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. Its mobile robotic systems include the Guardian S, Guardian GT, Guardian XO, and Guardian XT. The company was founded in 2015 and is headquartered in Salt Lake City, UT.

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Palladyne AI Corp. engages in the design, development, and manufacture 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. Its mobile robotic systems include the Guardian S, Guardian GT, Guardian XO, and Guardian XT. The company was founded in 2015 and is headquartered in Salt Lake City, UT.

SALT LAKE CITY--(BUSINESS WIRE)-- #AI--Palladyne AI Corp. (“Palladyne AI” and formerly Sarcos Technology and Robotics Corporation) (Nasdaq: PDYN and PDYNW and formerly Nasdaq: STRC and STRCW) today announced that effective as of the market open today, April 8, 2024, the Company's ticker symbols have changed from Nasdaq: STRC and STRCW to Nasdaq: PDYN and PDYNW. The Company's intent to adopt the new ticker symbols was previously announced on March 18, 2024 when it announced its name change to Palladyn.

Palladyne AI Ticker Symbol now PDYN

SALT LAKE CITY--(BUSINESS WIRE)-- #AI--Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW) is pleased to announce that effective today, the company has changed its name to Palladyne AI Corp. (Palladyne AI). Effective April 8, 2024, the Company's ticker symbol will change from NASDAQ: STRC to NASDAQ: PDYN. The new name reflects the company's narrowed focus on commercializing the artificial intelligence and machine learning software that it has been developing since 2020. "As.

Sarcos Robotics is Now Palladyne AI

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SALT LAKE CITY--(BUSINESS WIRE)--Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC) (NASDAQ: STRCW) is pleased to announce that effective as of February 23, 2024, the company's co-founder and former CEO, Ben Wolff, will resume the role of president and CEO as the Company pursues its next phase of innovation and growth, with a concerted focus on commercializing and deploying the robotic artificial intelligence (AI) and machine learning (ML) software platform that the Company be.

Sarcos Welcomes Back Co-Founder and Former CEO Ben Wolff to Lead Company Following Pivot to Industrial AI Software Focus

Sarcos Technology and Robotics Corporation (NASDAQ:STRC ) Q3 2023 Results Conference Call November 14, 2023 4:30 PM ET Company Participants Julie Kegley - IR, Financial Profiles Laura Peterson - President and CEO Drew Hamer - CFO Conference Call Participants Rob Mason - Baird Operator Good day, and thank you for standing by. Welcome to the Q3 2023 Sarcos Technology and Robotics Corporation Earnings Conference Call.

Sarcos Technology and Robotics Corporation (STRC) Q3 2023 Earnings Call Transcript

SALT LAKE CITY, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW, a leader in advanced robotic technology designed to increase the intelligence, efficiency, capability and productivity of advanced robotic systems through applied autonomy, today announced financial results for the quarter ended September 30, 2023. Highlights Laura Peterson appointed as President and CEO; Ben Wolff, co-founder and Board member named Executive Vice Chairman Sarcos artificial intelligence (AI) and machine learning (ML) software business bolstered by $13.8 million contract from the U.S. Air Force to advance its AI/ML software Pivoting business to focus on robotic AI/ML software platform; aligning cost structure with business priorities CEO Commentary “Since I assumed the role of CEO in May, our leadership team has conducted an ongoing rigorous, data-driven analysis and review of our business, market opportunities, products and development programs,” said Laura Peterson, President and Chief Executive Officer of Sarcos.

Sarcos Technology and Robotics Corporation Announces Third Quarter 2023 Financial Results

SALT LAKE CITY--(BUSINESS WIRE)-- #robotics--Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacturing of advanced robotic systems, solutions, and software that redefine human possibilities, announced today that it fulfilled an order from Atlantas Marine (“Atlantas”) for two Guardian Sea Class robotic systems and a support package. Sarcos delivered the systems in the third quarter of 2023. The Guardian Sea Class is a teleoperated,.

Sarcos Announces Delivery of Guardian® Sea Class Robotic System to UK Supplier Atlantas Marine

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SALT LAKE CITY--(BUSINESS WIRE)-- #robotics--Sarcos Defense, a subsidiary of Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems, solutions, and software that redefine human possibilities, announced today that it has received a $13.8 million USD contract from Warner Robins Air Logistics Complex, Robins Air Force Base, Georgia. The award results from an innovative AFWERX AFVentures opportunity for it.

Sarcos Awarded $13.8 Million USD Contract by U.S. Air Force for Advancement of Its Artificial Intelligence and Machine Learning Software

Sarcos Technology and Robotics Corporation (STRC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Sarcos Technology and Robotics Corporation (STRC) Upgraded to Buy: Here's Why

Sarcos Technology and Robotics Corporation (STRC) came out with a quarterly loss of $0.86 per share versus the Zacks Consensus Estimate of a loss of $0.78. This compares to loss of $0.72 per share a year ago.

Sarcos Technology and Robotics Corporation (STRC) Reports Q2 Loss, Lags Revenue Estimates

Sarcos Technology and Robotics Corporation (NASDAQ:STRC ) Q2 2023 Earnings Conference Call August 9, 2023 4:30 PM ET Company Participants Maria Shelton - Accredited Financial Counselor, Financial Profiles, IR Laura Peterson - Interim President and Chief Executive Officer Drew Hamer - Chief Financial Officer Conference Call Participants Rob Mason - Baird Chirag Patel - Jefferies. Operator Good day and thank you for standing by.

Sarcos Technology and Robotics Corporation (STRC) Q2 2023 Earnings Call Transcript

SALT LAKE CITY, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems, solutions and software that redefine human possibilities, today announced financial results for the quarter ended June 30, 2023.

