Sarcos Technology and Robotics Corp
NASDAQ:PDYN
Sarcos Technology and Robotics Corp
Sarcos Technology and Robotics Corporation engages in the design and production of industrial robotic systems that augment human performance by combining human intelligence, instinct, and judgment with the strength, endurance, and precision of machines to enhance employee safety and productivity. The company is headquartered in Salt Lake City, Utah and currently employs 160 full-time employees. The company went IPO on 2021-01-15. The firm designs its robotic systems to augment human performance by combining human intelligence, instinct and judgment with the strength, endurance and precision of machines to enhance human safety and productivity. Its products benefits markets in which people perform physically demanding or hazardous tasks, such as aerospace, automotive, aviation, construction, defense, distribution and warehousing for ecommerce and other industries, industrial manufacturing, maritime, military, and oil and gas. The Company’s technological innovations enables the Company to advance the development of its robotic systems. Its product platforms include Guardian XO, Guardian XT, Guardian GT, CYTAR and Guardian S. The Guardian XO is a full body powered exoskeleton designed to augment user strength, endurance and precision without materially restricting freedom of movement.
Sarcos Technology and Robotics Corporation engages in the design and production of industrial robotic systems that augment human performance by combining human intelligence, instinct, and judgment with the strength, endurance, and precision of machines to enhance employee safety and productivity. The company is headquartered in Salt Lake City, Utah and currently employs 160 full-time employees. The company went IPO on 2021-01-15. The firm designs its robotic systems to augment human performance by combining human intelligence, instinct and judgment with the strength, endurance and precision of machines to enhance human safety and productivity. Its products benefits markets in which people perform physically demanding or hazardous tasks, such as aerospace, automotive, aviation, construction, defense, distribution and warehousing for ecommerce and other industries, industrial manufacturing, maritime, military, and oil and gas. The Company’s technological innovations enables the Company to advance the development of its robotic systems. Its product platforms include Guardian XO, Guardian XT, Guardian GT, CYTAR and Guardian S. The Guardian XO is a full body powered exoskeleton designed to augment user strength, endurance and precision without materially restricting freedom of movement.
Strategic Transformation: Palladyne AI announced the acquisitions of GuideTech and Crucis, launching Palladyne Defense and transforming into a vertically integrated AI and defense technology company.
Revenue Growth Outlook: Management expects consolidated revenue in 2026 to more than triple 2024's approximately $8 million, driven by the acquisitions.
Backlog & Financial Position: The company enters the next phase with an 18-month backlog of over $10 million and finished the quarter with $57.1 million in cash and equivalents.
Vertical Integration: The combined company now covers AI software, aerospace design, and US-based manufacturing, aiming to deliver advanced autonomous systems at scale and speed.
Defense Focus: Palladyne Defense targets national security clients, leveraging new manufacturing capacity and direct contracts with the Air Force and Navy.
Commercial AI Remains Core: The commercial business (IQ and Pilot) continues to target industrial automation, with a new version of IQ undergoing internal testing.
Operational Readiness: Management reports minimal seasonality and swift post-shutdown government re-engagement, supporting ongoing momentum with defense customers.
