Quarterly ResultAug 6, 2026, 07:03 AM
Palladyne AI Q2 Revenue Up 470% to $5.78M; Net Loss $(12.33)M
AI Summary
Palladyne AI Corp. reported a significant increase in revenue for Q2 2026, reaching $5.78 million, up 470% year-over-year. However, the company's net loss widened to $(12.33) million for the quarter and $(24.93) million for the first six months of 2026, a substantial shift from a net income of $15.27 million in the prior year period. The company continues to experience negative cash flows from operations and has an accumulated deficit of $505.7 million, though it believes it has sufficient financial resources for the next 12 months.
Key Highlights
- Q2 2026 revenue increased 470% to $5.78 million compared to $1.02 million in Q2 2025.
- Q2 2026 net loss widened to $(12.33) million from $(7.49) million in Q2 2025.
- H1 2026 net loss was $(24.93) million, a significant shift from $15.27 million net income in H1 2025.
- Basic EPS for H1 2026 was $(0.55), compared to $0.42 in H1 2025.
- Cash and cash equivalents rose to $33.77 million as of June 30, 2026, from $18.22 million at year-end 2025.
- Net cash used in operating activities for H1 2026 increased to $(20.40) million.
- Accumulated deficit reached $505.7 million as of June 30, 2026.
- Backlog stood at $24.6 million as of June 30, 2026.
Price Impact
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