(PDYN) Palladyne AI - NASDAQ
Sector: Technology | Industry: Software - Infrastructure | Exchange: NASDAQ (USA) | Market Cap: 324m USD | Total Return: -18.9% in 12m
Avg Turnover: 16.9M
Qual. Beats: 0
Rev. Trend: -73.9%
Qual. Beats: -1
Warnings
Share dilution 66.5% YoY
Beneish M-Score 1.00 > -1.5 - likely earnings manipulation
Altman Z'' -13.43 < 1.0 - financial distress zone
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Palladyne AI Corp. (PDYN) specializes in developing software that enables robotic systems to operate autonomously in unstructured environments. The companys core technology focuses on real-time edge processing, allowing industrial robots and unmanned aerial vehicles (UAVs) to learn and adapt to changing conditions without reliance on cloud-based latency or extensive manual programming.
The company’s product suite includes Palladyne IQ for industrial cobots and Palladyne Pilot for multi-drone situational awareness. This business model positions Palladyne within the rapidly evolving embodied AI sector, which integrates machine learning directly into physical hardware to bridge the gap between digital intelligence and physical task execution.
Following its rebranding from Sarcos Technology and Robotics Corporation in early 2024, the firm has pivoted toward software-centric solutions for the defense, aerospace, and energy industries. You may find it useful to evaluate the companys long-term valuation metrics on ValueRay.
Headquartered in Salt Lake City, Utah, Palladyne AI Corp. operates within the Electronic Equipment & Instruments industry. As automation demand grows, companies in this sector are increasingly prioritized for their ability to reduce labor costs and improve safety in hazardous industrial environments.
- Expansion of defense sector contracts for autonomous UAV and surveillance applications
- Commercial adoption of Palladyne IQ software within industrial manufacturing and aerospace
- Transition to software-centric business model reduces capital expenditures and hardware overhead
- Ability to deliver real-time edge processing without cloud latency dependencies
- Successful integration of multi-modal sensor fusion across collaborative robotic platforms
| Net Income: -25.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.21 > 0.02 and ΔFCF/TA 39.76 > 1.0 |
| NWC/Revenue: 621.0% < 20% (prev 778.3%; Δ -157.3% < -1%) |
| CFO/TA -0.33 > 3% & CFO -30.4m > Net Income -25.3m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 7.85 > 1.5 & < 3 |
| Outstanding Shares: last quarter (45.1m) vs 12m ago 66.52% < -2% |
| Gross Margin: 32.00% > 18% (prev 67.71%; Δ -35.71% > 0.5%) |
| Asset Turnover: 9.08% > 50% (prev 9.57%; Δ -0.49% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.47 (Total Current Assets 50.3m - Total Current Liabilities 6.42m) / Total Assets 92.6m |
| B: -5.33 (Retained Earnings -493.4m / Total Assets 92.6m) |
| C: -0.36 (EBIT TTM -27.9m / Avg Total Assets 77.9m) |
| D: 3.09 (Book Value of Equity 69.9m / Total Liabilities 22.6m) |
| Altman-Z'' = -13.43 = D |
| DSRI: 1.87 (Receivables 4.21m/1.93m, Revenue 7.07m/6.05m) |
| GMI: 2.12 (GM 67.71% / 32.00%) |
| AQI: 42.31 (AQ_t 0.27 / AQ_t-1 0.01) |
| SGI: 1.17 (Revenue 7.07m / 6.05m) |
| TATA: 0.05 (NI -25.3m - CFO -30.4m) / TA 92.6m) |
| Beneish M = 23.32 (Cap -4..+1) = D |
As of June 19, 2026, the stock is trading at USD 7.00 with a total of 4,665,327 shares traded.
Over the past week, the price has changed by +12.44%,
over one month by +12.62%,
over three months by +2.81% and
over the past year by -18.88%.
Palladyne AI has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy PDYN.
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 11.3 | 60.7% |
P/E Forward = 714.2857
P/S = 45.7482
P/B = 4.3315
Revenue TTM = 7.07m USD
EBIT TTM = -27.9m USD
EBITDA TTM = -26.3m USD
Long Term Debt = 9.45m USD (estimated: total debt 10.5m - short term 1.08m)
Short Term Debt = 1.08m USD (from shortTermDebt, last quarter)
Debt = 10.5m USD (from shortLongTermDebtTotal, last quarter) (leases 10.5m already included)
Net Debt = -33.1m USD (calculated: Debt 10.5m - CCE 43.7m)
Enterprise Value = 290.5m USD (323.6m + Debt 10.5m - CCE 43.7m)
Interest Coverage Ratio = unknown (Ebit TTM -27.9m / Interest Expense TTM 0.0)
EV/FCF = -14.69x (Enterprise Value 290.5m / FCF TTM -19.8m)
FCF Yield = -6.81% (FCF TTM -19.8m / Enterprise Value 290.5m)
FCF Margin = -279.6% (FCF TTM -19.8m / Revenue TTM 7.07m)
Net Margin = -358.0% (Net Income TTM -25.3m / Revenue TTM 7.07m)
Gross Margin = 32.00% ((Revenue TTM 7.07m - Cost of Revenue TTM 4.81m) / Revenue TTM)
Gross Margin QoQ = 30.10% (prev 15.59%)
Tobins Q-Ratio = 3.14 (Enterprise Value 290.5m / Total Assets 92.6m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 10.5m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -22.0m (EBIT -27.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 6.73 (Total Current Assets 50.3m / Total Current Liabilities 7.48m)
Debt / Equity = 0.15 (Debt 10.5m / totalStockholderEquity, last quarter 69.9m)
Debt / EBITDA = 1.26 (negative EBITDA) (Net Debt -33.1m / EBITDA -26.3m)
Debt / FCF = 1.68 (negative FCF - burning cash) (Net Debt -33.1m / FCF TTM -19.8m)
Total Stockholder Equity = 62.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -32.50% (Net Income -25.3m / Total Assets 92.6m)
RoE = -40.48% (Net Income TTM -25.3m / Total Stockholder Equity 62.6m)
RoCE = -38.70% (EBIT -27.9m / Capital Employed (Equity 62.6m + L.T.Debt 9.45m))
RoIC = -25.34% (negative operating profit) (NOPAT -22.0m / Invested Capital 86.9m)
WACC = 13.19% (E(323.6m)/V(334.2m) * Re(13.62%) + D(10.5m)/V(334.2m) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 13.62% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 94.39 | Cagr: 27.97%
[DCF] Fair Price = unknown (Cash Flow -19.8m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.07 | # QB: 0
Revenue Correlation: -73.88 | Revenue CAGR: -25.41% | SUE: -0.86 | # QB: -1
EPS current Quarter (2026-06-30): EPS=-0.24 | Chg30d=+0.00% | Revisions=-20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=-0.22 | Chg30d=+0.00% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=-0.94 | Chg30d=+0.00% | Revisions=-33% | GrowthEPS=-489.6% | GrowthRev=+369.8%
EPS next Year (2027-12-31): EPS=-0.71 | Chg30d=+0.00% | Revisions=-33% | GrowthEPS=+24.1% | GrowthRev=+67.1%
[Analyst] Revisions Ratio: -33%