Quarterly ResultMay 20, 2026, 08:21 AM
Duke Robotics Uplists to Nasdaq, Secures $9.2M Offering; Q1 Net Loss $921K
AI Summary
Duke Robotics Corp. reported its first quarter 2026 financial results, showing no revenue and a net loss of $921,000. However, the company announced significant business advancements, including its uplisting to the Nasdaq Capital Market and a successful $9.2 million public offering subsequent to the quarter end. Key operational highlights include the launch of its AEROTRACE AI-powered aerial intelligence platform and an expanded contract with the Israel Electric Corporation, projected to generate over $1 million in 2026 revenue.
Key Highlights
- Uplisted to Nasdaq Capital Market and completed a $9.2 million underwritten public offering subsequent to quarter end.
- Expanded Israel Electric Corporation (IEC) contract expected to generate over $1 million in 2026 revenue.
- Launched AEROTRACE™, an AI-powered aerial intelligence platform for infrastructure operators.
- Reported no revenues for the three months ended March 31, 2026, consistent with the prior year.
- Net loss for Q1 2026 was $921,000, or $(0.41) per share, compared to $279,000 net loss in Q1 2025.
- Operating loss for Q1 2026 was $513,000, up from $288,000 in Q1 2025.
- Cash and cash equivalents were $510,000 as of March 31, 2026.
- Bird of Prey stabilized weapons drone system confirmed in operational use by the Israel Defense Forces.
Price Impact
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