Hawkeye Systems, Inc. Releases Q2 2023 10-Q Report

Hawkeye Systems, Inc., a company transitioning from pandemic management products to seeking acquisition or merger opportunities, has released its Form 10-Q report for the second quarter of 2023. The report highlights the company's financial performance and outlines its current business strategy and future outlook.

Financial Highlights

• Net Loss: $387,501. The net loss for the six months ended December 31, 2023, was primarily due to operating expenses and interest expense.
• Net Loss Per Common Share - Basic and Diluted: $(0.07). The net loss per share decreased compared to the same period in 2022, reflecting a reduction in operating expenses.
• Total Operating Expenses: $300,311. Operating expenses decreased compared to the same period in 2022, primarily due to a reduction in professional fees and management compensation.

Business Highlights

• Business Overview: Hawkeye Systems, Inc. has shifted its focus from pandemic management products to seeking acquisition or merger opportunities with target businesses that have significant growth potential. The company is currently providing management consulting and strategic growth services to CNTNR USA, Inc.
• Current Business Plan: The company intends to use capital stock, debt, or a combination of these to effect a business combination with a target business. This strategy is aimed at leveraging significant growth potential in diversified industries such as affordable housing development and technology applications to mitigate climate change effects.
• Operational Strategy: Hawkeye Systems is actively searching for a target business while providing management consulting services to CNTNR USA, Inc. This includes a series of loans to CNTNR as part of their strategic growth services.
• Future Outlook: The company plans to continue its search for investment opportunities in diversified industries and expects to require additional capital to develop its business plan. Management anticipates raising additional capital through the sale of equity or debt securities.
• Going Concern: The company has not established sufficient revenue to cover its operating costs and will require additional capital to continue its operating plan. There is substantial doubt about its ability to continue as a going concern without obtaining adequate capital.

SEC Filing: Hawkeye Systems, Inc. Releases Q2 2023 [ OTC:HWKE ] - 10-Q - Feb. 08, 2024