Find out why Zacks has given PDYN a "Neutral" rating, being the first on Wall Street to initiate coverage on the stock. Explore how defense traction, AI innovation and strong liquidity are balanced against commercialization risks and competitive pressure.
SALT LAKE CITY--(BUSINESS WIRE)--Palladyne AI Corp. (NASDAQ: PDYN and PDYNW) (“Palladyne AI”), a developer of artificial intelligence software for robotic platforms in the defense and commercial sectors, today announced that the Compensation Committee of Palladyne AI's Board of Directors approved employee equity awards under its 2021 Equity Incentive Plan or its 2024 Inducement Equity Incentive Plan (the “2024 Inducement Plan”), as applicable. The total number of shares subject to the newly gra.
SALT LAKE CITY--(BUSINESS WIRE)--Palladyne AI Corp. (NASDAQ: PDYN and PDYNW) (“Palladyne AI”), a developer of artificial intelligence software for robotic platforms in the defense and commercial sectors, today announced that the Company has been selected for participation at TE25-2: Collaborative Autonomy Integration, hosted by the U.S. Special Operations Command (USSOCOM) Technical Experimentation Team and taking place from April 14-17, 2025, at Avon Park Air Force Range in Avon Park, FL. Pall.
SALT LAKE CITY--(BUSINESS WIRE)--Palladyne AI Corp. (NASDAQ: PDYN and PDYNW) (“Palladyne AI”), a developer of artificial intelligence software for robotic platforms in the industrial and defense sectors, today announced key business and financial achievements for 2024 in conjunction with the filing of its 2024 Annual Report on Form 10-K. Full Year 2024 Highlights and Recent Developments Substantially improved balance sheet, with $40.1 million cash, cash equivalents and marketable securities on.
PDYN's AI/ML software products, Palladyne IQ and Palladyne Pilot, have strong growth prospects across diverse industries, justifying a Buy rating with a $15 target price. Palladyne IQ targets stationary industrial robots, while Palladyne Pilot focuses on mobile platforms like drones, with both nearing commercialization and generating government contract revenues. The partnership with Red Cat boosts Palladyne Pilot, embedding it in Teal drones and enhancing its market reach, especially with the US Army's SRR Program.
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Palladyne AI Corp. develops adaptive robots using its Palladyne IQ AI Software platform, suitable for manufacturing, commercial, and defense UAVs. Its Palladyne Pilot software enables UAVs and robotic systems to respond autonomously without depending on external computations. A partnership with Red Cat means Palladyne Pilot could become the standard for Teal drones under the U.S. Army's SRR Program.
SALT LAKE CITY--(BUSINESS WIRE)--Palladyne AI Corp. (NASDAQ: PDYN and PDYNW) (“Palladyne AI”), a developer of artificial intelligence software for robotic and unmanned platforms in the industrial and defense sectors, today announced that its Palladyne™️ Pilot AI software platform has achieved a key developmental milestone with the successful first flight of a third-party small drone that demonstrated the ability to identify and prioritize terrestrial targets of interest and then interface with.
SALT LAKE CITY--(BUSINESS WIRE)--Palladyne AI Corp. (NASDAQ: PDYN) (NASDAQ: PDYNW) (“Palladyne AI”), a developer of artificial intelligence software for robotic platforms in the commercial and defense sectors, today announced that it has completed Phase I of its previously announced multi-million-dollar contract with the Air Logistics Complex at Warner Robins Air Force Base in Georgia. Phase II will continue integration and use case validation of Palladyne IQ software for use in remediation act.
SALT LAKE CITY--(BUSINESS WIRE)--Red Cat and Palladyne AI Partner to Embed Artificial Intelligence into Teal Drones to Enable Autonomous Operation.
NEW YORK, NY / ACCESSWIRE / September 10, 2024 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who own Palladyne AI Corp. ("PDYN" or the "Company") (NASDAQ:PDYN) stock purchased prior to September 10, 2021. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of Rotor Acquisition Corp. (ROT) by Sarcos Corp. (STRC).