Palladyne AI forecasts Q2 revenue about $5.8 million

• Palladyne AI expects to recognize a majority of its roughly $24 million backlog as revenue over the next 12 to 18 months.
• The backlog was about $24 million as of June 30, up from $17.3 million at March 31, reflecting about $12.5 million of new contracts net of revenue recognized.
• The company posted preliminary second-quarter revenue of about $5.8 million, up about 480% from $1 million a year earlier.
• Cash, cash equivalents, and marketable securities were about $44 million at June 30, roughly flat versus March 31.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Palladyne Ai Corp. published the original content used to generate this news brief on July 08, 2026, and is solely responsible for the information contained therein.