DarkPulse, Inc. (DPLS) AI Stock Summary
Going-concern warning, severe dilution
Updated
Snapshot
DarkPulse is a tiny micro-cap technology company with $308K in FY 2025 revenue and a net loss of $3.0M, far exceeding sales. It holds only $83K in cash against $1.6M in debt, and its auditor issued a going-concern warning, meaning serious doubt about its ability to keep operating. Share count ballooned from 90.9M to over 226M in 2026 through dilutive financing.
What's Happening Right Now
- Thu 1st Oct '26 · Patent license: DarkPulse signed an exclusive patent license with the Air Force Research Laboratory covering six technology patents related to satellite power and laser systems.
- Thu 17th Sep '26 · Auditor change: DarkPulse dismissed its auditor and hired a new one; the dismissed auditor's reports for fiscal 2024 and 2025 both carried going-concern doubt language.
- Thu 10th Sep '26 · Going-concern: The 10-Q for the quarter ended June 30, 2026 disclosed just $83,182 in cash, a going-concern warning, and current liabilities exceeding current assets by over $20M, with shares outstanding more than doubling from 90.9M to 195.0M during the period.
- Thu 10th Sep '26 · Debt financing: DarkPulse borrowed $2.78M via promissory notes to cover a bid deposit for an asset acquisition out of receivership; the deal was never finalized and the notes are due regardless of the outcome.
- Wed 9th Sep '26 · Late filing: DarkPulse filed a late-filing notice for its Q2 2026 10-Q, citing an inability to complete the audit review process in time.
Bottom Line
This is a distressed micro-cap: losses far exceed revenue, cash is nearly exhausted at $83K, and auditors have flagged doubt about the company's ability to continue operating. A new Air Force patent license is a notable development, but it comes with a 30-month commercialization timeline and no near-term revenue. The share count has exploded through dilutive financing, and a failed acquisition attempt left DarkPulse owing $2.78M regardless of the outcome. A reader would need to see real cash and revenue improvement to change this picture.