Palladyne AI Corp. (PDYN) Form 8-K — Jul 8, 2026
Palladyne AI announced preliminary financial results for the second quarter of 2026, with revenue expected to reach approximately $5.8 million. This figure represents a substantial 480% increase compared to the prior year and 66% sequential growth from the first quarter of 2026. The company reported a backlog of approximately $24.0 million, up from $17.3 million at the end of the first quarter, driven by roughly $12.5 million in new customer programs. Cash position remained stable at approximately $44.0 million as of June 30, 2026.
Key figures
- Revenue
- 5.8
- Revenue Yoy
- 480%
- Cash Position
- 44
- Backlog
- 24
- Gross New Contracts
- 12.5
- Sequential Backlog Growth
- 39%
- Sequential Revenue Growth
- 66%
Price after filing
Close on the filing date to close N calendar days later (from $5.37). Historical, not a forecast.
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