Dynamic Aerospace Systems Reports No Revenue and $7.79 Million Net Loss for 2025

Dynamic Aerospace Systems Corporation, formerly known as Brooqly Inc., reported significant financial developments in its recent 10-K filing for the fiscal year ending December 31, 2025. The company, which focuses on unmanned aerial vehicle (UAV) manufacturing and autonomous logistics, generated no revenue during the year, a decrease from $266 in 2024. This decline reflects a strategic pivot away from its previous software business model towards UAV-related activities, with management anticipating future revenue growth primarily from UAV sales starting in 2026.

The company incurred a net loss of $7.79 million for 2025, a substantial increase from a loss of $1.17 million in the previous year. This increase was largely attributed to an impairment charge of $2.94 million related to goodwill and intangible assets acquired from Vayu and Global Autonomous Corporation, as well as increased operating expenses associated with the integration of these assets. Operating expenses rose dramatically to $6.64 million, up from $537,440 in 2024, driven by professional fees, salaries, and general administrative costs linked to the company's restructuring and acquisition efforts.

Dynamic Aerospace Systems made significant strategic moves during the year, including the acquisition of assets from Vayu and Global Autonomous Corporation on April 1, 2025. These acquisitions were aimed at enhancing the company's technological capabilities in the UAV sector. The company also appointed Jorge L. Torres, a logistics expert, to its Board of Directors, which is expected to bolster its strategic expertise in logistics and supply chain optimization. As of December 31, 2025, the company reported total assets of approximately $13.31 million, primarily composed of intangible assets and goodwill.

Operationally, the company is focused on expanding its market reach and advancing research and development in UAV technologies. It has established partnerships with government agencies and NATO allies, which are expected to drive early-stage contracts and pilot programs. The company is also pursuing international expansion, particularly in the United Arab Emirates, where it is working with local authorities to integrate its UAVs into national logistics frameworks. As of the end of 2025, Dynamic Aerospace Systems had a working capital deficit of $2.81 million and cash reserves of $54,009, raising concerns about its liquidity and ability to continue as a going concern without additional capital.

Looking ahead, management is optimistic about the company's prospects, citing the growing demand for UAV solutions in various sectors, including defense and logistics. However, the company acknowledges the challenges it faces, including the need for substantial investment in research and development, regulatory compliance, and the integration of acquired technologies. The company is actively seeking additional financing to support its growth strategy and is working with investment banking partners to secure the necessary capital.