DUKE Robotics (DUKR)
Market Price (9/21/2026): $5.42 | Market Cap: $15.3 MilSector: Industrials | Industry: Aerospace & Defense
DUKE Robotics (DUKR)
Market Price (9/21/2026): $5.42Market Cap: $15.3 MilSector: IndustrialsIndustry: Aerospace & Defense
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -42% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 53% Megatrend and thematic driversMegatrends include Automation & Robotics. Themes include Industrial Robotics, Factory Automation, and Process / Warehouse Automation. | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.1 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -551% Expensive valuation multiplesP/SPrice/Sales ratio is 40x Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 107% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -396%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -424% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19% High stock price volatilityVol 12M is 118% Key risksDUKR key risks include [1] a heavy reliance on its collaboration with Elbit Systems for its military and defense segment and [2] significant revenue concentration in its civilian business with a single customer, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -42% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 53% |
| Megatrend and thematic driversMegatrends include Automation & Robotics. Themes include Industrial Robotics, Factory Automation, and Process / Warehouse Automation. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.1 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -551% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 40x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 107% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -396%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -424% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19% |
| High stock price volatilityVol 12M is 118% |
| Key risksDUKR key risks include [1] a heavy reliance on its collaboration with Elbit Systems for its military and defense segment and [2] significant revenue concentration in its civilian business with a single customer, Show more. |
Qualitative Assessment
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DUKE Robotics (DUKR) stock has lost about 30% since 5/31/2026 because of the following key factors:
1. Widening Net Losses and Increased Operating Expenses.
DUKE Robotics experienced a significant deterioration in its profitability, reporting a net loss of $726,000 for fiscal Q2 2026, which is substantially wider than the $269,000 net loss recorded in fiscal Q2 2025. The company's net loss for the first six months of fiscal 2026 also increased to $1.65 million, up from $0.55 million in the prior year. This was largely driven by a rise in general and administrative expenses, which reached $1.41 million for the first six months of fiscal 2026, compared to $0.57 million in the same period of 2025.
2. Significant Share Dilution from May 2026 Public Offering.
The company completed an underwritten public offering in May 2026, raising approximately $9.2 million in gross proceeds. While improving liquidity, this offering led to substantial dilution for existing shareholders, with the number of outstanding common shares increasing to 3,407,978 as of June 30, 2026, from 2,177,045 at the end of fiscal 2025.
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DUKE Robotics (DUKR) stock has lost about 30% since 5/31/2026 because of the following key factors:
1. Widening Net Losses and Increased Operating Expenses.
DUKE Robotics experienced a significant deterioration in its profitability, reporting a net loss of $726,000 for fiscal Q2 2026, which is substantially wider than the $269,000 net loss recorded in fiscal Q2 2025. The company's net loss for the first six months of fiscal 2026 also increased to $1.65 million, up from $0.55 million in the prior year. This was largely driven by a rise in general and administrative expenses, which reached $1.41 million for the first six months of fiscal 2026, compared to $0.57 million in the same period of 2025.
2. Significant Share Dilution from May 2026 Public Offering.
The company completed an underwritten public offering in May 2026, raising approximately $9.2 million in gross proceeds. While improving liquidity, this offering led to substantial dilution for existing shareholders, with the number of outstanding common shares increasing to 3,407,978 as of June 30, 2026, from 2,177,045 at the end of fiscal 2025.
3. Auditor's Going Concern Explanatory Paragraph.
DUKE Robotics' independent auditor's report on its fiscal year 2025 financial statements included a "going-concern" explanatory paragraph. This cautionary statement highlighted significant losses, negative cash flows from operations, and an accumulated deficit, raising substantial doubt about the company's ability to continue as a going concern and eroding investor confidence.
4. Persistent Low Revenue Despite Growth Initiatives.
Despite efforts to expand operations, DUKE Robotics' revenue growth remains modest compared to its escalating losses. The company reported fiscal Q2 2026 revenue of $149,000, only a slight increase from $143,000 in fiscal Q2 2025. Furthermore, the trailing-twelve-month revenue stood at $377,000 with a net margin of -499.5%, indicating that sales are not adequately offsetting the high operational costs. Although an expanded contract with Israel Electric Corporation is anticipated to generate over $1 million in revenue during fiscal 2026, this revenue is largely expected later in the year and has not yet significantly impacted the company's financial performance within the analyzed period.