Sarcos Technology and Robotics Corporation Announces Second Quarter 2023 Financial Results

SALT LAKE CITY--(BUSINESS WIRE)-- #robotics--Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems, solutions, and software that redefine human possibilities, announced today the award of an expanded contract (FA8750-22-C-1005) from the Air Force Research Laboratory (AFRL) for continued development of artificial intelligence (AI)-driven methods and techniques that autonomously control a Heterogeneous.

Sarcos Awarded Artificial Intelligence Contract by Air Force Research Laboratory

SALT LAKE CITY--(BUSINESS WIRE)-- #robotics--Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems, solutions, and software that redefine human possibilities, and Blattner Company (“Blattner”), an industry-leading provider and installer of renewable energy, announced that the companies have entered into a collaboration agreement. The agreement focuses on the development and refinement of Sarcos' auton.

Sarcos and Blattner Company Sign Agreement for Development of Autonomous Robotic Solar Construction System

Aligning workforce with targeted robotics solutions and end markets; eliminating non-essential positions Optimizing ongoing operations SaaS/AI emerging as important future revenue opportunity; building on years of AI software development Second quarter preliminary revenue of approximately $1.3 million Average monthly cash usage expected to decline to approximately $3.0 million in the first quarter 2024 SALT LAKE CITY, July 12, 2023 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos” or “Company”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems, solutions, and software that redefine human possibilities, today announced that it has further refined its sales strategy to focus on products that have the most potential for near-term revenue growth and strategic opportunities that show the greatest market traction and meet an acute customer need. “We have initiated a more focused business plan, concentrating on solutions that we believe have the greatest alignment with customer demand and speed to market.

Sarcos Takes Steps to Improve Efficiency, Reduce Cash Spend

SALT LAKE CITY--(BUSINESS WIRE)-- #robotics--Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems, solutions and software that redefine human possibilities, today announced the appointment of Laura Peterson as its interim president and chief executive officer, effective immediately. Peterson will replace outgoing president and CEO, Kiva Allgood. Sarcos thanks Ms. Allgood for her service and wishes he.

Sarcos Announces Appointment of Laura Peterson as Interim President and Chief Executive Officer

Sarcos Technology and Robotics Corporation (STRC) came out with a quarterly loss of $0.13 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.10 per share a year ago.

Sarcos Technology and Robotics Corporation (STRC) Reports Q1 Loss, Misses Revenue Estimates

SALT LAKE CITY, May 10, 2023 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems, solutions and software that redefine human possibilities, today announced financial results for the quarter ended March 31, 2023. First Quarter and Recent Highlights Participated in successful demos of Guardian® XT™ and Guardian® XM at ConExpo-Con/AGG 2023, the largest construction equipment tradeshow in North America Signed a manufacturing services agreement with Jabil, a leading manufacturing services provider, to expand Sarcos' production capacity as the company scales Participated in the Aviation & Robotics Summit, a three-day event bringing together aviation and robotics industry professionals with the goal of solving aviation business and operational challenges with robotics solutions Participated in the Offshore Technology Conference and Exhibition for the energy industry to demonstrate subsea capabilities with the Guardian® Sea Class Signed an agreement with VideoRay to sell integrated underwater robotic systems combining VideoRay remotely operated vehicles and Sarcos Guardian® Sea Class systems “We continue to refine our focus and gain momentum as we push toward commercialization of our robotic systems and solutions,” said Kiva Allgood, President and CEO, Sarcos.

Sarcos Technology and Robotics Corporation Announces First Quarter 2023 Financial Results

SALT LAKE CITY & POTTSTOWN, PA.--(BUSINESS WIRE)-- #robotics--Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development and manufacture of advanced robotic systems that redefine human possibilities, and VideoRay, the world's leading manufacturer of underwater robotic systems, announced today that the companies have signed an agreement to offer integrated underwater robotic systems combining VideoRay remotely operated vehicles (ROVs) with the Sarcos.

Sarcos and VideoRay Sign Agreement to Offer Integrated Underwater Robotic Systems

The heavy selling pressure might have exhausted for Sarcos Technology and Robotics Corporation (STRC) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -14.31% in 4 Weeks, Here's Why Sarcos Technology and Robotics Corporation (STRC) Looks Ripe for a Turnaround

SALT LAKE CITY--(BUSINESS WIRE)-- #robotics--Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development and manufacture of advanced robotic systems that redefine human possibilities, is collaborating with Jabil Inc., a leading manufacturing solutions provider, to expand Sarcos' production capacity for its robotic systems and sub-systems.

Sarcos Signs Manufacturing Services Agreement with Jabil to Advance Production Capabilities for Sarcos Robotic Systems

Sarcos Technology and Robotics Corporation (NASDAQ:STRC ) Q4 2022 Earnings Conference Call March 16, 2023 5:00 PM ET Company Participants Maria Shelton – Financial Profiles Kiva Allgood – President and Chief Executive Officer Drew Hamer – Chief Financial Officer Conference Call Participants Rob Mason – Baird Guy Hardwick – Credit Suisse Operator Good day and thank you for standing by. Welcome to the Fourth Quarter 2022 Sarcos Technology and Robotics Corporation Earnings Conference Call.

Sarcos Technology and Robotics Corporation (STRC) Q4 2022 Earnings Call Transcript

Sarcos Technology and Robotics Corporation (STRC) delivered earnings and revenue surprises of 33.33% and 9.30%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Sarcos Technology and Robotics Corporation (STRC) Reports Q4 Loss, Tops Revenue Estimates

Delivered Fourth Quarter and Full Year 2022 Revenue at the High End of Guidance Achieved Guardian ® XM Production Goal and Debuted Prototype of Semi-Autonomous Baggage Loading System for Aviation Industry

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