Palladyne AI Corp.

NasdaqGM:PDYN Stock Report

Market Cap: US$302.6m

Palladyne AI Management

Management criteria checks 3/4

Palladyne AI's CEO is Ben Wolff, appointed in Feb 2024, has a tenure of 2.33 years. total yearly compensation is $3.36M, comprised of 0.3% salary and 99.7% bonuses, including company stock and options. directly owns 6.24% of the company’s shares, worth $18.87M. The average tenure of the management team and the board of directors is 2.3 years and 8.7 years respectively.

Key information

Ben Wolff

Chief executive officer

US$3.4m

Total compensation

CEO salary percentage0.30%
CEO tenure2.3yrs
CEO ownership6.2%
Management average tenure2.3yrs
Board average tenure8.7yrs

Recent management updates

Recent updates

Seeking Alpha • May 28

Palladyne AI: Autonomy And The 'Relentless Wolfpack'

Summary Palladyne AI is transitioning from an AI software innovator to a vertically integrated defense contractor, leveraging recent acquisitions and major DoD partnerships. PDYN expects 2026 revenues of $24–27 million, with recent contracts and a $17 million backlog supporting sequential quarterly growth, though profitability is unlikely before 2030. The company’s edge-AI and swarm autonomy platforms have secured significant wins, including US Navy and Air Force contracts, positioning PDYN to benefit from long-term defense modernization tailwinds. While near-term risks remain—competitive pressures, delayed profitability, and shareholder dilution—PDYN at $6.40 offers multiyear upside for investors with a long-term horizon. Read the full article on Seeking Alpha
Analysis Article • Oct 21

Companies Like Palladyne AI (NASDAQ:PDYN) Are In A Position To Invest In Growth

We can readily understand why investors are attracted to unprofitable companies. For example, Palladyne AI...
Analysis Article • Sep 23

Calculating The Intrinsic Value Of Palladyne AI Corp. (NASDAQ:PDYN)

Key Insights The projected fair value for Palladyne AI is US$9.80 based on 2 Stage Free Cash Flow to Equity Current...
Analysis Article • Jul 04

Here's Why We're Not Too Worried About Palladyne AI's (NASDAQ:PDYN) Cash Burn Situation

Just because a business does not make any money, does not mean that the stock will go down. For example, Palladyne AI...
Seeking Alpha • Apr 25

Palladyne AI: At The Nexus Of Autonomy, Reshoring, And Drone War

Summary PDYN's two divisions --Palladyne IQ and Palladyne Pilot-- should both see impressive demand, especially in industrial robotics and military drone operations. Despite its amazing technology and partnerships, the firm's financials show significant losses and liabilities, with profitability not expected for at least two years. Investors should wait for clearer revenue visibility and commercial uptake before committing capital, as the company's future (though bright) is still highly speculative. Read the full article on Seeking Alpha
Analysis Article • Feb 22

Here's Why We're Not Too Worried About Palladyne AI's (NASDAQ:PDYN) Cash Burn Situation

We can readily understand why investors are attracted to unprofitable companies. By way of example, Palladyne AI...
Seeking Alpha • Feb 18

Palladyne AI: Revolutionizing Robotics With AI

Summary 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. Financial projections estimate FY26E sales at $17.6 million, with significant YoY growth, improving EBITDA margins, and a P/S valuation justifying a $15 target price. Read the full article on Seeking Alpha
Seeking Alpha • Dec 27

Palladyne AI's Red Cat Partnership: A Catalyst For Growth In Military Robotics

Summary 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. I rate PDYN a “Buy” due to the long-term potential of its strategic partnership with RCAT and anticipated adoption in military applications. Read the full article on Seeking Alpha
Analysis Article • Feb 01

Risks Still Elevated At These Prices As Sarcos Technology and Robotics Corporation (NASDAQ:STRC) Shares Dive 25%

The Sarcos Technology and Robotics Corporation ( NASDAQ:STRC ) share price has softened a substantial 25% over the...
Analysis Article • Nov 16

Potential Upside For Sarcos Technology and Robotics Corporation (NASDAQ:STRC) Not Without Risk

There wouldn't be many who think Sarcos Technology and Robotics Corporation's ( NASDAQ:STRC ) price-to-sales (or "P/S...
Analysis Article • May 16

Newsflash: Sarcos Technology and Robotics Corporation (NASDAQ:STRC) Analysts Have Been Trimming Their Revenue Forecasts

Market forces rained on the parade of Sarcos Technology and Robotics Corporation ( NASDAQ:STRC ) shareholders today...
Analysis Article • May 14

Sarcos Technology and Robotics Corporation (NASDAQ:STRC) Just Reported And Analysts Have Been Cutting Their Estimates

Sarcos Technology and Robotics Corporation ( NASDAQ:STRC ) just released its latest first-quarter report and things are...
Analysis Article • Mar 22

What You Need To Know About The Sarcos Technology and Robotics Corporation (NASDAQ:STRC) Analyst Downgrade Today

Today is shaping up negative for Sarcos Technology and Robotics Corporation ( NASDAQ:STRC ) shareholders, with the...
Seeking Alpha • Feb 03

Sarcos Technology and Robotics: A Player In The Fourth Industrial Revolution

Sarcos Technology and Robotics is a tech company that specializes in building robotics and other high-precision machines. Sarcos recently went public when the company announced a SPAC merger with Rotor Acquisition Corporation in September 2021. The company will face its first fiscal year of trading with various speculation on how fast it will grow and generate profit.

