---
title: "Palladyne AI | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 3.538 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285195620.md"
datetime: "2026-05-05T11:19:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285195620.md)
  - [en](https://longbridge.com/en/news/285195620.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285195620.md)
---

# Palladyne AI | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 3.538 M

Revenue: As of FY2026 Q1, the actual value is USD 3.538 M, missing the estimate of USD 4.931 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.

#### Operational Metrics

-   **Operating Loss:** Palladyne AI Corp.’s operating loss for Q1 2026 was -$11.9 million, compared to -$6.9 million in Q1 2025, reflecting a full quarter of operating expenses from businesses acquired in November 2025 and continued investment.
-   **GAAP Net Loss/Income:** The company reported a GAAP net loss of -$12.6 million in Q1 2026, a shift from a GAAP net income of $22.8 million in the prior year period.
-   **Non-GAAP Net Loss:** The non-GAAP net loss was -$10.2 million in Q1 2026, compared to -$5.3 million in Q1 2025.
-   **Operating Expenses (Q1 2026 vs. Q1 2025, in thousands):**
    -   Cost of revenue: $2,473 vs. $353.
    -   Research and development: $3,905 vs. $2,870.
    -   General and administrative: $6,877 vs. $4,199.
    -   Sales and marketing: $1,847 vs. $1,219.
    -   Intangible amortization expense: $355 vs. $0.
    -   Total operating expenses: $15,457 vs. $8,641.

#### Cash Flow

-   **Net Cash Used in Operating Activities:** For the three months ended March 31, 2026, net cash used in operating activities was -$10,239 thousand, compared to -$7,516 thousand in the same period of 2025.

#### Unique Metrics

-   **Cash, Cash Equivalents and Marketable Securities:** As of March 31, 2026, these totaled $43.7 million, down from $47.1 million as of December 31, 2025.
-   **Backlog:** The backlog as of March 31, 2026, was approximately $17 million, which includes approximately $7 million in new contract awards during the quarter, net of recognized revenue.

#### Outlook / Guidance

Palladyne AI Corp. reiterates its full-year 2026 revenue guidance of $24 million to $27 million, representing an expected year-over-year growth of approximately 357% to 415% compared to 2025 revenue of $5.2 million. The company anticipates revenue to be back-end weighted, with sequential growth each quarter accelerating in the second half as backlog converts and commercial deployments expand. A majority of the $17 million backlog as of March 31, 2026, is expected to be recognized as revenue over the next 12-18 months, and quarterly operating cash usage is projected to average $8 million to $9 million for the full year 2026.

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