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DarkPulse, Inc.

CIK: 8664392 Annual ReportsLatest: 2025-04-14

10-K / April 14, 2025

Revenue:$126,836
Income:-$3,893,859

10-K / July 15, 2024

Revenue:$2,020,971
Income:-$20,820,887

10-K / April 14, 2025

Company Overview - DarkPulse, Inc.

Business Focus

DarkPulse, Inc. is a technology company specializing in fiber optic sensing and security solutions, primarily using its proprietary BOTDA (Brillouin Optical Time Domain Reflection) dark-pulse sensor technology. The company develops, manufactures, and sells advanced monitoring systems for critical infrastructure and environmental applications.

Key Technologies & Solutions

  • Patented BOTDA dark-pulse fiber optic sensor technology: Enables real-time, high-resolution monitoring of environments affected by temperature, stress, strain, corrosion, and structural health.
  • Unique Advantages over Existing Technologies:
    • Faster data acquisition speeds
    • Higher spatial resolution (more precise localization)
    • Cost-effective with lower power consumption
    • Capable of monitoring dynamic environments
    • Integrates with existing systems and cloud-based GUI
    • Future VR/AR virtual inspection capabilities

Primary Applications & Markets

  • Critical Infrastructure Monitoring:
    • Buildings, skyscrapers, bridges, tunnels, dams, railways
    • Oil and gas pipelines (including leak detection)
    • Mining operations (including real-time personnel and equipment tracking)
  • Temperature Sensing:
    • Fire alarms, environment control
    • Harsh environments (-40°C to 300°C, 1000 psi)
  • Security & Defense:
    • Border security and military installations
  • Additional Markets:
    • Aerospace (monitoring composite structures)
    • Power grids and smart energy infrastructure
    • Environmental monitoring (avalanche, sea defense)
    • Cold storage and refrigeration

Operations & Business Model

  • Current Status:
    • Developing the Gen. 3 dark-pulse BOTDA systems, awaiting manufacturing orders from Sanmina.
    • Demonstrated two hardware units for potential customers.
    • Has not yet sold its patented system; total revenues in 2024: $126,836 (mainly from minor services and legacy segments).
  • Manufacturing Approach:
    • "Just in Time" hardware production with low inventory
    • Several weeks for installation, fiber deployment, and system setup
  • Revenue Model:
    • Primarily hardware and integrated service sales, including consulting, system deployment, and support
    • Future revenue expected from system sales, project installations, and ongoing monitoring services

Subsidiaries & Recent Activities

  • Subsidiaries:

    • DarkPulse UK Ltd. (UK) — Focused on engineering, telecoms, energy, rail, pipeline security.
    • Optilan India Pvt Ltd. — Provides project engineering, design, system provisioning.
    • Optilan Communications & Security Systems Ltd (Turkey) — Similar services across Europe.
    • TerraData Unmanned PLLC — Manufactures NDAA-compliant drones and unmanned ground vehicles (UGVs).
  • Recent Developments:

    • Acquisition of Optilan subsidiaries in September 2024 for $65,000 (disputed scope, including key IP and assets)
    • Optilan (UK) Limited was liquidated in June 2023 with ongoing asset liquidation and impairment of $2.0 million
    • Pending high-tech hardware sales orders, but no contractual commitments yet
    • Development of a Gen. 3 dark-pulse BOTDA system

Financial Snapshot (2024)

  • Revenue: $126,836 (significant decrease from $2,020,971 in 2023 due to liquidation and resource constraints)
  • Net Loss: $3,893,859 (improved from $21,723,043 in 2023)
  • Cash on Hand: $86,531 (up from $11,912 in 2023)
  • Expenses:
    • Operating costs and R&D are reduced, reflecting lower activity
    • Impairments include goodwill and intangible assets of ~$2.0 million
  • Market Presence & Stock:
    • Publicly traded OTC under ticker DPLS
    • Approximately 927 stockholders of record as of April 2025
    • No dividends declared or paid

Strategic Focus

  • Expand sales of fiber optic sensors in infrastructure, security, and environmental markets
  • Continue development of innovative products with emphasis on real-time monitoring
  • Wrap up hardware manufacturing and sales orders
  • Explore new markets and industries leveraging BOTDA technology

Note: The company has limited revenue, ongoing legal/liquidation issues affecting assets, and a small team (13 employees as of April 2025). Its primary assets are its technology, patents, and a strategic portfolio of subsidiaries in the UK, India, and Turkey.