DarkIris Inc. (DKI) AI Stock Summary

Snapshot

DarkIris is a tiny Hong Kong mobile-game and AI-content company that just had a brutal year: FY2025 revenue collapsed 83.7% to $1.3M, swinging from a $1.1M profit to a $1.1M loss. Gross margin is still positive at 24.8%, but operating expenses swamped it. Cash is down to $60K, and the company just filed to raise money through a heavily dilutive warrant structure.

What's Happening Right Now

• Tue 6th Oct '26 · Reverse split: On Oct 6, 2026, shareholders approved authority for up to two more 50:1 reverse splits (2,500:1 combined) if the share price stays below $1, and gave Class B shares 200 votes each.
• Wed 30th Sep '26 · Offering filed: On Sept 30, 2026, DarkIris filed to raise up to $5.0M via units with zero-cost warrants that could dilute shares by about 96%, at a price well below the market level, with no minimum raise guaranteed.
• Wed 30th Sep '26 · AI platform update: On Sept 30, 2026, DarkIris said its Cine3.AI video platform is in pre-launch testing, formed a new US subsidiary, and is developing a new strategy game targeting open beta in Q2 2027.
• Wed 30th Sep '26 · Registration: Registered 56.55M shares for sale on Form S-1.
• Wed 9th Sep '26 · Earnings: H1 FY2026 revenue rose 13.9% to $5.93M, but the company swung to a $1.90M net loss, cash fell to $0.47M, and the filing disclosed a going-concern warning.
• Wed 9th Sep '26 · Share authorization: On Aug 6, 2026, shareholders authorized a huge increase in authorized shares and board power to do reverse splits up to 3,000:1, stacking on an earlier 16:1 split.
• Fri 24th Apr '26 · Offering: Raised $3.79M in gross proceeds through a private placement (PIPE).
• Fri 24th Apr '26 · Offering: Closed an offering. Proceeds are not disclosed in the filings reviewed.

Bottom Line

DarkIris is a distressed micro-cap: revenue cratered, cash is nearly gone, and the company's own interim filings disclosed a going-concern warning (doubt about its ability to keep operating). On top of that, it just filed for an offering that could dilute existing shareholders by roughly 96% and has approved authority for reverse splits as steep as 2,500:1, both signs of a company fighting to stay listed and funded. A reader would want to treat this as a high-risk situation, not a routine small-cap story.