Palladyne AI Corp 8-K, filed Nov 17, 2025
Palladyne AI Corp. (PDYN)
About this 8-K
Palladyne AI Corp filed this 8-K on November 17, 2025.
Items reported
- Item 7.01: Regulation FD disclosure
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 7.01 Regulation FD Disclosure.
On November 17, 2025, Palladyne AI Corp. (the "Company") posted on the investor relations page of its website at www.palladayneai.com an investor presentation furnished as Exhibit 99.1 to this Current Report on Form 8-K (the "Investor Deck") and incorporated herein by reference. This presentation is expected to be used by the Company in connection with certain future presentations to investors and others. The information contained in the Investor Deck is summary information and contains forward-looking statements that are subject to risks and uncertainties, including those set forth in the Company’s filings with the Securities and Exchange Commission (the “SEC”). The information in the Investor Deck is as of November 17, 2025, except for information that is specifically identified as being as of an earlier date. The Company undertakes no obligation to publicly update or revise the information contained in the Investor Deck or this Item 7.01, except as required by law, although it may do so from time to time. Any such updating may be made through the filing of other reports or documents with the SEC, press releases, disclosure on the Company’s website or other means of public disclosure.
The Company announces material information to the public through a variety of means, including filings with the Securities and Exchange Commission, public conference calls, the Company’s website (https://www.palladyneai.com/), its investor relations website (https://investor.palladyneai.com/), and its news site (https://www.palladyneai.com/press/). The Company uses these channels, as well as its social media, including its X (@PalladyneAI) and LinkedIn accounts (https://www.linkedin.com/company/palladyneaicorp/), to communicate with investors and the public news and developments about the Company, its products and other matters. Therefore, the Company encourages investors, the media, and others interested in the Company to review the information it makes public in these locations, as such information could be deemed to be material information. The information that can be accessed through hyperlinks or website addresses included in this Current Report on Form 8-K and Exhibit 99.1 attached hereto is deemed not to be incorporated in or part of this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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99.1 |
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Cover Page Interactive Data File (formatted as Inline XBRL) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Palladyne AI Corp. |
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November 17, 2025 |
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/s/ Stephen Sonne |
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Stephen Sonne |
America’s Cross-Domain Force Multiplier™ NASDAQ: PDYN / November 2025 Exhibit 99.1
Disclaimer This presentation and any related oral statements contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, statements regarding Palladyne AI’s business strategy, projections of market opportunity, anticipated benefits of its technologies, plans and objectives for future operations and offerings, Palladyne AI’s product development, expected features, benefits and use cases of Palladyne AI’s foundational technology and products, expectations and timing related to commercial product launches, and the potential success of Palladyne AI’s strategy. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “expect,” “plan,” anticipate,” “believe,” “estimate,” “predict,” “intend,” “potential,” “would,” “continue,” “ongoing” or the negative of these terms or other comparable terminology. Such forward-looking statements involve risks, uncertainties and assumptions that may cause actual events, results, or performance to differ materially from those indicated by such statements. Certain of these risks and uncertainties are set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Palladyne AI’s filings with the Securities and Exchange Commission (the “SEC”) from time to time which are available, free of charge, at the SEC’s website at www.sec.gov. In addition, statements that “we believe” and similar statements reflect Palladyne AI’s beliefs and opinions on the relevant subject. These statements are based upon information available to Palladyne AI as of the date of this presentation, and although Palladyne AI believes such information forms a reasonable basis for such statements, such information may be limited or incomplete, and Palladyne AI’s statements should not be read to indicate that Palladyne AI has conducted a thorough inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and readers are cautioned not to unduly rely upon these statements. