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.

• Key products include the IC Drone for utility maintenance and the Bird of Prey stabilized weapons drone system, developed in collaboration with Elbit Systems.

• Civilian market focus is on safer, cost-efficient insulator cleaning, while defense applications target military, homeland security, and para-military customers.

• Business model includes direct service agreements, technology licensing, and royalty/commission arrangements with partners.

• Operations are based in Israel, with subsidiaries in Greece and a focus on global market expansion.

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 the Bird of Prey system.

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

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

• The audit report includes a going concern warning due to recurring losses and negative cash flows.

Use of proceeds and capital allocation

• Estimated net proceeds from the IPO are $6,850,000 (assuming no over-allotment), to be allocated to R&D, sales force expansion, marketing, business development, potential acquisitions, and general working capital.

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