DUKE Robotics Corp. reported its financial results for the second quarter of 2025, revealing a total revenue of $143,000 for the six months ended June 30, 2025, a significant increase from zero revenue during the same period in 2024. The revenue growth is primarily attributed to the company's Insulator Cleaning (IC) Drone activities and initial royalties from the "Birds of Prey" stabilized weapons drone systems, following a collaboration agreement with Elbit Systems. Despite the revenue increase, the company incurred a net loss of $548,000 for the first half of 2025, compared to a net loss of $487,000 in the prior year.
In terms of operational metrics, DUKE Robotics reported a gross profit of $80,000 for the first half of 2025, with a cost of revenues amounting to $63,000. The company’s research and development expenses decreased to $45,000 from $117,000 year-over-year, reflecting a strategic shift towards operational execution rather than development. General and administrative expenses rose to $573,000, up from $406,000, primarily due to increased professional services and stock-based compensation.
The company has also made significant strategic developments, including the establishment of Duke Robotics Hellas M I.K.E in Greece to support its global commercialization efforts. Additionally, DUKE Robotics launched its next-generation IC Drone System, the ICDS2, which features enhanced capabilities and has been successfully deployed for the 2025 insulator cleaning season. The company continues to focus on expanding its market presence, particularly in Israel, where it has established agreements with the Israel Electric Corporation for its drone services.
As of June 30, 2025, DUKE Robotics had cash and cash equivalents of $581,000, a decrease from $1.8 million a year earlier, primarily due to increased operating expenses. The company reported cash used in operations of $578,000 for the first half of 2025, compared to $514,000 in the same period of 2024. Looking ahead, the company believes it has sufficient cash to fund operations for at least the next 12 months but acknowledges the potential need for additional funding to support further development and expansion efforts. The ongoing geopolitical situation in Israel has not materially affected the company's operations, although it has caused temporary disruptions.
About DUKE Robotics Corp.
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