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by Palladyne AI or any other person that Palladyne AI will achieve its objectives and plans in any specified time frame, or at all. Except as required by law, Palladyne AI assumes no obligation and does not intend to update any forward-looking statements or to conform these statements to actual results or changes in Palladyne AI’s expectations. This presentation may also contain estimates and other statistical data made by independent parties and by Palladyne AI relating to market size and growth and other industry data. These data involve a number of assumptions and limitations and is subject to change. You are cautioned not to give undue weight to such estimates. Palladyne AI has not independently verified the statistical and other industry data generated by independent parties and contained in this presentation and, accordingly, cannot guarantee their accuracy or completeness. In addition, any projections, assumptions and estimates of Palladyne AI’s future performance and the future performance of the markets in which it competes are necessarily subject to a high degree of uncertainty and risk due to a variety of factors. These and other factors could cause results or outcomes to differ materially from those expressed in the estimates made by the independent parties and by Palladyne AI. The products described in this presentation are subject to trade controls, including but not limited to the U.S. Export Administration Regulations (“EAR”) and/or the International Traffic in Arms Regulations (“ITAR”). Information in this presentation is meant for background purposes only, and availability of the products and/or capabilities described herein is subject to U.S. Government authorization. This presentation does not contain any National Security Information, Restricted Data, or other sensitive information subject to disclosure controls under the National Industrial Security Program Operating Manual (“NISPOM,” codified at 32 CFR Part 117). Any use of the term “confidential” in this document is meant to indicate the presence of information of a business-sensitive or proprietary nature; it is not meant to be construed consistent with the term’s definition and associated safeguarding requirements set forth in the NISPOM. By attending or receiving this presentation you acknowledge that you will be solely responsible for your own assessment of the market and our market position and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of our business. Palladyne AI announces material information to the public through a variety of means, including filings with the SEC, public conference calls, Palladyne AI’s website (www.palladyneai.com), its investor relations website (https://investor.palladyneai.com/), and its news site (https://www.palladyneai.com/press/). Palladyne AI uses these channels, as well as its social media, including its X (@PalladyneAI) and LinkedIn accounts (https://www.linkedin.com/company/palladyneaicorp/), to communicate with investors and the public news and developments about Palladyne AI, its products and other matters. Therefore, Palladyne AI encourages investors, the media, and others interested in the company to review the information it makes public in these locations, as such information could be deemed to be material information. The information that can be accessed through hyperlinks or website addresses included herein is deemed not to be incorporated in or part of this presentation.
Palladyne AI is defining the future of embodied AI - Intelligent systems that sense, think/decide, and act in the real world. Where Intelligence Meets Action Intelligence at the edge, not just in the cloud Built for defense, security, and industrial operations Sense Think/Decide Act
Industrial Manufacturing Logistics Aerospace / Aviation Construction Infrastructure Maintenance and Repair Energy *The defense variant of Palladyne Pilot with advanced swarming and collaboration capabilities. DECADES OF EXPERIENCE Mainly world class robotics and AI/ML software engineers Employees In robotics/AI/ML Defense Public Safety Palladyne™ IQ & Palladyne™ Pilot SwarmOS™* Palladyne AI At-A-Glance Two Embodied AI Software Products Yesterday
Ethical Embodied AI + Cost Effective Mission Effects + Precision Harm Mitigation Introducing Palladyne Defense: Redefining The Mid-Tier Prime
From robotics to AI software innovator to fully integrated defense technology company. A Defining Transformation Strategic acquisitions of GuideTech and The Crucis Companies (“Crucis”) Launching Palladyne Defense as our new defense-focused business Together, these companies bring rapid design and U.S.-based manufacturing to our autonomy platform Uniting AI intelligence, design engineering, and U.S.-based manufacturing into a vertically integrated platform SwarmOS™1 Design and Avionics AI Manufacturing 1. Formerly known as Palladyne Pilot – defense variant. Today
Three Structural Shifts Driving Demand Why Now? The World Has Changed. The New Rules of Readiness DoW cost-per-effect mandate: Priorities shifting from “the biggest” to “the smartest, cheapest, fastest.” Reshoring and sovereignty: Rebuilding domestic manufacturing for strategic independence. AI in mission systems: Autonomy deployed into real problems, not just analysis.
