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, accurate firing and a drone solution for electric utility insulator cleaning.

• Collaborates with Elbit Systems for global marketing and sales of weaponized drone systems, earning royalties and commissions.

• Civilian applications focus on the IC Drone for insulator cleaning, with commercial agreements and deployments in Israel and Greece.

• Founded in 2014, with subsidiaries in Israel and Greece, and transitioned to its current business model after a 2020 share exchange.

Financial performance and metrics

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

• Net loss for 2025 was $1,241,000, compared to $985,000 in 2024, with increased general and administrative expenses and decreased R&D spending.

• Cash balance at year-end 2025 was $750,000, with working capital of $151,000 and an accumulated deficit of $12.4 million.

• Auditor KPMG issued a going concern warning due to recurring losses and negative cash flows.

Use of proceeds and capital allocation

• Net proceeds from the IPO will fund research and development, sales force expansion, marketing, business development, potential acquisitions, and general working capital.

• Management has discretion over the allocation of proceeds, with the intent to achieve positive cash flow from operations.