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Palladyne AI: Speculative Upside Built On Vertically Integrated Defense Bet
Palladyne AI Corp. pivots to a vertically integrated defense contractor with the launch of Palladyne Defense and three strategic acquisitions. PDYN raised revenue guidance to $24–27 million, backed by contract wins and a growing $13 million backlog, but remains pre-commercialization on core products. The company maintains a strong cash position ($47 million post-acquisitions), enabling runway for commercialization and further R&D investment.
