DUKE Robotics (DUKR) Registration filing summary

Company overview and business model

• Develops advanced robotic and drone-based systems for defense and civilian infrastructure maintenance, including a robotic stabilization system for remote, real-time, pinpoint-accurate firing and drone-enabled insulator cleaning for electric utilities.

• Collaborates with Elbit Systems for global marketing, sales, and further development of stabilized weapons drone systems, generating royalties and commissions.

• Civilian applications focus on the IC Drone for electric utility insulator cleaning, with commercial agreements and recurring revenues from Israel Electric Corporation and expansion into Greece.

• Introduced AEROTRACE™, an aerial monitoring and intelligence solution integrating AI-driven analytics for infrastructure assessment.

Financial performance and metrics

• 2025 revenues were $377,000, up from $108,000 in 2024, driven by expanded IC Drone operations and initial royalty revenues from defense collaboration.

• Net loss for 2025 was $1,241,000, compared to $985,000 in 2024, reflecting increased general and administrative expenses and stock-based compensation.

• Cash balance at year-end 2025 was $750,000, with working capital of $151,000 and an accumulated deficit of $12,403,000.

• Auditor's report raises substantial doubt about ability to continue as a going concern due to recurring losses and negative cash flows.

Use of proceeds and capital allocation

• Net proceeds of approximately $6.85 million (assuming no over-allotment) will fund R&D, sales force expansion, marketing, business development, potential acquisitions, and general working capital.

• Management expects proceeds to cover cash needs for the next twelve months and enable positive cash flow from operations.