--- title: "DUKE ROBOTICS CORP C/WTS EXP 06/05/2031(TO PUR COM) | 8-K: FY2026 Q2 Revenue: USD 149 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/295795745.md" datetime: "2026-08-13T12:07:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295795745.md) - [en](https://longbridge.com/en/news/295795745.md) - [zh-HK](https://longbridge.com/zh-HK/news/295795745.md) generator: "portal-rs" --- # DUKE ROBOTICS CORP C/WTS EXP 06/05/2031(TO PUR COM) | 8-K: FY2026 Q2 Revenue: USD 149 K Revenue: As of FY2026 Q2, the actual value is USD 149 K. EPS: As of FY2026 Q2, the actual value is USD -0.26. EBIT: As of FY2026 Q2, the actual value is USD -928 K. ### Financial Results for the Three Months Ended June 30, 2026, and 2025 - Revenues were $149,000 for the three months ended June 30, 2026, compared to $143,000 for the same period in 2025. - Cost of revenues was - $91,000 in 2026, an increase from - $55,000 in 2025, primarily due to increased depreciation and operational readiness costs. - Gross profit decreased to $58,000 in 2026 from $88,000 in 2025. - Research and Development (R&D) expenses were - $32,000 in 2026, up from - $24,000 in 2025. - General and Administrative (G&A) expenses significantly increased to - $954,000 in 2026 from - $314,000 in 2025, largely due to higher share-based compensation, professional fees for Nasdaq uplisting and public offering, and increased personnel costs. - The operating loss widened to - $928,000 in 2026, compared to an operating loss of - $250,000 in 2025. - The company reported financing income, net, of $202,000 in 2026, a shift from financing expenses, net, of - $9,000 in 2025, mainly reflecting non-cash changes in the fair value of warrant liability. - Net loss for the period was - $726,000 in 2026, compared to - $269,000 in 2025. ### Financial Results for the Six Months Ended June 30, 2026, and 2025 - Revenues were $149,000 for the six months ended June 30, 2026, consistent with $143,000 for the same period in 2025. - Cost of revenues increased to - $124,000 in 2026 from - $63,000 in 2025, driven by higher depreciation and operational readiness costs. - Gross profit was $25,000 in 2026, down from $80,000 in 2025. - Research and Development (R&D) expenses were - $61,000 in 2026, compared to - $45,000 in 2025. - General and Administrative (G&A) expenses rose to - $1,405,000 in 2026 from - $573,000 in 2025, primarily due to increased share-based compensation, professional fees for the uplisting and public offering, and personnel costs. - The operating loss for the six months was - $1,441,000 in 2026, compared to - $538,000 in 2025. - Financing expenses, net, were - $206,000 in 2026, compared to less than - $1,000 in 2025, largely due to non-cash mark-to-market movements on warrant liability. - Net loss was - $1,647,000 in 2026, compared to - $548,000 in 2025. ### Balance Sheet Highlights as of June 30, 2026, and December 31, 2025 - Total cash and cash equivalents and restricted cash were $6,989,000 as of June 30, 2026, a significant increase from $750,000 as of December 31, 2025, reflecting proceeds from a public offering. - Trade receivables increased to $163,000 as of June 30, 2026, from $41,000 as of December 31, 2025, due to the commencement of the IC Drone season. - Total assets grew to $7,513,000 as of June 30, 2026, from $1,249,000 as of December 31, 2025. - Total liabilities decreased to $867,000 as of June 30, 2026, from $1,149,000 as of December 31, 2025. - Stock purchase warrants liability was $0 as of June 30, 2026, down from $189,000 as of December 31, 2025, following reclassification to equity. - Total stockholders’ equity substantially increased to $6,646,000 as of June 30, 2026, from $100,000 as of December 31, 2025. ### Operational Metrics and Business Highlights - DUKE Robotics Corp. commenced an expanded 2026 Israel Electric Corporation (IEC) IC Drone grid-maintenance season under a purchase order expected to generate over $1 million in revenue during 2026. - A new order for the Bird of Prey stabilized weapons drone system was received through Elbit Systems Land Ltd., with deliveries anticipated in 2026, entitling DUKE Robotics to royalties upon system delivery and receipt of proceeds. - The Company completed an underwritten public offering, generating approximately $9.2 million in gross proceeds, and uplisted its common stock and warrants to the Nasdaq Capital Market. - Yiftach Kleinman was appointed as the incoming Chief Executive Officer, expected to begin his tenure no later than September 8, 2026. ### Outlook DUKE Robotics expects the expanded IEC purchase order to generate over $1 million in revenue during 2026, with the majority recognized in the latter half of the year. The Company anticipates recognizing royalty revenue from Bird of Prey orders in connection with Elbit’s system deliveries and receipt of proceeds during 2026. Management believes its current cash resources, combined with projected commercial agreement receipts, are sufficient to support operations into 2028. ### Related Stocks - [DUKRW.US](https://longbridge.com/en/quote/DUKRW.US.md) ## Related News & Research - [REG - UIL Limited UIL Finance Ltd - Purchase of 2026 ZDP Shares](https://longbridge.com/en/news/296518280.md) - [Public Storage announces R$ 0.41 per unit dividend for Q3 2026](https://longbridge.com/en/news/296635332.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.**