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Stock Movement Drivers
Fundamental Drivers
The -31.8% change in DUKR stock from 5/31/2026 to 9/20/2026 was primarily driven by a -19.4% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312026 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.01 | 5.46 | -31.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 1.6% |
| P/S Multiple | 48.3 | 40.2 | -16.8% |
| Shares Outstanding (Mil) | 2 | 3 | -19.4% |
| Cumulative Contribution | -31.8% |
Market Drivers
5/31/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| DUKR | -31.8% | |
| Market (SPY) | 0.9% | -9.5% |
| Sector (XLI) | -2.0% | -1.1% |
Fundamental Drivers
The -27.8% change in DUKR stock from 2/28/2026 to 9/20/2026 was primarily driven by a -22.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282026 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.57 | 5.46 | -27.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | -3.0% |
| P/S Multiple | 41.9 | 40.2 | -4.0% |
| Shares Outstanding (Mil) | 2 | 3 | -22.5% |
| Cumulative Contribution | -27.8% |
Market Drivers
2/28/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| DUKR | -27.8% | |
| Market (SPY) | 11.6% | -17.0% |
| Sector (XLI) | -3.9% | -5.6% |
Fundamental Drivers
The -27.2% change in DUKR stock from 8/31/2025 to 9/20/2026 was primarily driven by a -38.7% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.50 | 5.46 | -27.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 52.6% |
| P/S Multiple | 65.6 | 40.2 | -38.7% |
| Shares Outstanding (Mil) | 2 | 3 | -22.2% |
| Cumulative Contribution | -27.2% |
Market Drivers
8/31/2025 to 9/20/2026| Return | Correlation | |
|---|---|---|
| DUKR | -27.2% | |
| Market (SPY) | 19.4% | 2.2% |
| Sector (XLI) | 12.8% | 1.7% |
Fundamental Drivers
nullnull
Market Drivers
8/31/2023 to 9/20/2026| Return | Correlation | |
|---|---|---|
| DUKR | ||
| Market (SPY) | 75.6% | 5.9% |
| Sector (XLI) | 63.4% | 5.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DUKR Return | - | - | - | 170% | 63% | -13% | 286% |
| Peers Return | -4% | 3% | 35% | 15% | 63% | -16% | 111% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| DUKR Win Rate | - | - | - | 50% | 33% | 44% | |
| Peers Win Rate | 47% | 47% | 61% | 42% | 53% | 57% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| DUKR Max Drawdown | - | - | - | - | -72% | -58% | |
| Peers Max Drawdown | -45% | -41% | -33% | -30% | -34% | -53% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FLY, ATRO, AVAV, CODA, FBDT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)
How Low Can It Go
| Event | DUKR | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -48.4% | -18.8% |
| % Gain to Breakeven | 93.6% | 23.1% |
| Time to Breakeven | 31 days | 79 days |
In The Past
DUKE Robotics's stock fell -48.4% during the 2025 US Tariff Shock. Such a loss loss requires a 93.6% gain to breakeven.
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| Event | DUKR | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -48.4% | -18.8% |
| % Gain to Breakeven | 93.6% | 23.1% |
| Time to Breakeven | 31 days | 79 days |
In The Past
DUKE Robotics's stock fell -48.4% during the 2025 US Tariff Shock. Such a loss loss requires a 93.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About DUKE Robotics (DUKR)
DUKE Robotics (DUKR) is a technology company specializing in the development of advanced robotic and drone-based systems, serving both military and civilian sectors. The company's core expertise lies in creating innovative solutions for remote operations, particularly through stabilization technology for weapon systems and specialized drones for industrial maintenance.
One of DUKR's main offerings is a stabilized weapons drone system, initially called "TIKAD" and now marketed by its collaborator, Elbit Systems Land Ltd., as "Bird of Prey." This system enables remote, real-time, pinpoint-accurate firing of small arms and light weapons from unmanned aerial systems and other military platforms. DUKE Robotics generates revenue from royalties on sales by Elbit and also earns commissions from its own expanded marketing efforts directly to military, defense, homeland security, and para-military customers globally.
