Duke Robotics Q2 Net Loss $726K; Uplists to Nasdaq, Appoints New CEO
Duke Robotics Corp. reported a net loss of $726,000, or $(0.26) per share, for the second quarter ended June 30, 2026, compared to a net loss of $269,000 in Q2 2025. Revenues for the quarter increased slightly to $149,000. The company successfully uplisted to the Nasdaq Capital Market and completed a public offering, raising approximately $9.2 million in gross proceeds, significantly boosting its cash reserves to $6.99 million. Additionally, Duke Robotics announced the appointment of Yiftach Kleinman as its incoming CEO, expanded its IC Drone grid-maintenance season with Israel Electric Corporation, expecting over $1 million in revenue, and received a new order for its Bird of Prey drone system through Elbit Systems.
Key Highlights
- Net loss for Q2 2026 was $726,000, or $(0.26) per share, compared to $269,000 in Q2 2025.
- Revenue for Q2 2026 was $149,000, up from $143,000 in the same period last year.
- Completed an underwritten public offering, generating approximately $9.2 million in gross proceeds.
- Cash and cash equivalents were $6,989,000 as of June 30, 2026, up from $750,000 at year-end 2025.
- Expanded 2026 IEC IC Drone season is expected to generate over $1 million in revenue.
- Received a new Bird of Prey order through Elbit Systems, with deliveries expected during 2026.
- Appointed Yiftach Kleinman as incoming Chief Executive Officer, effective no later than September 8, 2026.
- Uplisted to the Nasdaq Capital Market on May 15, 2026.
Price Impact
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