DarkIris Inc.
DKI · Services-Prepackaged Software · EDGAR filings ↗
Reference price $0.35 — last insider purchase, 2026-04-24 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
D40Gaming micro-cap with deep losses and cash burn despite growth.
Strengths
- Adequate liquidity, growth — current ratio 2.9 (77th), revenue +27%
Risks
- Deep losses — operating margin -85%, net margin -86%
- Cash burn — FCF -$0.5M
- Title-success/competition risk — per 10-K
Notable findings
- Net lossNet loss (net margin -85.7%)
- Cash burnNegative free cash flow (-0.5M)
- Customer concentration~100% of revenue from one customer/distributor — 9 million, representing 100% of our total revenue, respectively, from in-game purchase
- Insider buyingInsider buying — 1 open-market buy(s) by 1 insider(s) (~$500,000, last 6mo) Form 4 ↗
Key metrics
Gross margin
24.8%
Operating margin
-85.3%
Net margin
-85.7%
Return on equity
-127.4%
Return on assets
-102.3%
Revenue growth (QoQ)
27.3%
Net-income growth
-887.9%
Current ratio
2.9×
Free cash flow
-$463K
EBITDA
-$9M
Tangible book value
$6M
Stock comp / revenue
87.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-24 | Hong Zhifang | Buy | 1.4M | $0.35 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-01-30 | 2025-09-30 | 0001493152-26-004488 ↗ |