In the civilian market, DUKR provides drone-based solutions for critical infrastructure maintenance. Its primary service involves utilizing specialized Insulator Cleaning (IC) Drones to conduct routine maintenance, specifically cleaning electric utility cable insulators. The company recently launched its next-generation ICDS2 system, which boasts extended flight time, higher payload capacity, and enhanced stability. This system is actively deployed for customers like the Israel Electric Corporation Ltd., offering a highly efficient method for maintaining essential utility infrastructure.
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It's like AeroVironment, known for its military drones, but also providing specialized industrial drone services like automated power line cleaning.
Imagine a Boston Dynamics that specializes in advanced drone and robotic systems for both military applications (like weapon stabilization) and unique industrial services (like power line cleaning).
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- Stabilized Weapons Drone System (TIKAD / Bird of Prey): An advanced robotic stabilization system integrated into unmanned aerial systems for remote, real-time, pinpoint-accurate firing of small arms and light weapons, primarily for military and security applications.
- Insulator Cleaning (IC) Drone System and Services: A drone technology (IC Drone, ICDS2) and accompanying services designed for conducting routine maintenance of critical infrastructure, specifically focusing on cleaning electric utility cable insulators.
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DUKE Robotics (DUKR) primarily sells to other companies and institutions. Its major customers include:
- Israel Electric Corporation Ltd. (IEC): This is a direct customer for DUKE Robotics' Insulator Cleaning (IC) Drone system, utilizing their technology for routine maintenance of critical infrastructure. The IEC is a state-owned company in Israel and is not publicly traded.
- Elbit Systems Land Ltd. (Elbit): DUKE Robotics has a significant collaboration agreement with Elbit Systems Land Ltd. for the global marketing, sales, production, and further development of their advanced robotic system ("Bird of Prey"). While Elbit acts as a partner and channel for sales to military, defense, home-land security, and para-military customers, DUKE Robotics receives royalties and commission fees from proceeds generated through this collaboration. Elbit Systems Land Ltd. is a subsidiary of Elbit Systems Ltd. (NASDAQ: ESLT).
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Yossef Balucka, Chief Executive Officer & President
Mr. Balucka has served as CEO and President of Duke Robotics Corp. since March 2021. Prior to entering the private sector, he served for twenty-five years in various field and headquarters positions in the Israeli Navy, retiring as a Colonel. From 2014 to 2016, Mr. Balucka was a senior executive and management member for retail and customer service at Partner Communications Ltd., a leading mobile telecommunications company in Israel. Subsequently, from 2017 to 2019, he held the position of CEO of Electra Technologies Ltd., a division of Electra Ltd., which operates in integrated electro-mechanical and construction fields. Since 2019, he has provided global strategic consulting services in the defense sector for international corporations, including Elbit Systems.
Shlomo Zakai, Chief Financial Officer
Mr. Zakai brings extensive experience in similar financial positions with companies operating in international markets and related industries. Before joining Duke Robotics Corp., he served as a senior executive for financial and accounting functions at Electra Technologies Ltd. from 2018 to 2021 and was the CFO of an Israeli publicly traded company from 2012 to 2017.
Sagiv Aharon, Co-Founder, CTO & Director
Mr. Aharon is a co-founder of the company. He previously served as Chief Executive Officer and President of Duke Robotics Corp. before stepping down in March 2021 to continue his role as Chief Technology Officer and Director.
Vadim Maor, Chief Technology Officer
Mr. Maor is an experienced head of R&D and technology operations within the computer software industry, possessing strong professional skills in product and technology development (IT & SaaS) and enterprise architecture design. Since 2019, he has been providing consulting and development services as a freelance CTO for various technology companies.
Alexandra Papaconstantinou, Managing Director of Duke Robotics Hellas (Greece)
Mrs. Papaconstantinou was appointed Managing Director of Duke Robotics Hellas (Greece), the company's wholly owned Greek subsidiary, in March 2025. She possesses extensive experience in corporate management, engineering, and business development, coupled with a strong network within the public and corporate sectors in Greece. Her career includes serving as Managing Director of an industrial engineering firm from 2004 to 2019 and acting as an agent for an Israeli engineering company in Greece since 2006. Additionally, since 2019, she has been the General Manager of a real estate company.
