Duke Robotics Reports Third Quarter 2025 Financial Results and Provides Business Update

Core Insights - Duke Robotics Corp. reported significant progress in its international expansion strategy during Q3 2025, particularly in Greece, and noted a growing government focus on drone technologies globally [2][3] Financial Results - Revenue for Q3 2025 was $216,000, a substantial increase from $72,000 in Q3 2024, driven by the expansion of commercial IC Drone service operations [6][13] - Gross profit for Q3 2025 was $123,000, compared to $31,000 in the same period of 2024, reflecting improved operational scale and efficiency [6][13] - R&D expenses for Q3 2025 were $34,000, up from $20,000 in Q3 2024, indicating ongoing investment in advanced technologies [6][13] - G&A expenses for Q3 2025 were $302,000, compared to $229,000 in Q3 2024, primarily due to increased personnel and share-based compensation [6][13] - Operating loss for Q3 2025 was $213,000, a slight improvement from $218,000 in Q3 2024, showing benefits from operating leverage [6][13] - Net loss for Q3 2025 was $230,000, or $(0.00) per share, compared to a net loss of $211,000, or $(0.00) per share, in Q3 2024 [6][13] Year-to-Date Financial Performance - Revenue for the nine months ended September 30, 2025, was $359,000, significantly up from $72,000 in the same period of 2024 [11][13] - Gross profit for the nine-month period was $203,000, compared to $31,000 for the same period in 2024, driven by higher revenues and improved margins [11][13] - R&D expenses for the nine months ended September 30, 2025, were $79,000, down from $137,000 in the same period of 2024, reflecting a shift in resource allocation [11][13] - G&A expenses for the nine-month period were $875,000, compared to $636,000 for the same period in 2024, due to increased personnel and share-based compensation [11][13] - Operating loss for the nine months ended September 30, 2025, was $751,000, compared to $742,000 in the corresponding period of 2024 [11][13] - Net loss for the nine-month period was $778,000, or $(0.01) per share, compared to a net loss of $698,000, or $(0.01) per share, in the same period of 2024 [11][13] Balance Sheet Highlights - Cash and cash equivalents were $361,000 as of September 30, 2025, down from $1.26 million as of December 31, 2024, reflecting ongoing investments and operating cash use [8][12] - Trade receivables totaled $236,000 as of September 30, 2025, primarily from the Israel Electric Corporation [8][12] - The company believes its current cash resources and projected receipts are sufficient to support operations through the second quarter of 2026 [8]