Crisp Momentum Inc.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsCrisp Momentum Inc. is a U.S.-based media and technology company producing and distributing short-form scripted video, or microdramas, through its own streaming platform and third-party partners.
What they do
Crisp creates and acquires short-form scripted series, typically 1-2 minute episodes released in multi-episode arcs, and distributes them via the Crisp mobile-first platform, major international app stores, social and entertainment networks, and third-party streaming and OTT partners. It monetizes through subscriptions, advertising, in-app purchases, brand integrations, merchandising, licensing, and fan-service offerings. The company was previously OpenLocker Holdings, Inc. and pivoted from blockchain and digital assets after acquiring Crisp Momentum Inc. on August 28, 2025.
Revenue drivers
- Subscription and in-app purchases — The Crisp platform supports subscription-based access, advertising-based viewing, and in-app purchases; recent quarterly revenue has been minimal, ranging from $87 to $2,982.
- Advertising and brand integrations — Revenue streams include advertising, brand integrations, and product placement, though no segment-level dollar figures are disclosed.
- Licensing and merchandising — Licensing arrangements with domestic and international platforms, plus merchandising and collectibles, are listed revenue streams with no discrete reported amounts.
- Fan-service and premium content — Fan-service engagement and premium content sales round out the monetization model, but the filings do not break out their contribution.
Recent performance
Annual revenue was $26,586 thousand in 2024 and $35,676 thousand in 2025, while net income was -$778 thousand and -$8.1 million, respectively. Diluted EPS was -$0.02 in 2024 and -$0.04 in 2025. Operating cash flow was -$340,769 in 2024 and -$422,410 in 2025. Recent quarterly revenue was $87 in 2025-01-31, $2,982 in 2025-10-31, $492 in 2026-01-31, and $175 in 2026-04-30. As of 2026-04-30, total assets and total liabilities were $1.3 million each, with shareholder equity of $53,371.
Strategy
Management's stated long-term strategy is to build a global library of premium short-form IP across multiple genres and capture a meaningful share of the microdrama market. The company aims to expand internationally through partnerships, localized production, and diversified monetization, citing a western first-mover advantage. It also cites a global microdrama market projected to grow from $2 billion in 2024 to $10 billion by 2028. The company notes China's microdrama market at approximately $6.9 billion with 400 million daily active users. No specific capital expenditure or content investment figures are disclosed in the excerpts.
Risks
- Early-stage company — Crisp has a limited operating history, which management states may not provide an adequate basis to judge future prospects and results.
- Going concern — In the past, auditors have indicated substantial doubt about the company's ability to continue as a going concern.
- Additional funding needs — The company states it may suffer from lack of availability of additional funds.
- Scaling risk — Management states it may be unable to scale operations successfully, which could impair its microdrama platform growth.
Outlook
Management describes the global microdrama market as fast-growing and western markets as underserved, and positions Crisp to expand internationally through partnerships and localized production. The company intends to build a global library of premium short-form IP and scale its platform. However, given the limited operating history and going-concern language, no specific forward financial guidance is provided in the excerpts. Recent quarterly revenue remains very small, and the company reported negative operating cash flow.