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Nukkleus (NUKK) investor relations material
Nukkleus Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Transitioned from financial technology and payment services to focus on defense sector via planned acquisition of Star 26 Capital Inc., a supplier for Iron Dome launchers.
Discontinued financial services segment and divested subsidiary DRFQ, with sale subject to shareholder approval.
Significant non-cash gains from changes in fair value of liability-classified warrants drove reported net income.
Ongoing material weaknesses in internal controls, with remediation efforts underway.
Financial highlights
Net income from continuing operations for six months ended June 30, 2025: $106.4M, compared to a net loss of $3.4M year-over-year.
Net loss from discontinued operations for six months: $0.4M, improved from $0.7M year-over-year.
Accumulated deficit as of June 30, 2025: $95.1M.
Working capital deficit as of June 30, 2025: $53.5M, with $1.5M in cash.
No revenue from continuing operations; all revenue classified as discontinued.
Outlook and guidance
Expectation to generate revenue after closing the Star acquisition, anticipated near end of Q3 2025.
Anticipated increases in compensation and administrative expenses post-acquisition.
Professional fees expected to decrease after Star acquisition due to fewer one-time costs.
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