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Key Risks to DUKE Robotics (DUKR)
- Dependence on Collaboration with Elbit Systems: DUKE Robotics' military and defense segment heavily relies on its collaboration agreement with Elbit Systems Land Ltd. for the global marketing, sales, production, and further development of its advanced robotic stabilization system (TIKAD/Bird of Prey). While Duke Robotics can now also market the system, its revenue in this segment, comprising royalties and commission fees, is significantly tied to the success and terms of this partnership. Any changes to the agreement, issues with Elbit's performance, or a termination of the collaboration could materially impact DUKE Robotics' financial performance and market reach in the defense sector.
- Concentration of Civilian Business with a Single Customer: The company's civilian drone-based solutions for infrastructure maintenance, specifically electric utility insulator cleaning, are primarily centered around its agreement with Israel Electric Corporation Ltd. (IEC). Although DUKE Robotics has renewed its agreement with the IEC and launched its next-generation IC Drone System (ICDS2), a substantial portion of its civilian revenue appears to stem from this single customer. The loss of the IEC contract, a reduction in demand from the IEC, or increased competition specifically for this service could have a significant adverse impact on the company's civilian segment revenues.
- Competition and Rapid Technological Change: DUKE Robotics operates in highly dynamic and competitive markets for both military/defense and civilian drone technologies. The rapid pace of technological advancements means that the company must continuously innovate to maintain its competitive edge. Larger, more established defense contractors or other specialized robotics companies could develop competing or superior systems, while other drone manufacturers or service providers could offer more cost-effective or advanced solutions for infrastructure maintenance. Failure to keep pace with technological advancements or intense market competition could negatively affect the company's ability to secure new contracts and retain existing business.
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DUKE Robotics (symbol: DUKR) operates in two primary markets: military and defense, with its advanced robotic stabilization system for small arms and light weapons (marketed as TIKAD and "Bird of Prey"), and civilian infrastructure maintenance, specifically electric utility insulator cleaning, with its IC Drone system.
Military and Defense Market (Armed Drones/UAS with Weapon Stabilization)
The global military drone market, which encompasses DUKE Robotics' advanced robotic stabilization system for armed unmanned aerial systems (UAS), was estimated at USD 47.38 billion in 2025. This market is projected to grow to USD 98.24 billion by 2033, demonstrating a compound annual growth rate (CAGR) of 8.9% from 2026 to 2033.
Civilian Infrastructure Maintenance Market (Electric Utility Insulator Cleaning Drones)
For DUKE Robotics' civilian drone-based solutions focused on electric utility insulator cleaning, the global inspection drones in the electric power market stood at USD 85.56 million in 2025. This market is projected to reach USD 287.79 million by 2035, growing at a CAGR of 13.0% during the forecast period from 2026 to 2035.
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Expected Drivers of Future Revenue Growth for DUKE Robotics (DUKR)
- Expanded Market for Stabilized Weapons Drone System ("Bird of Prey"): The April 2, 2025, Supplement Letter with Elbit Systems Land Ltd. broadens DUKE Robotics' ability to market the "Bird of Prey" system to military, defense, homeland security, and paramilitary customers. This expansion of marketing reach, coupled with commission fees on new sales in addition to existing royalties, is expected to drive increased revenue over the next 2-3 years.
- Growth of the Insulator Cleaning (IC) Drone System (ICDS2): The successful commencement of the 2025 insulator cleaning season with Israel Electric Corporation Ltd. (IEC) and the launch of the next-generation ICDS2 on June 10, 2025, are significant drivers. The ICDS2 features technological advancements such as extended flight time, higher payload capacity, enhanced stability, advanced radar, and improved cleaning durability. These improvements, along with a full-season operational timeline compared to the previous year's mid-season start, are anticipated to increase demand for their services and secure more contracts, driving revenue growth.
- Adaptability and Diversification of Robotic Stabilization Technology: While initially designed for Unmanned Aerial Systems (UAS), DUKE Robotics' advanced robotic stabilization system is adaptable to other military platforms and civilian applications. This inherent versatility suggests potential future revenue streams from the application of their core technology in new market segments beyond current drone systems, though specific new applications beyond current offerings are not explicitly detailed.