CEO Compensation Analysis

How has Ben Wolff's remuneration changed compared to Palladyne AI's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-US$25m

Dec 31 2025US$3mUS$10k

US$10m

Sep 30 2025n/an/a

-US$41m

Jun 30 2025n/an/a

-US$45m

Mar 31 2025n/an/a

-US$43m

Dec 31 2024US$598kUS$229k

-US$73m

Sep 30 2024n/an/a

-US$56m

Jun 30 2024n/an/a

-US$78m

Mar 31 2024n/an/a

-US$101m

Dec 31 2023US$571kUS$75k

-US$116m

Sep 30 2023n/an/a

-US$171m

Jun 30 2023n/an/a

-US$165m

Mar 31 2023n/an/a

-US$159m

Dec 31 2022US$1mUS$337k

-US$157m

Sep 30 2022n/an/a

-US$99m

Jun 30 2022n/an/a

-US$113m

Mar 31 2022n/an/a

-US$96m

Dec 31 2021US$53mUS$396k

-US$82m

Sep 30 2021n/an/a

-US$51m

Jun 30 2021n/an/a

-US$21m

Mar 31 2021n/an/a

-US$21m

Dec 31 2020US$518kUS$164k

-US$21m

Compensation vs Market: Ben's total compensation ($USD3.36M) is about average for companies of similar size in the US market ($USD2.63M).

Compensation vs Earnings: Ben's compensation has increased whilst the company is unprofitable.

CEO

Ben Wolff (57 yo)

2.3yrs
Tenure
US$3,355,094
Compensation

Mr. Benjamin G. Wolff, also known as Ben, serves as Advisor at Westriver Management, LLC. He has been an Independent Director at Globalstar, Inc. since December 2018. He is Co-Founder of Palladyne AI Corp....

Leadership Team

NamePositionTenureCompensationOwnership
Benjamin Wolff
Co-Founder2.3yrsUS$3.36m6.24%
$ 18.9m
Denis Garagic
Co- Founder & CTO6.4yrsUS$1.25m1.19%
$ 3.6m
Steve Sonne
Chief Legal Officer & Secretary4.4yrsUS$886.18k0.17%
$ 522.7k
Matthew Muta
President of Commercial & Industrialless than a yearUS$184.11k0.094%
$ 283.0k
Trevor Thatcher
Chief Financial Officer2.3yrsno data0.11%
$ 343.1k
Kristi Martindale
Chief Commercial Officer2.3yrsUS$291.66k0.65%
$ 2.0m
Doug Dynes
President of Palladyne Defenseless than a yearno datano data
Kevan Johnston
President of Palladyne Manufacturingless than a yearno datano data
James Cook
President of GuideTechless than a yearno datano data
2.3yrs
Average Tenure
56.5yo
Average Age

Experienced Management: PDYN's management team is considered experienced (2.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Benjamin Wolff
Co-Founder11.4yrsUS$3.36m6.24%
$ 18.9m
Brian Finn
Independent Director5.8yrsUS$183.73k1.82%
$ 5.5m
Dennis Weibling
Independent Non-Executive Chairman4.8yrsUS$210.86k1.89%
$ 5.7m
William Owens
Member of Strategic Advisory Board11.1yrsno datano data
Paul Gorman
Member of Strategic Advisory Boardno datano datano data
Eric Olson
Independent Director4.8yrsUS$184.13k0.094%
$ 283.0k
George Casey
Member of Advisory Board8.7yrsno datano data
Edward Davis
Member of Strategic Advisory Board10.9yrsno datano data
David Dunaway
Member of Strategic Advisory Board9.6yrsno datano data
Michael Young
Independent Director1.3yrsUS$260.20k0.018%
$ 53.2k
William Fraser
Member of Strategic Advisory Boardno datano datano data
Stephen Lanza
Member of Strategic Advisory Boardno datano datano data
8.7yrs
Average Tenure
71.5yo
Average Age

Experienced Board: PDYN's board of directors are considered experienced (8.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 10:12
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Palladyne AI Corp. is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brian KinstlingerAlliance Global Partners
Robert MasonBaird
Gregory KonradJefferies LLC