may limit near-term upside potential. Palladyne's performance is supported by strong government backing, solid liquidity, early traction in defense R&D, and a scalable, hardware-agnostic software platform. However, the absence of recurring revenue, persistent operating losses, a small backlog, intensifying competition, and geographic concentration remain key headwinds. For a comprehensive look at the company's growth drivers and risk factors, read the full Zacks Investment Research report on PDYN. Read the full Research Report on Palladyne AI here>>> Note: Our initiation of coverage on Palladyne AI, which has a modest market capitalization of $257.7 million, aims to equip investors with the information needed to make informed decisions in this promising but inherently risky segment of the market. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Palladyne AI Corp. (PDYN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