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Peer Outperformance in Aerospace & Defense
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 7.0% | 104.6% | 189.6% | FIX 2338% · STRL 2296% · CDNL 2275% |
| Marine Transportation | 5 | 88.1% | 65.8% | 180.5% | HOS 44163% · MATX 208% · SFL 181% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 11.7% | 58.9% | 128.8% | CAT 364% · ALSN 258% · WAB 236% |
| Aerospace & Defense ← | 55 | -6.5% | 68.9% | 75.0% | ATI 1076% · FTAI 1008% · HWM 661% |
| Rail Transportation | 7 | 29.3% | 58.4% | 59.0% | FSTR 147% · CSX 70% · RAIL 69% |
| Trading Companies & Distributors | 19 | 4.3% | 37.2% | 50.9% | DXPE 581% · AIT 305% · WCC 222% |
| Industrial Machinery & Supplies & Components | 72 | 9.1% | 51.5% | 43.2% | CRS 1278% · PSIX 1091% · EROC 652% |
| Diversified Support Services | 33 | 13.4% | 34.2% | 36.0% | LIME 3498% · TH 459% · WLFC 363% |
| Passenger Ground Transportation | 3 | -28.4% | 46.2% | 31.6% | UBER 59% · CAR 32% · LYFT -72% |
| Cargo Ground Transportation | 16 | 34.4% | 2.3% | 27.6% | R 251% · XPO 242% · CVLG 163% |
| Electrical Components & Equipment | 41 | 3.4% | 58.5% | 24.2% | POWL 2383% · BE 1333% · VRT 958% |
| Building Products | 33 | -14.7% | 3.4% | 20.0% | LMB 728% · GFF 398% · PPIH 301% |
| Industrial Conglomerates | 17 | 7.9% | 6.5% | 7.9% | RCMT 524% · CSW 142% · DD 76% |
| Agricultural & Farm Machinery | 17 | 6.4% | 4.5% | -2.4% | BLBD 214% · DE 117% · GENC 58% |
| Environmental & Facilities Services | 29 | -11.1% | 24.2% | -7.2% | CECO 929% · ADUR 404% · NVRI 376% |
| Research & Consulting Services | 13 | -12.7% | -22.8% | -10.5% | HURN 219% · CRAI 92% · GRNQ 67% |
| Data Processing & Outsourced Services | 6 | -33.4% | -14.8% | -24.6% | EXLS 46% · BR 10% · G -23% |
| Passenger Airlines | 11 | 3.2% | 13.3% | -27.7% | LTM 3169% · UAL 145% · SKYW 113% |
| Office Services & Supplies | 9 | 7.4% | 12.6% | -32.7% | PBI 202% · TILE 148% · HNI 51% |
| Human Resource & Employment Services | 22 | 6.5% | -15.5% | -36.3% | BBSI 89% · ADP 54% · PAYX 25% |
| Air Freight & Logistics | 12 | -18.0% | -19.7% | -39.1% | CHRW 97% · EXPD 67% · FDX 66% |
| Security & Alarm Services | 10 | -37.7% | 22.8% | -44.9% | CIX 157% · MG 128% · BCO 68% |
| Airport Services | 3 | -75.1% | -78.7% | -61.9% | JOBY -35% · ASLE -62% · UP -100% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 15.90 |
| Mkt Cap | 2.8 |
| Rev LTM | 144 |
| Op Inc LTM | -16 |
| FCF LTM | -5 |
| FCF 3Y Avg | 13 |
| CFO LTM | -4 |
| CFO 3Y Avg | 23 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 52.6% |
| Rev Chg 3Y Avg | 15.0% |
| Rev Chg Q | 27.0% |
| QoQ Delta Rev Chg LTM | 6.2% |
| Op Inc Chg LTM | -52.2% |
| Op Inc Chg 3Y Avg | 268.5% |
| Op Mgn LTM | -334.3% |
| Op Mgn 3Y Avg | -208.7% |
| QoQ Delta Op Mgn LTM | 3.2% |
| CFO/Rev LTM | -244.0% |
| CFO/Rev 3Y Avg | -164.8% |
| FCF/Rev LTM | -269.0% |
| FCF/Rev 3Y Avg | -177.2% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2021 | 2017 |
|---|---|---|---|---|---|
| Civil applications segment | 0 | 0 | 0 | 0 | 0 |
| Total | 0 | 0 | 0 | 0 | 0 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Civil applications segment | -1 | -1 |
| Total | -1 | -1 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Civil applications segment | -1 | -1 |
| Total | -1 | -1 |
| $ Mil | 2022 | 2020 | 2019 | 2018 | 2016 |
|---|---|---|---|---|---|
| Civil applications segment | 3 | 0 | 0 | 0 | 0 |
