Palladyne AI Q2 2023 Earnings Report

Palladyne AI EPS Results

• Actual EPS: -$0.94
• Consensus EPS: -$0.78
• Beat/Miss: Missed by -$0.16
• One Year Ago EPS: N/A

Palladyne AI Revenue Results

• Actual Revenue: $1.28 million
• Expected Revenue: $2.10 million
• Beat/Miss: Missed by -$820.00 thousand
• YoY Revenue Growth: N/A

Palladyne AI Announcement Details

• Quarter: Q2 2023
• Date: 8/9/2023
• Time: N/A

Palladyne AI (NASDAQ:PDYN), a software company, focuses on delivering software that enhances the utility and functionality of third-party stationary and mobile robotic systems in the United States. Its Artificial Intelligence (AI)/ Machine Learning (ML) software platform enables robots to observe, learn, reason, and act in structured and unstructured environments. The company's software platform enables robotic systems to perceive their environment and quickly adapt to changing circumstances by generalizing from their experience using dynamic real-time operations without extensive programming and with minimal robot training. It serves customers from various industries, such as industrial manufacturing, warehousing and logistics, defense, infrastructure maintenance and repair, energy, aerospace and aviation, and others. The company was formerly known as Sarcos Technology and Robotics Corporation and changed its name to Palladyne AI Corp. in March 2024. Palladyne AI Corp. was founded in 2017 and is headquartered in Salt Lake City, Utah.