Palladyne AI Corp reports Q2 2025 financials, Version 2 of Palladyne IQ development underway.

Palladyne AI Corp has announced a mid-year business update, highlighting its first half 2025 financial and product development objectives, which have been met. The company has shifted its focus to completing Version 2 of Palladyne IQ and demonstrating its enhanced capabilities for Palladyne Pilot with the defense community. Palladyne AI has $62.7 million in cash, cash equivalents, and marketable securities on hand as of June 30.

Palladyne AI Corp (NASDAQ: PDYN and PDYNW) has released its mid-year business update, showcasing significant progress in both financial and product development objectives for 2025. The company reported that it has met its first-half financial targets and shifted its focus to the completion of Version 2 of Palladyne IQ, which is expected to incorporate user experience and other improvements based on continued testing and customer feedback.

As of June 30, 2025, Palladyne AI Corp held $62.7 million in cash, cash equivalents, and marketable securities, indicating a strong financial position. The company also raised $34.8 million during the first half of 2025 through at-the-market offerings and the exercise of warrants, contributing to its robust cash flow.

Palladyne AI Corp's CEO commented on the intensifying tariff and foreign policy landscape, stating that it has prompted a re-evaluation of local manufacturing and global supply chains. The company is well-positioned to capitalize on the growing demand for AI-driven robotics, fueled by manufacturing reinvention and defense-driven stimulus. The Trump administration's reshoring agenda and defense spending increases are expected to drive significant structural growth in the AI and robotics market.

The company's focus on completing Version 2 of Palladyne IQ and demonstrating its enhanced capabilities for Palladyne Pilot with the defense community underscores its commitment to innovation and market leadership. The second half of 2025 is expected to bring greater clarity on potential customers' automation priorities, planning, and initiatives, positioning Palladyne AI Corp for continued growth.

[1] https://www.businesswire.com/news/home/20250806937271/en/Palladyne-AI-Corp-Provides-2025-Mid-Year-Business-and-Financial-Update