---
title: "PALLADYNE AI CORP C/WTS 24/09/2026 (TO PUR COM) | 8-K: FY2026 Q1 Revenue: USD 3.538 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285195616.md"
datetime: "2026-05-05T11:19:55.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285195616.md)
  - [en](https://longbridge.com/en/news/285195616.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285195616.md)
---

# PALLADYNE AI CORP C/WTS 24/09/2026 (TO PUR COM) | 8-K: FY2026 Q1 Revenue: USD 3.538 M

Revenue: As of FY2026 Q1, the actual value is USD 3.538 M.

EPS: As of FY2026 Q1, the actual value is USD -0.28.

EBIT: As of FY2026 Q1, the actual value is USD -12.24 M.

### Financial Highlights for Q1 2026 (vs. Q1 2025)

#### Revenue

Revenue increased 107% year-over-year to $3.5 million in Q1 2026, compared to $1.7 million in Q1 2025.

#### Operational Metrics

-   **Operating Loss**: The operating loss was -$11.9 million in Q1 2026, compared to -$6.9 million in Q1 2025.
-   **GAAP Net Loss**: GAAP net loss was -$12.6 million in Q1 2026, compared to GAAP net income of $22.8 million in Q1 2025.
-   **Non-GAAP Net Loss**: Non-GAAP net loss was -$10.2 million in Q1 2026, compared to -$5.3 million in Q1 2025.
-   **Cost of Revenue**: Cost of revenue was $2.473 million in Q1 2026, up from $0.353 million in Q1 2025.
-   **Total Operating Expenses**: Total operating expenses amounted to $15.457 million in Q1 2026, an increase from $8.641 million in Q1 2025.
    -   Research and development expenses were $3.905 million in Q1 2026, compared to $2.870 million in Q1 2025.
    -   General and administrative expenses were $6.877 million in Q1 2026, compared to $4.199 million in Q1 2025.
    -   Sales and marketing expenses were $1.847 million in Q1 2026, compared to $1.219 million in Q1 2025.
    -   Intangible amortization expense was $0.355 million in Q1 2026, with no comparable expense in Q1 2025.

#### Cash Flow

-   **Net Cash Used in Operating Activities**: Net cash used in operating activities was -$10.239 million in Q1 2026, compared to -$7.516 million in Q1 2025.

#### Unique Metrics

-   **Backlog**: The backlog was approximately $17 million as of March 31, 2026, which includes approximately $7 million in new contract awards during the quarter, net of revenue recognized.
-   **Cash, Cash Equivalents and Marketable Securities**: These totaled $43.7 million as of March 31, 2026, down from $47.1 million as of December 31, 2025.
-   **Non-cash Loss on Warrant Liabilities**: A non-cash loss of $1.0 million was recorded for warrant liabilities in Q1 2026, contrasting with a $29.2 million non-cash gain in Q1 2025.

#### Outlook / Guidance

Palladyne AI reiterates its full-year 2026 revenue guidance of $24 million to $27 million, expecting 357% to 415% year-over-year growth compared to 2025 revenue. The company anticipates revenue to be back-end weighted, with sequential growth each quarter and acceleration in the second half of the year. Consolidated quarterly operating cash usage is projected to be approximately $8 million to $9 million, on average, for the full year 2026.

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