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Palladyne AI reports Q2 revenue of $5.8M, cash of $44.0M and backlog of $24.0M

PDYNPalladyne AI Corp.

Palladyne AI Corp. announced preliminary unaudited financial results for the second quarter ended June 30, 2026, expecting approximately $5.8 million in total revenue, $44.0 million in cash, cash equivalents and marketable securities, and a backlog of $24.0 million. The company is an artificial intelligence software and hardware solutions provider for industrial automation and industrial robotics.

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