Why Palladyne AI Shares Are Soaring
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Palladyne AI shares surged 10.53% to $6.94 after the company raised its 2026 revenue guidance to $24 million to $27 million, indicating a growth of 336% to 440% from 2025's projected revenue of $5 million to $5.5 million. This increase is attributed to the integration of recent acquisitions and strong customer demand, with a backlog of over $13 million expected to convert into revenue within the next year. The company reported $47 million in cash reserves to support operations and growth initiatives.
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