SkyTech Orion Global Corp., formerly known as Citrine Global Corp., reported a net loss of approximately $1.9 million for the fiscal year ending December 31, 2025, a decrease from a net loss of $2.3 million in the previous year. The company did not generate any revenue during this period, maintaining its focus on research and development in the drone and unmanned systems sector. Research and development expenses rose to $316,000, reflecting the company's strategic pivot towards defense-related technologies, which began in the third quarter of 2025. General and administrative expenses decreased to $939,000 from $1.2 million in 2024, primarily due to reduced professional services and non-cash share-based compensation.
SkyTech Orion has made significant strides in its operational strategy, including the establishment of the SkyTech Center Israel, a government-backed initiative aimed at developing advanced drone technologies. The Israeli Ministry of Economy awarded the company a grant of approximately $3.4 million to support the construction of this center, which will include assembly lines, R&D laboratories, and testing facilities. The center is expected to enhance the company’s production capabilities and align with the growing demand for modular drone systems in defense applications.
The company’s financial position showed a current asset increase to $166,000 as of December 31, 2025, compared to $140,000 in the previous year. However, current liabilities also rose to $4.8 million from $3.6 million, resulting in a working capital deficiency of $4.6 million. The company’s total liabilities increased to $5.5 million, up from $4.3 million in 2024, largely due to accrued expenses. As of the end of 2025, SkyTech Orion had a cash balance of $10,000, indicating a need for additional funding to support ongoing operations and development plans.
Strategically, SkyTech Orion is focused on the modular small drone market, which has seen increased demand due to recent geopolitical events and military needs. The U.S. Department of Defense has indicated a requirement for at least one million drones by 2026-2028, which aligns with the company’s production goals. The company is also pursuing a dual-nation operational model, leveraging its U.S. and Israeli bases to enhance its market reach and compliance with Western defense standards.
Looking ahead, SkyTech Orion aims to scale its production capacity significantly, targeting the ability to produce over 100,000 drones annually. The company is actively seeking additional funding through equity offerings and strategic partnerships to support its growth initiatives. However, the ongoing geopolitical tensions in the region, particularly the conflict in Israel, pose risks to its operations and market conditions, which the company is closely monitoring.
About CITRINE GLOBAL, CORP.
SkyTech Orion Global Corp operates through its Israeli subsidiaries, focusing on advanced unmanned aerial vehicle (UAV) and drone defense solutions. Leveraging government-supported industrial land in Yerucham, Israel, it develops, manufactures, and integrates military-grade UAV systems via its proprietary Operational Innovation Centers platform. The company serves defense sectors domestically and internationally, emphasizing scalable production, regulatory compliance, and strategic partnerships to address growing global demand for secure, innovative unmanned systems.
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