Tue, May 13, 6:45 PM (61 days ago)
**Hawkeye Systems, Inc. (HAWK) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** No revenue reported for Q1 2025 and Q1 2024. - **Net Loss:** $102,987 for Q1 2025, slightly higher than $99,470 in Q1 2024. - **Operating Expenses:** $40,082 for Q1 2025, nearly the same as $40,224 in Q1 2024. - **Cash Flow:** Net cash used in operating activities was $137,278 for Q1 2025, compared to $134,053 in Q1 2024. - **Cash Balance:** $24,994 as of March 31, 2025, up from $58 in 2024. **Profit Margins and Earnings Changes:** - **Gross Margin:** Not applicable due to zero revenue. - **Operating Margin:** Negative, with operating losses of $40,082 for Q1 2025. - **Net Margin:** Negative, with net losses of $102,987 for Q1 2025. **Trends and Uncertainties:** - **Operational Trends:** The company is in a development stage, focusing on cybersecurity through Rift Cyber LLC. - **Financial Trends:** Continued losses and reliance on related-party funding. - **Uncertainties:** Significant doubt about the ability to continue as a going concern due to accumulated deficits and lack of operational revenue. **Future Operations and Impact:** - **Strategic Realignment:** Focus on cybersecurity through Rift Cyber LLC. - **Funding:** Plans to raise additional capital through equity or debt securities. - **Going Concern:** Substantial doubt about the ability to continue operations without additional funding. **Key Metrics:** - **Total Assets:** $31,494 as of March 31, 2025. - **Total Liabilities:** $2,982,903 as of March 31, 2025. - **Stockholders' Deficit:** $2,951,409 as of March 31, 2025. **Conclusion:** Hawkeye Systems, Inc. continues to face significant financial challenges, with no revenue and increasing losses. The company's strategic shift towards cybersecurity through Rift Cyber LLC is a key focus, but its ability to continue operations depends heavily on securing additional funding. The going concern status highlights the urgent need for financial stability and operational revenue.