Startups Fast But Small Primes Large But Slow The New Mid-Tier Prime The New Mid-Tier Prime for Embodied AI The Strategic Imperative: Why We Exist The Pentagon’s Replicator initiative requires attritable, intelligent systems that are fast, flexible, and affordable Deliver affordable, intelligent systems built in America Bridge between fast but small startups and massive primes Provide DoW with an agile, vertically integrated partner
Three Inputs. One Exponential Advantage. The next step in our transformation: Brings together three powerful capabilities: AI core, engineering nucleus, U.S. Manufacturing base SwarmOS™ SwarmOS: embodied AI and autonomy core for defense and public safety missions GuideTech: aerospace design and avionics engineering group that moves concepts from digital model to flight prototype in months Crucis: certified U.S. manufacturer supporting major defense programs including F-16, F-35, Tomahawk, Harpoon and Bradley
Why GuideTech Matters Design Speed for a World That Can’t Wait Former prime engineers with deep missile/UAS design pedigree Design and iterate new systems in less than 6 months Already supplying avionics and prototypes to multiple defense customers Design, Prototype, Test Design for Manufacture Low Cost, High Rate MFG
From Design to Deployment A Full Design-to-Field Process Preliminary Design Detailed Design and Software Dev Hardware Integration and Ground Testing Flight Test Operations and Production Concept → Simulation → Prototype → Flight Test → Initial Production Supports both partner systems and proprietary programs Designed to shorten DoW evaluation and field cycles
BRAIN Avionics: Lightweight, Mission-Grade Compute High Performance at a Fraction of Legacy Cost $17k IMU $12k Realtime Module $11k Autonomy Module >$10k GPS Replaces Conventional Avionics $6k, <0.5 lbs.,10 CPUs 1024 GPU Cores, GPS/INS/Mag/Baro BRAIN BRAIN represents the future of defense electronics...intelligent, efficient, and affordable Compact modular flight controller: 1/10 the cost and weight of legacy avionics Integrated CPU/GPU core enables onboard AI inference — autonomy without external compute Multiple variants in various stages of development (one is currently TRL9/production ready, and others are TRL 6/7) ~5 lbs. 10 CPUs. >$50k
Project Banshee <$1K Cost Per Target Effect Warhead Size Range # Missions 3 lbm 20 km 30+ Warning: Not a toy drone Project Banshee: Precision Loitering Munition Intelligent, Attritable, Mission-Focused Designed for mass production (currently at TRL 6/7) — superior cost-per-effect in contested airspace Designed for tactical and strategic missions, not hobby/consumer UAVs Comparable or better range and payload vs. incumbent systems at lower cost Designed to support SwarmOS™ / IntelliSwarm™ integration Current Comparison $58K Cost Per Target Effect Warhead Size Range # Missions .5 lbm 20 km 1
https://vimeo.com/1136670016/911ffd645e Project Banshee Test Video
Project SwarmStrike: Deep Reach at a New Price Point Cruise-Missile-Like Reach, Dramatically Lower Cost Project SwarmStrike $150k (Compared to $3M/ea for current cruise class missiles) 30 lb. Warhead 550 km range (ground) 920 km range (air) Represents the future of AI-enabled tactical saturation and deterrence Cruise-class autonomous system with hundreds of miles of range at attritable cost TRL 6/7 with successful flight demonstration Designed for swarm-enabled, multi-domain operations
https://vimeo.com/1136674486/8eca4792a5 Project SwarmStrike Test Video
GuideTech: Engineering Backbone for IntelliSwarm™ BRAIN Palladyne Pilot (Defense + Commercial) Product Evolution: From Palladyne™ Pilot to SwarmOS™ to IntelliSwarm™ Palladyne Pilot remains active in Palladyne Commercial portfolio IntelliSwarm will enable advanced mission capabilities, including multi-agent collaboration, adaptive flight control, and real-time decision-making at the edge IntelliSwarm (SwarmOS + Brain) SwarmOS (Defense/Public Safety) Palladyne Pilot (Commercial) Commercial Synergy Defense/Public Safety Variant Strategic Impact
Crucis: Precision Manufacturing for Priority Programs Crucis anchors Palladyne Defense with U.S.-based production, supply-chain depth, and scalability F-35, F-16, Tomahawk, Bradley, JDAM, M1A1, more Vertically integrated aerospace and defense manufacturing: Machining, assembly Supplies major programs: Certified: AS9100 Expanding capacity enables near-term scale for Palladyne AI Crucis brings strength, credibility, and capacity... the backbone of America’s defense industrial base
Capacity to Scale Crucis doesn’t just build parts...it builds trust. It’s where our innovation becomes production. Active supplier to primes and Tier-1s; provides immediate channel access Ideal platform for DoW-driven reshoring and surge capacity Opportunity to implement Palladyne™ IQ for AI-driven efficiency 50,000 Sq. Ft. Manufacturing Space ISO 9001: 2015 and AS9100 Certified Significant Room to Scale
Why Crucis Matters to Palladyne AI Gives Palladyne AI certified, U.S.-based production tied to priority programs Crucis completes the loop enabling domestic scale, reliability, and reshoring for next-generation defense systems Anchors Palladyne AI in the DoW’s industrial-base modernization agenda We’re not waiting for others to build the future...we’re building it ourselves, right here in America.
Where It All Comes Together Design + AI + Manufacturing Partner and supplier to primes; opportunistic system provider where gaps exist Aligns with DoW priorities for cost-effective, rapidly fielded autonomous systems Autonomy, affordability, and American industrial power Palladyne Defense integrates SwarmOS™, GuideTech, and Crucis into one business This is where our vision becomes reality — intelligence that acts, capability that scales, and a company built for this era of readiness.
