Core Viewpoint - DarkIris Inc., a mobile game developer based in Hong Kong, has filed an F-1 registration statement with the SEC to go public on NASDAQ, aiming to leverage its strong revenue generation capabilities despite a small workforce [1][2]. Company Overview - DarkIris Inc. was established in May 2024 in the Cayman Islands and primarily engages in mobile digital game development, publishing, and operations [2][3]. - The company operates through two Hong Kong subsidiaries, Quantum and Stellar, with Quantum being the main revenue source [2][3]. - DarkIris is closely related to Xiqi Network, which previously listed on the New Third Board and underwent a restructuring to separate its gaming business [1][5]. Financial Performance - For the fiscal year ending September 30, 2024, DarkIris reported revenues of approximately $7.92 million (about 57 million RMB), a significant increase from $3.95 million (about 28 million RMB) in the previous fiscal year [10][11]. - The company achieved a net profit of approximately $1.1 million (about 7.86 million RMB) for the same period, marking a turnaround from a loss of $1.26 million in the previous year [13][11]. - DarkIris has a small workforce of 24 employees, resulting in an impressive average net profit contribution of about 330,000 RMB per employee [13][9]. Revenue Sources - The majority of DarkIris's revenue comes from a few key games, with self-developed and agency-published titles contributing significantly to total income [14]. - The game "Nine Heavens Spirit Snake Record" generated $209,000 in revenue in 2023 and $188,000 in 2024, but its user base has sharply declined from 140,000-190,000 to just over 4,000 in the first half of 2025 [14][15]. - Other successful titles include "The Story of Wei, Shu, and Wu" and "Floating Myth," which have shown stable performance and significant revenue contributions in 2024 [15]. Legal Issues - Shortly after announcing its IPO plans, DarkIris faced a legal challenge from Shanghai DarkIris Technology Co., which claimed that DarkIris's branding and actions could lead to confusion and brand infringement [8].

随后，上海黑瞳科技发布声明，指出"DarkIris及其相关方的行为涉嫌恶意混淆视听、品牌劫持及侵权，性质恶劣"。该声明中提及，上海黑瞳科技对"黑 瞳"品牌拥有9类、36类、45类注册商标权。 近日，香港地区手游企业DarkIris Inc.（简称"DarkIris"）计划赴美上市的消息引发市场关注。不过，引发关注的原因并非源自DarkIris的业绩或者业务，而是 其使用的中文简称"黑瞳科技"，正好与智能反诈公司上海黑瞳科技有限公司（简称"上海黑瞳科技"）完全相同。 而DarkIris招股书显示，DarkIris主要从事移动数字游戏的开发、发行和运营业务。业务范围包括游戏设计、编程与图像制作，以及在多种平台上对移动游戏 的分发与运营。 此次黑瞳科技拟发行150万股Class A普通股，初始发行价预计4美元/股，募集资金600万美元。按拟议价格计算，DarkIris市值将达到7000万美元。 营收方面，2023财年、2024财年和2025年上半财年，DarkIris收入分别为395.11万美元、792.05万美元和520.47万美元，净利润分别为-125.78万美元、109.68 万美元和90.74万美元。 我司 ...

中概股小额IPO的新成员 虽然今年外部环境震荡不断，但中概股IPO的数量依旧不少。数据显示，今年以来共有31家中国企业在美股市场IPO上市，合计募资约7.72亿美元，与上年同 期相比IPO数量同比增长63%。 但也因为特殊的环境影响，今年以来中概股呈现出大额IPO较为冷清，小额IPO明显增多的情况。中概股整体募资金额同比减少55%。全部年内IPO新股的发 行市值合计不超过100亿美元，平均募资不足2500万美元，平均发行比例约为8%。其中仅霸王茶姬(CHA.US)募资超过2亿美元，其余中概股的募资规模基本 都不超过1500万美元，其中有22只募资不足1000万美元。 时至Q2季度，美股中概股IPO迎来了一家"另类"企业，即游戏行业的黑瞳科技。其实自2021年之后，选择赴纳斯达克上市的国内游戏企业便寥寥无几，在当 下中概股IPO行业格局呈现 "科技 + 医药 + 工业" 三足鼎立的背景下，一家手游企业的出现便格外显眼。 实际上，历史上黑瞳科技还有一家广州子公司 TuringGame 主要专注于移动游戏发行与知识产权资源管理。并且Turing一直作为公司的成本中心存在，依赖 研发人员为公司整体业务提供支持。而后公 ...