Palladyne AI Corp. (PDYN)

8.99 -0.02 (-0.22%)

As of 2025-10-16 20:43:15 EST

Palladyne AI Corp. (formerly Sarcos Technology and Robotics Corporation) is an American company known for most of its existence primarily as a developer of robots. Palladyne was founded in 1983 as Sarcos Research Corporation. In 2023, Sarcos "pivoted" to become a developer of artificial-intelligence (AI) software, specifically for robotic applications. This pivot was accompanied by a cessation of all operations involving hardware. In March 2024, Sarcos changed its name to Palladyne AI.

Traded asNasdaq: PDYN
ISINUS80359A2050
CIK0001826681
LEI—
EIN—
Sector—
IndustryServices-Prepackaged Software
CEO—
Employees—
Fiscal Year End1231
Address650 SOUTH 500 WEST, SALT LAKE CITY, UT, 84101
Phone888-927-7296
Websitehttps://palladyneai.com/
Stock Quotes
trading_symbolregistrant_nametimepricechangepercentage_change
PDYNPalladyne AI Corp.2025-10-16 20:43:158.99-0.02-0.22
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Company Information
trading_symbolcentral_index_keyregistrant_nameisin_numberlei_numberein_numberexchangesic_codesic_descriptionfiscal_year_endstate_of_incorporationaddress_streetaddress_cityaddress_stateaddress_zip_codeaddress_countryaddress_country_codephone_numbermailing_addressbusiness_addressformer_nameindustryfounding_datechief_executive_officernumber_of_employeeswebsitemarket_capshares_issuedshares_outstandingdescriptionupdate_time
PDYN0001826681Palladyne AI Corp.US80359A2050——Nasdaq7372Services-Prepackaged Software1231DE650 SOUTH 500 WESTSALT LAKE CITYUT84101UNITED STATESUS888-927-7296650 SOUTH 500 WEST, SALT LAKE CITY, UT, 84101650 SOUTH 500 WEST, SALT LAKE CITY, UT, 84101Sarcos Technology & Robotics Corp—1983——https://palladyneai.com/37,500,00040,370,91441,948,874Palladyne AI Corp. (formerly Sarcos Technology and Robotics Corporation) is an American company known for most of its existence primarily as a developer of robots. Palladyne was founded in 1983 as Sarcos Research Corporation. In 2023, Sarcos "pivoted" to become a developer of artificial-intelligence (AI) software, specifically for robotic applications. This pivot was accompanied by a cessation of all operations involving hardware. In March 2024, Sarcos changed its name to Palladyne AI.2025-10-10 22:00:23
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PDYN Stock Price (End-of-Day)
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PDYN Stock Price (1-Minute)
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Market Cap
Fiscal YearMarket CapChange In Market CapPercentage Change In Market CapShares OutstandingChange In Shares OutstandingPercentage Change In Shares Outstanding
202437,500,000-4,000,000-9.638635,219,7019,319,70135.9834
202341,500,000-290,300,000-87.492525,900,000-128,400,000-83.2145
2022331,800,00048,500,00017.1197154,300,00011,400,0007.9776
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Executive Compensation
Executive NameExecutive PositionFiscal YearSalaryBonusStock AwardsIncentive Plan CompensationOther CompensationTotal Compensation
Dr. Denis GaragiChief Technology Officer2024412,174364,417295,301—01,146,406
Stephen SonneChief Legal Officer, Secretary2024370,000240,50059,060—0684,378
Benjamin G. WolffChief Executive Officer, President, Director2024228,7970369,125—0597,922
Laura PetersonChair, Director2024260,2710100,000—15,000375,271
Kiva AllgoodChief Executive Officer, President2023170,7920450,000—547,0571,617,849
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Employee Count
Fiscal YearEmployee Count
202471
202370
2022280
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Income Statements
Fiscal Year202420232022
Revenue7,786,0006,146,00014,569,000
Cost Of Revenue3,488,0005,041,00011,614,000
Gross Profit———
Research And Development Expenses10,437,00039,012,00034,144,000
General And Administrative Expenses16,842,00031,454,00063,480,000
Operating Expenses34,709,000127,102,000191,607,000
Operating Income-26,923,000-120,956,000-177,038,000
Net Income-72,617,000-115,593,000-157,130,000
Earnings Per Share Basic-2.71-4.51-1.07
Earnings Per Share Diluted-2.71-4.51-1.07
Weighted Average Shares Outstanding Basic26,774,89525,639,270146,839,273
Weighted Average Shares Outstanding Diluted26,774,89525,639,270146,839,273
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Balance Sheet Statements
Fiscal Year202420232022
Cash And Cash Equivalents31,188,00023,139,00035,159,000
Marketable Securities Current8,883,00015,947,00079,337,000
Accounts Receivable134,000555,0001,866,000
