Hawkeye Digital, Inc.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsHawkeye Systems, Inc. is a shell company with no revenue, negative equity, and a recent change in control aimed at pivoting to merchant banking and digital assets.
What they do
Hawkeye Systems historically sold PPE until July 2021. It has since had no operating revenues. The company plans to become a private equity and corporate advisory firm, focusing on digital assets and frontier finance/technology verticals. It also entered an agreement to form Rift Cyber LLC, a cybersecurity venture developing a smart sensor ecosystem.
Revenue drivers
- None — The company reported zero revenue for all recent quarters and fiscal years since 2022. There are no current revenue-generating operations.
Recent performance
For the nine months ended March 31, 2026, the company reported net loss of $326,609, with zero revenue. Operating expenses for the nine months were $120,070, down from $160,334 in the prior-year period. Cash at March 31, 2026 was only $385, down from $24,994 a year earlier. The company had $3.4 million in total liabilities and negative shareholder equity of $-3.3 million.
Strategy
Management intends to raise capital to invest in and acquire controlling interests in companies fitting its investment criteria. The April 1, 2026 change in control led to the conditional appointment of four new directors. The company is also pursuing the Rift Cyber LLC venture, which aims to create a unified smart sensor ecosystem and an application called Rythe for physical asset monitoring and behavior anomaly detection. The company plans to sell equity or debt securities to fund operations.
Risks
- Going concern — The company states it has recurring losses and insufficient cash to cover next 12 months; its financial statements are prepared on a going concern basis.
- Minimal cash — Cash and equivalents of $385 at March 31, 2026 can fund only a few days of operations and is far below current expense levels.
- No revenue — The company has had zero operating revenues since 2022; all reported periods show nil income from operations.
- Dependence on related-party funding — Operations are funded by promissory notes from a related party; recent borrowing of $27,463 was recorded under accounts payable related party, indicating reliance on a single source.
Outlook
Management expects to require additional capital to develop its business plan and anticipates raising funds through equity or debt offerings. The new board and change in control may pivot the company toward merchant banking and digital assets. The Rift Cyber venture is still in early development with no announced revenue or product launch.