Palladyne AI Raises Full-Year Revenue Guidance Following Record Q3 Results
Palladyne AI Corp. (PDYN) reported record third-quarter revenue of $8.6 million, driven by strong performance in its core segments. Following these results, CEO Benjamin Wolff announced that the company is raising the lower end of its full-year revenue guidance to a range of $25 million to $27 million. The company's growth is supported by high ratings for its SwarmOS platform from the U.S. Army and an expanding distribution channel through Fanuc. These developments signal increasing adoption of Palladyne's AI-driven autonomy software within both defense and industrial automation sectors.
Tickers: $PDYN
Topics: earnings report guidance upgrade revenue growth
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