Duke Robotics reports $108,000 in revenue with a $37,000 gross profit for 2024.

From GlobeNewswire: 2025-03-20 07:35:00

Duke Robotics Corp. reported financial results for Q4 and full year 2024, highlighting a successful transition to commercial operations with their IC Drone technology. Revenue for 2024 was $108,000, with a gross profit of $37,000. The company expanded into European markets by establishing a subsidiary in Greece. Despite a net loss of $985,000 for 2024, Duke Robotics sees potential for growth through their technology. With a cash position of $1,256,000, they remain well-positioned for strategic objectives in 2025. Duke Robotics focuses on advanced stabilization and autonomous solutions for both military and civilian sectors.

In 2024, Duke Robotics had a transformative year, transitioning to commercial operations with their IC Drone technology. Revenue was $108,000, with a gross profit of $37,000. The company launched their IC Drone system officially and secured a service agreement with the Israel Electric Corporation. They expanded into European markets and changed their ticker symbol to “DUKR” to align with their vision. Despite a net loss of $985,000, Duke Robotics sees potential for growth through their innovative solutions. With a cash position of $1,256,000, they aim to execute strategic objectives in 2025 and beyond.



Read more at GlobeNewswire: Duke Robotics Reports 2024 Financial Results and Provides