Sarcos Technology and Robotics Corp
NASDAQ:PDYN
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Sarcos Technology and Robotics Corp
NASDAQ:PDYN
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US |
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.
Guidance: Reiterated 2026 revenue guidance of $24.0 million to $27.0 million (roughly 4–5x 2025 revenue).
Backlog: Backlog was approximately $13.5 million at year-end 2025 and rose to nearly $18.0 million midway through Q1.
Transformation: Company says the November acquisitions (GuideTech, Warnke Precision Machining, MKR Fabricators) moved Palladyne from development-stage AI into a vertically integrated embodied AI and defense manufacturing company.
Q4 results: Q4 revenue $1.7 million (up 118% YoY), GAAP net loss $1.5 million (loss per share $0.04); non-GAAP net loss $6.9 million ($0.16 per share).
Liquidity: Cash and equivalents were approximately $47.0 million at Dec 31, 2025; Q4 net cash burn ~ $10.0 million. Management expects quarterly operating cash usage of $8.0–$9.0 million in 2026.
Product differentiation: Management emphasized SwarmOS and IntelliSwarm as edge-based decentralized autonomy ("wolf pack" swarming) distinct from centralized/cloud AI or preprogrammed swarms.
Defense traction: Demonstrations with OEMs (Red Cat nearing certification, Draganfly porting), missile propulsion subsystem contract from a major defense prime, and active pursuit of multiple DoD programs.
R&D & spend: Priorities for 2026: Gremlin‑X and SwarmStrike UAV platforms, SwarmOS and IQ enhancements; plan to invest $5.0 million in Gremlin‑X and SwarmStrike over 12–18 months.
