Hawkeye Systems, Inc. reported its financial results for the three months ending September 30, 2025, revealing a net loss of $101,533, a decrease from a net loss of $156,720 during the same period in 2024. The company had no revenue for both periods, and total operating expenses fell significantly to $33,507 from $95,546 year-over-year. This reduction in expenses was primarily attributed to lower professional fees, management compensation, and general administrative costs. The loss per share for the latest quarter was $0.01, compared to $0.02 in the prior year.
The company's balance sheet as of September 30, 2025, showed total assets of $79,818, an increase from $57,917 as of June 30, 2025. Current assets rose to $15,003, driven by an increase in prepaid expenses and an investment in a subsidiary, Rift Cyber LLC, which amounted to $64,815. Total liabilities remained relatively stable at $3,148,705, with a slight increase in promissory notes payable to related parties. The stockholders' deficit improved marginally to $3,068,887 from $3,077,354.
Strategically, Hawkeye Systems has shifted its focus from personal protective equipment to cybersecurity, forming Rift Cyber LLC in April 2025. The new venture aims to develop technologies that integrate physical and digital security, with the company holding a 25% interest in Rift. This transition reflects a broader strategic realignment as Hawkeye seeks to capitalize on growth opportunities in the cybersecurity sector. The company has also issued shares to settle outstanding accounts payable, indicating ongoing efforts to manage its financial obligations.
Operationally, Hawkeye Systems reported a cash balance of $318 at the end of the quarter, a slight increase from $7 a year earlier. The company continues to rely on related party loans for financing, receiving $69,427 from a promissory note during the quarter. However, management has expressed concerns about the sufficiency of its cash reserves to cover operational expenses over the next 12 months, emphasizing the need for additional capital to support its business plan and ongoing operations.
Looking ahead, Hawkeye Systems plans to raise funds through equity and debt securities to support its operations and the development of Rift's products. The company aims to secure approximately $70,000 per quarter to maintain compliance with regulatory obligations and to fund its strategic initiatives. However, management has cautioned that there are no guarantees regarding the availability of financing or the success of its plans, which raises substantial doubt about the company's ability to continue as a going concern.
About Hawkeye Systems, Inc.
Hawkeye Systems, Inc. is a Nevada-based company seeking to acquire or merge with target businesses across various industries. Its core activities include strategic investments, funding, and development of diversified ventures, with past focus on PPE liquidation. The company emphasizes growth potential, management evaluation, and regulatory compliance, operating without significant revenue or assets, and relies on capital raises and debt to fund ongoing operations and future business combinations.
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