Transaction Overview and Financial Impact $7.8 M Greater than 3X 2024 (Actual) 2026 (EST) Combined acquisitions expected to more than triple 2024 revenue by 2026 $20 million stock + $5 million cash $6 million assumed debt (equipment/real estate) Plus, a performance-based earnout over 5-years Acquired businesses targeted to be adjusted EBITDA positive in 2026 >$10 million 18-month backlog (and growing) Planned $5 million investment to bring Project Banshee and Project SwarmStrike to TRL 9 Deal consideration: ~$31 million
The Business Engine
Executing the Vision Proven leadership, clear focus, and near-term catalysts across both defense and industrial markets Two Businesses Driving Growth Palladyne Defense Palladyne Commercial “Transformation means nothing without execution. Palladyne AI is now built to operate, to scale, and to lead.”
Corporate Structure: Unified, Focused, Scalable Palladyne AI now operates as a unified enterprise with two synergistic businesses Our structure reflects our strategy. Each business stands on its own strengths while sharing a common AI framework. Palladyne AI Palladyne Defense (Parent) SwarmOS™ + GuideTech + Crucis Palladyne Commercial Palladyne™ IQ + Palladyne™ Pilot
Palladyne Commercial: Scaling the Palladyne™ IQ Platform Palladyne IQ is our original AI platform – Palladyne™ Pilot was derived from IQ for UAV autonomy Palladyne IQ is the foundation of our AI ecosystem, delivering intelligence that powers industrial and operational efficiency Targets industrial robots used in manufacturing, logistics, and infrastructure sectors Hardware agnostic and enterprise-wide - integrates across robots and systems Recurring software licensing and services model
Proof of Execution: Financial and Operational Highlights Disciplined balance sheet, growing validation and early DoW traction Financial Strength: Q3 Operating cash use of approximately $6.3 million, consistent with expectations and prior quarter performance Maintaining a multi-year operating runway Ended Q3 (pre-deal closings) with $57.1 million in cash, cash equivalents and marketable securities with $0 debt Operational Discipline: Collaboration with Draganfly (NASDAQ: DPRO) for SwarmOS™ Appointed Lt. Gen. (Ret.) Stephen Twitty to the Board, joining Admiral Eric T. Olsen (Ret.), to deepen defense leadership Well-positioned for new development contract from DoW Awarded U.S. Patent No. 12,452,957 for closed-loop autonomy in heterogeneous sensor networks Palladyne™ IQ, Palladyne™ Pilot, SwarmOS, and BRAIN on track for early deployments beginning 1H 2026
The Investment Thesis Technology Leadership Palladyne AI is a disciplined, first-mover in embodied AI, bridging autonomy, design, and manufacturing Our advantage is structural...we own the software, the engineering, and the manufacturing. That’s how we move faster, build smarter, and lead from strength. Vertical Integration Dual Growth Engines Financial Strength Strategic Timing Proven autonomy architecture Full-stack capability from AI to design to hardware to manufacturing Positioned for the new rules of readiness Well-funded for a multi-year runway Defense and commercial synergy
Two Businesses, One Platform BRAIN Avionics, Project SwarmStrike, Project Banshee Palladyne Defense Palladyne Commercial Palladyne™ IQ, Palladyne™ Pilot Shared technology, shared intelligence one company leading autonomy for industry and defense. IntelliSwarm™ architecture AI-enabled mission systems Industrial autonomy
Closing Vision: Built for This Moment Palladyne AI has evolved from an autonomy software pioneer into a vertically integrated, U.S.-based embodied AI company Palladyne AI is redefining readiness with intelligent systems designed, built, and scaled in America We’ve built something rare...an American AI company that can think, design, and build. We are ready for what’s next. Our two businesses — Palladyne Defense and Palladyne Commercial — share a common AI foundation and serve distinct but synergistic markets Together, they form a platform that merges autonomy, design, and manufacturing — the blueprint for America’s next generation of readiness Backed by a strong balance sheet, expanding partnerships, and a clear path to commercialization, Palladyne AI is entering its growth phase from a position of strength. Palladyne Defense delivers intelligent systems for national security, speed, and mission adaptability Palladyne Commercial extends the same proven technology into industrial automation, infrastructure, and operational intelligence
https://vimeo.com/1136223405 The Palladyne AI Vision
Thank You. Investor Contact: Brian Siegel, IRC, MBA Senior Managing Director, Investor Relations, Hayden IR www.palladyneai.com brian@haydenir.com (346) 396-8696 linkedin.com/company/palladyneaicorp