One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Palladyne AI Corp.
PDYN · NGM · Technology · Software - Infrastructure
Current price
$3.57
52-week range
$2.66 - $10.00
Market cap
$176.14M
Balance sheet
Healthy
-16.67x Concerning
Net cash $33.19M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
1 Risk
1 rewards · 1 risks
- Reward Revenue grew 125.7% last year.
- Risk Return on equity was -48.4% last year — the company lost money on shareholders' equity.
What this company does
Palladyne AI Corp.
Palladyne AI Corp. sells software that helps robots learn and act on their own, like being able to see, understand, and do things in messy, unpredictable environments. Their main money comes from selling these advanced AI systems to industries like manufacturing and defense, which is important because it allows robots to work more smartly and adapt to new situations without needing constant human input.
How the company got here
Palladyne AI Corp. was formerly known as Sarcos Technology and Robotics Corporation, a name change that occurred in March 2024 to better reflect its focus on artificial intelligence. The company has been working on developing advanced AI and machine learning technologies, particularly for robotic systems. A key development in its journey is a strategic collaboration with FANUC America, a major player in robotics, aimed at improving intelligent robotic automation. This partnership signifies a move towards integrating their AI software with established robotic hardware.
What it actually does
Palladyne AI Corp. creates sophisticated software that allows robots to understand their surroundings, learn from experiences, and make decisions in real-time, even in unpredictable environments. Think of it like teaching a robot to be smart and adaptable, rather than just following pre-programmed instructions. Their technology helps robots perceive their environment and adjust to new situations quickly, without needing constant reprogramming or relying heavily on cloud-based processing, which can be slow. This allows robots to perform complex tasks more efficiently and safely.
Embodied AI Software
This is the core of Palladyne's business, focusing on developing foundational AI and machine learning technology. This software is designed to give robots the ability to 'see,' 'learn,' 'reason,' and 'act' in environments that aren't neatly organized or predictable. It's about making robots more intelligent and capable of handling real-world complexities. The primary customers for this technology are in industries like industrial manufacturing, defense, and aerospace, where robots need to perform tasks with a high degree of autonomy and adaptability.
Collaborative Autonomy Solutions
Palladyne offers solutions that enable robots to work together or alongside humans in a more intelligent and coordinated way. This includes products like Palladyne IQ, which helps industrial robots learn multiple tasks and navigate unexpected obstacles, and Palladyne Pilot, designed for unmanned platforms like drones. Palladyne Pilot allows drones to continuously detect, identify, and track objects by sharing information gathered from various sensors, enhancing situational awareness for defense and surveillance applications. These solutions are crucial for improving efficiency and safety in complex operational settings.
What management is betting on now
Palladyne AI Corp.'s management is focused on advancing its AI and machine learning capabilities to make robots more autonomous and adaptable. They are emphasizing the development of software that allows robots to learn and react in real-time, reducing the need for extensive programming and cloud reliance. The company is also leveraging strategic collaborations, like the one with FANUC America, to integrate its AI solutions into practical robotic applications across various industries. The goal is to position Palladyne as a leader in providing intelligent automation for complex and unstructured environments.
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$-5.14M
FY2025 Q1
$-7.61M
FY2025 Q2
$-5.33M
FY2025 Q3
$-6.67M
FY2025 Q4
$-8.74M
FY2026 Q1
$-10.27M
FY2026 Q2
$-11.02M
FY2026 Q3
$-8.72M
Revenue
$8.56M
Net income
$-12.01M
Diluted EPS
-0.25
Operating cash flow
$-7.78M
Free cash flow
$-8.72M
Fetching…
Sources
Revenue
$5.78M
Net income
$-12.33M
Diluted EPS
-0.27
Operating cash flow
$-10.16M
Free cash flow
$-11.02M
Fetching…
Sources
Revenue
$3.54M
Net income
$-12.61M
Diluted EPS
-0.28
Operating cash flow
$-10.24M
Free cash flow
$-10.27M
Fetching…
Sources
Revenue
$1.66M
Net income
$-1.49M
Diluted EPS
-0.02
Operating cash flow
$-8.51M
Free cash flow
$-8.74M
Fetching…
Sources
Revenue
$860.00K
Net income
$-3.74M
Diluted EPS
-0.09
Operating cash flow
$-6.29M
Free cash flow
$-6.67M
Fetching…
Sources
Revenue
$1.01M
Net income
$-7.49M
Diluted EPS
-0.20
Operating cash flow
$-5.33M
Free cash flow
$-5.33M
Fetching…
Sources
Revenue
$1.71M
Net income
$22.76M
Diluted EPS
0.55
Operating cash flow
$-7.52M
Free cash flow
$-7.61M
Fetching…
Sources
Revenue
$761.00K
Net income
$-52.97M
Diluted EPS
-1.96
Operating cash flow
$-5.10M
Free cash flow
$-5.14M
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $3.57
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $33.2M - more cash than debt. Interest coverage -16.7x.
Net debt
$-33.19M
Interest coverage
-16.67x
Palladyne AI Corp.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
PDYN
BASELINE
Palladyne AI Corp.
Total debt $10.56M Interest coverage -16.67x This is the baseline the peer rows are being compared against.
Total debt $133.93B Interest coverage 50.88x This peer still has a real interest-payment cushion, while PDYN does not.
Total debt $150.33B Interest coverage 175.32x This peer still has a real interest-payment cushion, while PDYN does not.
Total debt $38.86B Interest coverage 503.42x This peer still has a real interest-payment cushion, while PDYN does not.
Total debt $225.27M Interest coverage 407.50x This peer still has a real interest-payment cushion, while PDYN does not.
Total debt $2.76B Interest coverage -172.95x Neither company has much profit cushion over interest right now.
What you should know
The case for and against PDYN
1 Reward
1 Risk
Rewards
-
Revenue grew 125.7% last year.
Risks
-
Return on equity was -48.4% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-4.89x
P/B
2.21x
P/S
14.87x
EV/EBITDA
-3.49x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
28.7%
Operating margin
-231.9%
Net margin
-254.7%
ROE
-48.4%
ROA
-30.9%
Health
Liquidity and balance-sheet strength
Debt / equity
0.15x
Current ratio
6.30x
Quick ratio
5.98x
Total debt
$10.56M
Total cash
$43.75M
Growth
How the business has been compounding
Revenue TTM
$11.84M
Revenue 5Y CAGR
0.8%
EPS TTM
-0.69
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-35.20M
Free CF TTM
$-28.35M
FCF margin
-239.4%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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