DUKE Robotics (DUKR) Q1 2026 earnings summary

Executive summary

• Advanced robotics and drone-based systems for military and civilian infrastructure, including IC Drone, AEROTRACE AI aerial intelligence, and Bird of Prey defense drone system, progressed in Q1 2026.

• Expanded collaboration with Elbit Systems and Israel Electric Corporation, with the latter expected to generate over $1 million in 2026 revenue.

• Launched new products such as the next-generation IC Drone System and AEROTRACE for infrastructure monitoring.

• Completed a $9.2 million public offering and uplisted to Nasdaq Capital Market after quarter end.

Financial highlights

• No revenues for Q1 2026 or Q1 2025 due to seasonality of IC Drone services.

• Cost of revenues increased to $33,000 in Q1 2026 from $8,000 in Q1 2025, reflecting growth in service activities and readiness costs.

• Research and development expenses rose to $29,000 in Q1 2026 from $22,000 in Q1 2025.

• General and administrative expenses increased to $451,000 in Q1 2026 from $258,000 in Q1 2025, mainly due to higher professional, share-based compensation, and uplisting costs.

• Net loss widened to $921,000 ($0.41/share) in Q1 2026 from $279,000 ($0.13/share) in Q1 2025, primarily due to increased expenses and warrant liability changes.

Outlook and guidance

• Expanded IEC contract expected to generate over $1 million in 2026 revenue.

• Management expects capital resources, including public offering proceeds, to support operations into the second half of 2027.

• Ongoing focus on commercialization of IC Drone and expansion into data-driven infrastructure solutions, with AEROTRACE anticipated to provide recurring, software-style revenue.