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As used in this Form 10-K, the terms we, us, our, and the Company refer to DarkPulse, Inc., a Delaware corporation, and its subsidiaries. Organization DarkPulse, Inc. ( DPI or Company ) is a technology-security company incorporated in 1989 as Klever Marketing, Inc. ( Klever ).
The business is unprofitable at the operating level (-790.36% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 143.2% YoY with margins expanding 689.3pp.
ROIC dropped from -91.38% to -176.40%, capital efficiency is deteriorating. Negative free cash flow of -$66K. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$186K
▲ +143.2% YoY
Net Income (TTM)
-$3M
▲ +23.6% YoY
Op. Margin
-1295.60%
▲ +689.3pp YoY
ROIC
-293.82%
▼ -85.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$486K
▲ +95.7% YoY
Op. Cash Flow (TTM)
-$486K
▲ +95.6% YoY
Net Debt
$492K
Cash & Equiv.
$53K
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