{"url_path":"/sec/pdyn/8-k/2026-07-08/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-08","source_url":"https://www.sec.gov/Archives/edgar/data/1826681/0001193125-26-297985-index.html","accession_number":"0001193125-26-297985","cik":"0001826681","ticker":"PDYN","issuer_name":"Palladyne AI Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1826681/0001193125-26-297985-index.html","primary_entity_key":"0001826681","primary_entity_name":"Palladyne AI Corp."},"word_count":247,"has_tables":true,"body_markdown":"Item 8.01 Other Events.\n\nOn July 8, 2026, the Company announced preliminary unaudited financial information for the quarter ended June 30, 2026. Total revenue for the quarter ended June 30, 2026 is expected to be approximately $5.8 million, and cash, cash equivalents and marketable securities and backlog are expected to be approximately $44.0 million and $24.0 million, respectively, as of June 30, 2026.\n\n“Backlog” represents the total value of committed customer contracts and purchase orders. The Company expects that the majority of its backlog will be recognized as revenue within the next 12 to 18 months.\n\nThese preliminary financial results are based on management’s initial analysis of results of operations for the quarter ended June 30, 2026, and the Company's consolidated interim financial statements for the quarter ended June 30, 2026 are not yet available. The actual amounts that the Company reports will be subject to the Company’s financial closing procedures and any final adjustments that may be made prior to the time its financial results for the quarter ended June 30, 2026 are finalized and filed with the Securities and Exchange Commission (the “SEC”). The Company’s independent registered public accounting firm has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary financial data. These estimates should not be viewed as a substitute for financial statements prepared in accordance with accounting principles generally accepted in the United States and are not necessarily indicative of the results to be achieved in any future period."}