MeritValue

Hawkeye Digital, Inc.

HWKEdata completeness 63%8 fiscal years on file

Data notes: no data for concept 'totalDebt'; no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'; no data for concept 'dividendsPaid'

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$2.56M1$01$02$02—
Net income−$5.2M3−$1.29M4−$1.23M5−$578,7176−$523,3276
Operating cash flow−$1.95M7−$527,0708−$316,4649−$913,48410−$169,95510
Capital expenditure—————
Free cash flow (derived)—————
Total debt—————
Cash & equivalents$282,13111$32512$143,86113$013$50214
Diluted shares17.9M2.6M5.6M6.9M8.7M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
−$3.54
your share of equity
Profit it earned you last year
−$0.6
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$3.54 of net worth that earned you −$0.6 last year.

iii. Is this a good business?
Moat signal · return on equity
— avg · 5y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
−51% shares · 5y

Share count is down 51% over 5 years — management has been buying back stock, quietly handing owners a bigger slice.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.5.0
DCF · Growth Exit 10Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2021-06-30 · accession 0001477932-22-009275 (Revenues)
  2. 10-K · period ending 2023-06-30 · accession 0001477932-24-006059 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2021-06-30 · accession 0001477932-22-009275 (NetIncomeLoss)
  4. 10-K · period ending 2022-06-30 · accession 0001477932-23-007680 (NetIncomeLoss)
  5. 10-K · period ending 2023-06-30 · accession 0001477932-24-006059 (NetIncomeLoss)
  6. 10-K · period ending 2024-06-30 · accession 0001477932-25-007562 (NetIncomeLoss)
  7. 10-K · period ending 2021-06-30 · accession 0001477932-22-009275 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2022-06-30 · accession 0001477932-23-007680 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-06-30 · accession 0001477932-24-006059 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2024-06-30 · accession 0001477932-25-007562 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2021-06-30 · accession 0001477932-22-009275 (CashAndCashEquivalentsAtCarryingValue)
  12. 10-K · period ending 2022-06-30 · accession 0001477932-23-007680 (CashAndCashEquivalentsAtCarryingValue)
  13. 10-K · period ending 2023-06-30 · accession 0001477932-24-006059 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K · period ending 2025-06-30 · accession 0001477932-25-007562 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)