HWKEOTCPhotographic Equipment & SuppliesUS GAAP · USD

Hawkeye Digital, Inc.

Hawkeye Digital, Inc. is a Nevada-incorporated public company pursuing investments, acquisitions, mergers, and business combinations rather than operating an established product business. Its current portfolio includes a 25% interest in Rift Cyber LLC, which is developing technologies for physical and digital security, including RF environment mapping, authentication, and data aggregation.

Revenue0.0m USD
Operating profit (EBIT)-0.7m USD
−146.7 %y/y
Net income-0.6m USD
−9.5 %y/y

Fiscal year 2026 · change from previous year

Development 2021–2026

-4-2024m USD2021: 2.6 m USD2021: EBIT -2.6 m USD20212022: 0.00 m USD2022: EBIT -1.2 m USD20222023: 0.00 m USD2023: EBIT -1.1 m USD20232024: 0.00 m USD2024: EBIT -0.37 m USD20242025: 0.00 m USD2025: EBIT -0.27 m USD20252026: 0.00 m USD2026: EBIT -0.67 m USD20260.00-0.67
RevenueOperating profit (EBIT)

Business

Share of revenue
Business combinations and investments70 %

Identification, evaluation, financing, and completion of investments or combinations with target businesses.

Cybersecurity technology investment20 %

The 25% Rift Cyber interest provides exposure to physical and digital security technologies.

Legacy PPE activities10 %

Historical personal protective equipment sales that ceased in July 2021.

Customers

Hawkeye does not currently report an established customer base or operating revenue. Its business model is oriented toward prospective acquisition targets, investment partners, capital providers, and shareholders rather than recurring purchasers of photographic or cybersecurity products. Rift Cyber's eventual customers could include organizations seeking physical security, RF-environment intelligence, authentication, or related digital-security capabilities, but the venture had not generated revenue in the cited reports.

Potential acquisition targets

Businesses with growth potential that Hawkeye may acquire, merge with, or consolidate.

Capital providers

Equity, debt, and related-party lenders that finance corporate operations and transactions.

Cybersecurity and physical-security organizations

Potential future users of Rift's RF mapping, authentication, and security technologies.

Public shareholders

Investors exposed to the company's corporate strategy, financing, and future business combinations.

Strategy

Hawkeye's strategy is to use its public-company structure to identify and complete investments or business combinations, with stated interest in cybersecurity and other technology-oriented sectors. The Rift Cyber investment provides a specific technology platform focused on the intersection of physical and digital security. More recent filings also describe an intended expansion toward private equity, corporate advisory, digital assets, and other frontier finance and technology verticals, although execution depends on financing and successful target selection.

Secure operating and transaction capitalShort term

The company requires financing for reporting obligations, operations, and business combinations.

Identify and complete a target business combinationMedium term

A completed transaction is central to converting the corporate vehicle into an operating business.

Advance Rift Cyber's security technologyMedium term

Rift could provide a differentiated technology platform in physical and digital security.

Expand into frontier finance and technology activitiesLong term

Private equity, advisory, and digital-asset activities could broaden the company's strategic opportunity set.

Geography

Hawkeye is incorporated in Nevada and maintains its stated executive office in Savannah, Georgia. Rift Cyber is organized in Nevada, while intellectual property contributors include Jö & Fyse UG and individuals associated with the Rift technology. The reports do not disclose operating revenue by country or regional revenue percentages, and no geographic revenue concentration can therefore be established.

Risks

Hawkeye has limited operating activity, no reported operating revenue in the cited periods, recurring losses, and substantial dependence on external financing. Its acquisition-led model creates uncertainty because no target business has been selected and the risks of any future target may be difficult to assess before closing. Rift's development-stage technology also faces cybersecurity, intellectual-property, commercialization, and execution risks, while concentrated ownership may limit minority shareholder influence.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Going-concern and financing risk1Unidentified acquisition target risk2Ownership concentration risk3Cybersecurity and information-system risk4Related-party financing risk6
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Going-concern and financing riskImpact: CriticalLikelihood: High

    Recurring losses, accumulated deficits, and limited cash require continuing equity, debt, or related-party funding.

    Exposure: Corporate operations and regulatory reporting

  2. Unidentified acquisition target riskImpact: HighLikelihood: Medium

    Investors cannot assess the merits, liabilities, or operating risks of a target that has not yet been selected.

    Exposure: Future business combinations

  3. Ownership concentration riskImpact: HighLikelihood: Medium

    Hawkeye HoldCo and related management interests may control major corporate and board decisions.

    Exposure: Voting control and change-of-control matters

  4. Cybersecurity and information-system riskImpact: HighLikelihood: Low

    Hacking, data loss, service interruption, or theft of intellectual property could damage Rift and Hawkeye.

    ExposureCorporate systemsVendorsPartnersRift technology
  5. Technology commercialization riskImpact: High

    Rift's prototypes and security methods may not achieve technical performance, customer adoption, or commercial scale.

    ExposureRF mappingAuthenticationData systems
  6. Related-party financing riskImpact: MediumLikelihood: Medium

    Historical liquidity has included related-party loans and advances that may not continue on acceptable terms.

    Exposure: Working capital and debt obligations

Accounting

Judgemental items
Going-concern assessment

Recurring losses and limited liquidity create substantial doubt about continued operations.

Impact: Disclosure, liability classification, and investor assessment of viability

Investment in Rift Cyber LLC

Hawkeye owns 25% of a development-stage entity whose value depends on early technology and future commercialization.

Impact: Equity-method accounting, valuation, or impairment may affect earnings and assets

Intellectual property contribution

Rift received technology, source code, and related rights under an IP assignment with stock consideration.

Impact: Recognition and valuation can affect intangible assets and contributed capital

Related-party debt and advances

Loans and advances from affiliated parties have historically funded operations and included interest obligations.

Impact: Interest expense, liabilities, related-party disclosures, and cash flows

Convertible and equity financing

Future funding may involve conversion features, warrants, or equity issuance that require classification judgments.

Impact: Dilution, derivative liabilities, fair values, and earnings volatility

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026