| Total | 3 | 0 | 0 | 0 | 0 |
Price Behavior
| Market Price | $5.46 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 06/26/2017 | |
| Distance from 52W High | -55.8% | |
| 50 Days | 200 Days | |
| DMA Price | $6.67 | $7.23 |
| DMA Trend | indeterminate | up |
| Distance from DMA | -18.2% | -24.5% |
| 3M | 1YR | |
| Volatility | 39.3% | 149.1% |
| Downside Capture | -159.38 | 118.43 |
| Upside Capture | -60.03 | 0.51 |
| Correlation (SPY) | -28.5% | 1.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.06 | -3.13 | -1.44 | -0.61 | 0.18 | -0.13 |
| Up Beta | 0.01 | -7.52 | -3.84 | -1.79 | -1.27 | 1.34 |
| Down Beta | 2.74 | 1.16 | 0.57 | 0.44 | -0.09 | 0.06 |
| Up Capture | -94% | -283% | -165% | -57% | 33% | 195% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 12 | 13 | 13 | 21 | 83 | 175 |
| Down Capture | -455% | -174% | -93% | -56% | 96% | 97% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 9 | 10 | 10 | 16 | 74 | 159 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DUKR | |
|---|---|---|---|---|
| DUKR | -36.0% | 134.2% | 0.10 | - |
| Sector ETF (XLI) | 13.5% | 17.2% | 0.57 | 1.1% |
| Equity (SPY) | 16.9% | 12.9% | 0.94 | 3.3% |
| Gold (GLD) | 19.1% | 29.3% | 0.60 | 5.1% |
| Commodities (DBC) | 46.3% | 20.6% | 1.73 | 14.6% |
| Real Estate (VNQ) | 4.9% | 13.6% | 0.10 | -7.2% |
| Bitcoin (BTCUSD) | -30.6% | 44.3% | -0.70 | 15.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DUKR | |
|---|---|---|---|---|
| DUKR | 14.4% | 342.2% | 1.41 | - |
| Sector ETF (XLI) | 12.4% | 17.6% | 0.54 | 5.2% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 7.3% |
| Gold (GLD) | 19.1% | 18.8% | 0.83 | -0.8% |
| Commodities (DBC) | 11.2% | 19.5% | 0.45 | 5.0% |
| Real Estate (VNQ) | 1.1% | 18.8% | -0.05 | 3.9% |
| Bitcoin (BTCUSD) | 12.5% | 52.5% | 0.42 | 18.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DUKR | |
|---|---|---|---|---|
| DUKR | 7.0% | 342.2% | 1.41 | - |
| Sector ETF (XLI) | 13.1% | 20.1% | 0.57 | 5.2% |
| Equity (SPY) | 15.1% | 18.0% | 0.72 | 7.3% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | -0.8% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 5.0% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.18 | 3.9% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | 18.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/13/2026 | 10-Q |
| 03/31/2026 | 05/20/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 03/20/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/24/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/13/2026 | 10-Q |
| 03/31/2026 | 05/20/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 03/20/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/24/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
| 12/31/2021 | 03/07/2022 | 10-K |
| 09/30/2021 | 11/05/2021 | 10-Q |
| 06/30/2021 | 08/12/2021 | 10-Q |
| 03/31/2021 | 05/24/2021 | 10-Q |
| 12/31/2020 | 03/30/2021 | 10-K |
| 09/30/2020 | 11/12/2020 | 10-Q |
| 06/30/2020 | 08/11/2020 | 10-Q |
| 03/31/2020 | 05/20/2020 | 10-Q |
| 12/31/2019 | 04/13/2020 | 10-K |
| 09/30/2019 | 11/14/2019 | 10-Q |
Recent Forward Guidance
Updated 8/14/2026Latest: Q2 2026 Earnings Reported 8/13/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 1.00 Mil | 0 | Affirmed | Guidance: 1.00 Mil for 2026 | |||
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Aerospace & Defense Resources |
| Defense News |
| FlightGlobal |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.