--- title: "Duke Robotics | 8-K: FY2026 Q1 Revenue: USD 0" type: "News" locale: "en" url: "https://longbridge.com/en/news/287063124.md" datetime: "2026-05-20T12:17:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287063124.md) - [en](https://longbridge.com/en/news/287063124.md) - [zh-HK](https://longbridge.com/zh-HK/news/287063124.md) generator: "portal-rs" --- # Duke Robotics | 8-K: FY2026 Q1 Revenue: USD 0 Revenue: As of FY2026 Q1, the actual value is USD 0. EPS: As of FY2026 Q1, the actual value is USD -0.41. EBIT: As of FY2026 Q1, the actual value is USD -513 K. #### Revenue DUKE Robotics Corp. recognized initial royalties of approximately $20,000 in the second quarter of 2025 from sales of Elbit Systems’ ‘Bird of Prey’ drone system. DUKE Robotics Corp. reported no revenues for the three months ended March 31, 2026, consistent with the same period in 2025, which primarily reflects the seasonal nature of the Insulator Cleaning (IC) Drone service for the Israel Electric Corporation (IEC). #### Operational Metrics - **Cost of Revenues**: Cost of revenues for the three months ended March 31, 2026, was $33,000, an increase from $8,000 for the same period in 2025, primarily due to infrastructure and operational readiness costs for the 2026 cleaning season. - **Gross Loss**: The gross loss for the three months ended March 31, 2026, was -$33,000, compared to a gross loss of -$8,000 for the same period in 2025. - **Research and Development (R&D) Expenses**: R&D expenses were $29,000 for the three months ended March 31, 2026, up from $22,000 for the same period in 2025. - **General and Administrative (G&A) Expenses**: G&A expenses increased to $451,000 for the three months ended March 31, 2026, from $258,000 in the prior year period, mainly due to higher share-based compensation, professional fees for uplisting preparation, and increased personnel-related costs. - **Operating Loss**: The operating loss for the three months ended March 31, 2026, was -$513,000, compared to an operating loss of -$288,000 for the same period in 2025. - **Financing Expenses, Net**: Financing expenses, net, were -$408,000 for the three months ended March 31, 2026, a change from financing income, net, of $9,000 in the corresponding period of 2025, primarily due to non-cash changes in the fair value of the Company’s warrant liability. - **Net Loss**: The net loss for the three months ended March 31, 2026, was -$921,000, compared to a net loss of -$279,000 for the same period in 2025. #### Balance Sheet Metrics - **Cash and Cash Equivalents**: Cash and cash equivalents and restricted cash totaled $510,000 as of March 31, 2026, down from $750,000 as of December 31, 2025. - **Trade Receivables**: Trade receivables were $16,000 as of March 31, 2026, compared to $41,000 as of December 31, 2025. - **Total Current Assets**: Total current assets were $813,000 as of March 31, 2026, a decrease from $907,000 as of December 31, 2025. - **Total Liabilities**: Total liabilities increased to $1,690,000 as of March 31, 2026, from $1,149,000 as of December 31, 2025. - **Total Stockholders’ Equity (Deficit)**: Total stockholders’ equity (deficit) was -$573,000 as of March 31, 2026, compared to $100,000 as of December 31, 2025. #### Unique Metrics and Business Highlights DUKE Robotics Corp. has a strategic partnership with Elbit Systems, including an exclusive worldwide license for its TIKAD drone technology (AKA: Bird of Prey) and revenue sharing. The company has a commercial agreement for its IC Drone with the Israel Electric Corporation. A subsidiary, Duke Robotics Hellas, was formed in Greece, and regulatory approval for IC Drone operations in Greece was secured in January 2026. DUKE Robotics Corp. expanded its co-marketing agreement with Elbit in April 2025 for the ‘Bird of Prey’ system, potentially earning additional commission fees. In February 2026, DUKE Robotics Corp. launched AEROTRACE™, an AI-powered aerial intelligence platform designed to generate recurring, software-style revenue. In March 2026, the Company received a new purchase order from the IEC, expected to generate over $1 million in revenue during 2026. Subsequent to the quarter end, DUKE Robotics Corp. completed an underwritten public offering for approximately $9.2 million in gross proceeds and uplisted to the Nasdaq Capital Market. The Bird of Prey stabilized weapons drone system, developed with Elbit, has been confirmed in operational use by the Israel Defense Forces. #### Outlook / Guidance DUKE Robotics Corp. expects to generate over US$1,000,000 in revenue in 2026 from a new purchase order from the Israel Electric Corporation, positioning the Company at a clear commercial inflection point. The company anticipates recurring SAAS revenue from its IC Drone and AEROTRACE products, targeting high margin revenues and a long-term ‘sticky’ business model. Strategic milestones for 2026 include the expansion of its military product line, increased IC drone activity in Israel, the launch of the IC Drone in Greece and other key geographies, and the company believes its cash resources are sufficient to support operations well into the second half of 2027 following a $9.2 million public offering. ### Related Stocks - [DUKR.US](https://longbridge.com/en/quote/DUKR.US.md) ## Related News & Research - [Public Storage announces R$ 0.41 per unit dividend for Q3 2026](https://longbridge.com/en/news/296635332.md) - [REG - UIL Limited UIL Finance Ltd - Purchase of 2026 ZDP Shares](https://longbridge.com/en/news/296518280.md) - [Corning sets Q3 2026 dividend at R$ 0.25 per unit](https://longbridge.com/en/news/296635714.md) - [Baker Hughes declares Q3 2026 dividend of R$ 0.81 per unit](https://longbridge.com/en/news/296392545.md) - [Northrop Grumman announces R$ 0.17 per unit dividend for Q3 2026](https://longbridge.com/en/news/296645808.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**