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Business Summary: Palladyne AI Corp. is a developer of artificial intelligence software for robotic platforms in the industrial and defense sectors. The Company’s advanced artificial intelligence (AI) and machine learning (ML) software seeks to revolutionize the capabilities of robots, enabling them to observe, learn, reason, and act in a manner akin to human intelligence. Its AI and ML software platform empowers robots to perceive variations or changes in the real-world environment, enabling them to autonomously maneuver and manipulate objects accurately in response. The Palladyne AI software solution operates on the edge and reduces the significant effort required to program and deploy robots, enabling industrial robots and collaborative robots (cobots) to achieve autonomous capabilities even in dynamic or complex environments. Its software has various applications, including in industries, such as automotive, aviation, construction, defense, general manufacturing, and others.
Financial Summary: BRIEF: For the nine months ended 30 September 2025, Palladyne AI Corp revenues decreased 49% to $3.6M. Net income totaled $11.5M vs. loss of $19.6M. Revenues reflect Product revenue segment decrease of 100% to $3K, Product development Contract Revenue segment decrease of 18% to $3.6M. Basic Earnings per Share excluding Extraordinary Items increased from -$0.75 to $0.35.