--- title: "PALLADYNE AI CORP C/WTS 24/09/2026 (TO PUR COM) | 10-Q: FY2026 Q1 Revenue: USD 3.538 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285196192.md" datetime: "2026-05-05T11:23:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285196192.md) - [en](https://longbridge.com/en/news/285196192.md) - [zh-HK](https://longbridge.com/zh-HK/news/285196192.md) --- # PALLADYNE AI CORP C/WTS 24/09/2026 (TO PUR COM) | 10-Q: 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. Palladyne AI Corp. operates as a single operating segment, with all financial data reported under this segment . #### Revenue For the three months ended March 31, 2026, total revenue was $3,538 thousand, marking a 107% increase from $1,710 thousand in the prior year period . Product Revenue, primarily from the Palladyne Manufacturing business acquired in November 2025, was $1,691 thousand, with no product revenue in the same period of 2025 . Product Development Contract Revenue decreased by -96% to $67 thousand from $1,710 thousand in the prior year, mainly due to reduced available funding on outstanding contracts . Engineering Services Revenue, entirely from GuideTech acquired in November 2025, amounted to $1,780 thousand, with no such revenue in the prior year period . #### Operational Metrics The company reported a loss from operations of - $11,919 thousand for the three months ended March 31, 2026, compared to a loss of - $6,931 thousand for the same period in 2025 . Net loss was - $12,608 thousand for the three months ended March 31, 2026, a significant change from a net income of $22,759 thousand in the prior year period . Total operating expenses increased by 79% to $15,457 thousand for the three months ended March 31, 2026, from $8,641 thousand in the prior year . Operating expense breakdown: **Cost of Revenue**: Increased by 601% to $2,473 thousand in 2026 from $353 thousand in 2025, primarily due to manufacturing costs from acquired businesses . **Research and Development**: Increased by 36% to $3,905 thousand in 2026 from $2,870 thousand in 2025, mainly due to labor and related expenses for product design, testing, and enhancements . **General and Administrative**: Increased by 64% to $6,877 thousand in 2026 from $4,199 thousand in 2025, primarily due to legal and administrative expenses related to increased activity from the November 2025 acquisitions . **Sales and Marketing**: Increased by 52% to $1,847 thousand in 2026 from $1,219 thousand in 2025, driven by increased marketing program costs . **Intangible Amortization Expense**: Increased to $355 thousand in 2026 from $0 thousand in 2025, attributable to amortization of intangible assets acquired in November 2025 . Total other loss was - $689 thousand for the three months ended March 31, 2026, compared to a gain of $29,690 thousand in the prior year, primarily due to a loss of - $1,046 thousand from changes in the fair value of outstanding warrant liabilities in 2026 versus a gain of $29,248 thousand in 2025 . Net interest income decreased to $325 thousand in 2026 from $442 thousand in 2025 due to decreased invested funds . #### Cash Flow Net cash used in operating activities increased to - $10,239 thousand for the three months ended March 31, 2026, from - $7,516 thousand in the same period of 2025 . Net cash provided by investing activities shifted to $3,313 thousand in 2026, compared to net cash used of - $27,545 thousand in 2025, mainly due to $3,200 thousand of maturities, net of purchases, of marketable securities in 2026 . Net cash provided by financing activities decreased to $6,561 thousand in 2026 from $13,933 thousand in 2025, primarily due to lower net proceeds from the sale of Common Stock . The net decrease in cash and cash equivalents was - $365 thousand in 2026 compared to - $21,128 thousand in 2025 . #### Unique Metrics As of March 31, 2026, cash, cash equivalents, and marketable securities totaled $43.7 million, down from $47.1 million as of December 31, 2025 . The accumulated deficit stood at approximately - $493.4 million, and working capital amounted to $43.9 million . Backlog was $17.3 million, with $17.0 million funded and $0.3 million unfunded, expected to be recognized over the next 12 months . The total estimated contract value was $23.4 million . #### Outlook and Strategy Palladyne AI Corp. anticipates continued losses and negative cash flows from operations in the near term as it focuses on product enhancement, development, and market expansion . The company believes it has sufficient financial resources for at least the next 12 months but may seek additional financing opportunistically . The strategy involves leveraging recent acquisitions to expand its product portfolio and services while prioritizing AI/ML Foundational Technology and related products to manage cash usage . ### Related Stocks - [PDYNW.US](https://longbridge.com/en/quote/PDYNW.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Keysight Technologies Reports Second Quarter 2026 Results | KEYS Stock News](https://longbridge.com/en/news/286959830.md) - [Prairie Operating Co. 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