Duke Robotics Corp. develops advanced robotics and drone-based solutions for civilian and defense markets. Company news centers on its Insulator Cleaning Drone system, or IC Drone, which is used for high-voltage electric infrastructure maintenance, including work with utility customers and regulatory authorization for commercial operations in Greece.
Updates also cover product expansion through AEROTRACE, an AI-powered aerial monitoring and intelligence solution for infrastructure assessment and operational planning. Recurring disclosures include market expansion efforts, purchase orders, advisory board and governance changes, private placements, and other capital-structure actions tied to the commercialization of Duke Robotics’ drone technology.
Duke Robotics (Nasdaq: DUKR) appointed Avi Levin as Chief Financial Officer, effective October 1, 2026, succeeding Shlomo Zakai. Zakai is expected to continue providing financial and corporate consulting services to support the transition. The appointment follows Duke Robotics’ recent Nasdaq uplisting and the arrival of Chief Executive Officer Yiftach Kleinman.
Levin is a certified public accountant in the United States and Israel with more than two decades of finance and capital markets experience. Across his career, he has raised more than $130 million through private placements and public offerings with Nasdaq-listed issuers. His previous CFO roles include Ability, RAD Data Communications and BlackSwan Technologies. At Ability, he helped lead three Nasdaq offerings that raised an aggregate of $78 million.
Duke Robotics (DUKR) appointed veteran finance executive Avi Levin as Chief Financial Officer, effective October 1, 2026, succeeding Shlomo Zakai, who is expected to continue as a financial and corporate consultant to support a smooth transition.
The leadership change follows Duke Robotics’ recent Nasdaq uplisting and the arrival of CEO Yiftach Kleinman, as the company seeks to accelerate growth and scale commercial adoption of its drone platforms across civilian utility grid and defense markets. Levin brings more than two decades of corporate finance and capital markets experience, including raising over $130 million through private and public offerings, prior CFO roles at Nasdaq-listed Ability and RAD Data Communications, and senior positions at BlackSwan Technologies, Credit Suisse, Broadridge, Overseas Shipholding Group and PwC.
Duke Robotics (Nasdaq: DUKR) reported Q2 2026 revenue of $149,000, slightly above $143,000 a year earlier, and a net loss of $726,000, or $(0.26) per share, versus a $269,000 loss in Q2 2025. Gross profit was $58,000, with higher cost of revenues tied mainly to depreciation and operational readiness for the 2026 IC Drone season.
The company began an expanded 2026 IC Drone grid-maintenance season with Israel Electric Corporation under a purchase order expected to generate over $1 million in 2026 revenue and received a new Bird of Prey order through Elbit, with related royalties expected upon system deliveries. Duke Robotics completed a Nasdaq uplisting and a public offering generating about $9.2 million in gross proceeds, boosting cash and restricted cash to $6.99 million at June 30, 2026, which the company believes supports operations into 2028. Defense and drone-technology veteran Yiftach Kleinman is slated to become CEO by September 8, 2026.
Duke Robotics (Nasdaq: DUKR) announced confirmation from Elbit Systems Land of a new order for the Bird of Prey stabilized weapons drone system, with deliveries expected later this year. Under their long-term collaboration, Elbit markets the system globally and Duke Robotics earns royalties upon Elbit’s deliveries and related proceeds.
Duke Robotics (Nasdaq: DUKR) appointed defense and drone-technology veteran Yiftach Kleinman as Chief Executive Officer, effective upon his employment, expected no later than September 8, 2026. He will succeed Yossef Balucka, who will remain President.
Kleinman brings over 20 years of defense-sector leadership, including serving as CEO of SpearUAV through large-scale production, OEM partnerships and international contracts prior to its 2025 acquisition by UVision. The leadership change aligns with Duke Robotics’ strategy to expand its defense business following its uplisting to the Nasdaq Capital Market.
Duke Robotics (Nasdaq: DUKR) is advancing its Insulator Cleaning Drone (IC Drone) by integrating it onto a larger commercial-grade airframe to support deployment on large-scale national electricity grids and targeted international markets.
The new platform is designed for higher payload capacity, longer flight duration, and greater per-mission productivity.
Duke Robotics (Nasdaq: DUKR) began its expanded 2026 insulator cleaning drone operations with Israel Electric Corporation under a previously disclosed enlarged service agreement. This is the largest commercial deployment of the IC Drone platform so far, using the second-generation ICDS2 system.
The expanded IEC purchase order is expected to generate over $1 million in 2026 revenue, supporting Duke Robotics’ move toward recurring, scaled service revenue from utility customers and aligning its IC Drone and AEROTRACE tools with global grid modernization initiatives.
Duke Robotics (Nasdaq: DUKR) reported Q1 2026 results with no revenue, consistent with Q1 2025, and a net loss of $921,000 ($0.41 per share). Operating loss was $513,000 and cash was $510,000 on March 31, 2026.
Key updates include launch of the AEROTRACE AI aerial intelligence platform, an expanded Israel Electric Corporation IC Drone contract expected to generate over $1 million in 2026 revenue, and a subsequent $9.2 million underwritten public offering tied to an uplisting to the Nasdaq Capital Market.
Duke Robotics (NASDAQ:DUKR) closed a $9.2 million underwritten public offering of 1,125,000 units at $8.20 per unit. Each unit includes one common share and a five-year warrant exercisable at $8.60. Shares and warrants began trading on Nasdaq on May 15, 2026, as DUKR and DUKRW.
The underwriter has a 45-day over-allotment option for up to 168,750 additional shares and/or warrants. Net proceeds are earmarked for R&D, sales and marketing expansion, business development, potential acquisitions, and general working capital.
Duke Robotics (NASDAQ:DUKR) priced an underwritten public offering of 1,125,000 units at $8.20 per unit, each with one common share and a five-year warrant exercisable at $8.60. Expected gross proceeds are $9.2 million. Shares and warrants uplist to Nasdaq on May 15, 2026.