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The following discussion should be read in conjunction with the information about us contained elsewhere in this Report, including the information set forth in our consolidated financial statements and the related notes. We use the terms "Palladyne AI," "the Company," "we," "us," and "our" to refer to Palladyne AI Corp.
The business is unprofitable at the operating level (-617.69% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 30.1% YoY. Margins deteriorated 258.8pp alongside, both lines moving the wrong way.
Negative free cash flow of -$28M. The business is consuming cash, not generating it. Operating margin contracted 258.8pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$7M
▼ -30.1% YoY
Net Income (TTM)
-$25M
▲ +113.8% YoY
Op. Margin
-528.58%
▼ -258.8pp YoY
ROIC
-40.31%
▲ +13.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$31M
▼ -23.8% YoY
Op. Cash Flow (TTM)
-$30M
▼ -22.1% YoY
Net Debt
-$33M
Net Cash Position
Cash & Equiv.
$44M
5Y CAGR: -9.9%
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