What are the key financial metrics (revenue, EBITDA, net loss) that the market will focus on after the IPO?

Key post‑IPO financial metrics the market will zero‑in on

1. Top‑line revenue (and its growth trajectory) – As a mobile‑gaming studio, DarkIris’ valuation hinges on the ability to expand its user base and monetize it faster than peers. Analysts will dissect quarterly revenue versus prior‑year and versus the “mobile‑gaming” peer set, looking for double‑digit YoY growth and a rising proportion of recurring “live‑ops” spend. A revenue beat (especially on a “net bookings” basis) is the most immediate catalyst for upside; a miss will trigger a rapid sell‑off.

2. EBITDA (margin and absolute size) – Because the company is still in a heavy‑investment phase, EBITDA is the first gauge of operating leverage. The market will compare the EBITDA margin to the 10‑12 % range typical of mature mobile‑gaming firms and watch for a narrowing loss or a positive swing. A rising EBITDA margin signals that the cost‑of‑goods‑sold and SG&A are being tamed relative to revenue—a bullish signal that the firm can transition to profitability without sacrificing growth.

3. Net loss (trend and loss‑per‑share) – The trajectory of the net loss is equally critical. Investors will track whether the loss is narrowing (loss‑per‑share decreasing) or widening, especially in the context of cash‑burn and runway. A loss that is contracting faster than revenue growth suggests improving unit economics; a widening loss, especially if tied to aggressive content‑spend, will pressure the stock until clear guidance on future break‑even points is provided.

Trading implications

• Bullish case: If the next earnings release shows revenue exceeding consensus, EBITDA moving into positive territory, and a net‑loss contraction, the stock is likely to break above its recent high‑volume resistance around $4.20–$4.30, attracting momentum‑driven buying and short‑covering.
• Bearish case: A revenue miss, stagnant or deteriorating EBITDA, and an expanding net loss will test the $3.80‑$3.90 support level; a breach could trigger algorithmic sell‑offs and open‑interest growth in put‑options.
• Actionable watch‑list: Key dates are the upcoming quarterly filing (likely in early Q3 2025) and any management commentary on user‑growth metrics (DAU/ARPU). Position sizing should be tight around these events, with stop‑losses just below the nearest technical support to protect against the high‑volatility post‑IPO environment.