Inventories71,0001,065,0003,562,000
Non Trade Receivables———
Other Assets Current647,0001,028,0001,191,000
Total Assets Current42,730,00045,063,000129,099,000
Marketable Securities Non Current———
Property Plant And Equipment4,244,0004,842,0007,640,000
Other Assets Non Current438,000429,000487,000
Total Assets Non Current13,523,00015,363,00038,526,000
Total Assets56,253,00060,426,000167,625,000
Accounts Payable435,0001,291,0003,620,000
Deferred Revenue248,000——
Short Term Debt———
Other Liabilities Current2,919,0005,805,0006,025,000
Total Liabilities Current4,433,0008,456,00010,532,000
Long Term Debt———
Other Liabilities Non Current—29,000256,000
Total Liabilities Non Current61,353,00011,065,00012,643,000
Total Liabilities65,786,00019,521,00023,175,000
Common Stock3,0003,00015,000
Retained Earnings-490,831,000-418,214,000-302,621,000
Accumulated Other Comprehensive Income6,0003,000-17,000
Total Shareholders Equity-9,533,00040,905,000144,450,000
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Cash Flow Statements
Fiscal Year202420232022
Depreciation And Amortization800,0002,800,0001,409,000
Share Based Compensation Expense2,805,00012,043,00035,645,000
Other Non Cash Income Expense———
Change In Accounts Receivable-136,000-1,311,000257,000
Change In Inventories-994,0008,759,0002,090,000
Change In Non Trade Receivables———
Change In Other Assets———
Change In Accounts Payable-819,000-2,326,0001,539,000
Change In Other Liabilities—253,000-798,000
Cash From Operating Activities-22,627,000-76,620,000-65,391,000
Purchases Of Marketable Securities8,859,00064,536,000177,860,000
Sales Of Marketable Securities16,000,000130,000,000100,000,000
Acquisition Of Property Plant And Equipment265,000782,0001,498,000
Acquisition Of Business——29,687,000
Other Investing Activities———
Cash From Investing Activities6,876,00064,682,000-109,045,000
Tax Withholding For Share Based Compensation———
Payments Of Dividends———
Issuance Of Common Stock20,028,000——
Repurchase Of Common Stock———
Issuance Of Long Term Debt———
Repayment Of Long Term Debt———
Other Financing Activities———
Cash From Financing Activities23,800,000-82,000-7,519,000
Change In Cash8,049,000-12,020,000-181,955,000
Cash At End Of Period31,188,00023,139,00035,159,000
Income Taxes Paid10,0007,000—
Interest Paid1,244,0003,294,0006,000
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Key Metrics
Fiscal Year202420232022
Earnings Per Share-2.71-4.51-1.07
Price To Earnings Ratio-4.5277-0.1599-3.1474
Earnings Growth Rate-39.9113321.4953—
Price Earnings To Growth Ratio0.1134-0.0005—
Book Value Per Share-0.3561.59540.9837
Price To Book Ratio-34.46220.45213.4234
Ebitda-70,563,000-109,492,000-153,890,000
Enterprise Value———
Dividend Yield———
Dividend Payout Ratio———
Debt To Equity Ratio———
Capital Expenditures202,0002,0001,998,000
Free Cash Flow-22,829,000-76,622,000-67,389,000
Return On Equity7.6174-2.8259-1.0878
One Year Beta1.9861.32121.0373
Three Year Beta1.29541.01830.9556
Five Year Beta1.18921.01830.9556
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Insider Transactions
Insider NameRelationship To IssuerTransaction DateAmount Of SecuritiesAcquired Or DisposedSecurities Owned Following Transaction
Twitty StephenDirector2025-09-229,078A9,765
WEIBLING DENNIS MDirector2025-09-1925,000D329,703
GARAGIC DENISCHIEF TECHNOLOGY OFFICER2025-08-2114,809D584,859
Martindale KristiChief Commercial Officer2025-08-216,406D312,236
SONNE STEPHENCHIEF LEGAL OFFICER2025-08-213,236D190,419
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Institutional Holdings
Investor NamePeriod Of ReportMarket ValueAmount Of SecuritiesPrice Per Security
Carnegie Investment Counsel2025-09-30601,30070,0008.59
GRIFFIN ASSET MANAGEMENT, INC.2025-09-30124,81314,5308.59
Cadent Capital Advisors, LLC2025-09-301,494,437173,9748.59
Vontobel Holding Ltd.2025-09-30182,47721,2438.59
Farther Finance Advisors, LLC2025-09-3014,9121,7368.5899
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Mutual Fund Holdings
Registrant NamePeriod Of ReportFund NameFund SymbolAmount Of UnitsValue In UsdPercentage Value Compared To Assets
Global X Funds2025-07-31Global X Russell 2000 ETFRSSL12,888105,423.840.008
ProFunds2025-07-31SMALL-CAP PROFUND SERVICE CLASSSLPSX23188.140.0054
ProFunds2025-07-31SMALL-CAP PROFUND INVESTOR CLASSSLPIX23188.140.0054
ProFunds2025-07-31ULTRASMALL-CAP PROFUND SERVICE CLASSUAPSX2832,314.940.0058
ProFunds2025-07-31ULTRASMALL-CAP PROFUND INVESTOR CLASSUAPIX2832,314.940.0058
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