DFSCW
DEFSEC Technologies Inc.
Price Chart
Latest Quote
$0.02
-0.00 (-16.92%)
Current Price
| Previous Close | $0.02 |
| Open | $0.02 |
| Day High | $0.02 |
| Day Low | $0.02 |
| Volume | 51,052 |
Stock Information
Note: Financial values converted from CAD to USD
| Total Debt | $896K |
| Cash Equivalents | $2.11M |
| Revenue | $4.44M |
| Net Income | $-6.29M |
| Exchange | NCM |
đ Comprehensive Analysis
Company Data
| Sales | $4.44M |
| Income | $-6.29M |
| Book/sh | $1.82 |
| Employees | 43 |
Financial Ratios
| Quick Ratio | 1.97 |
| Current Ratio | 2.42 |
| Debt/Eq | 24.52 |
Returns & Margins
| ROA | -54.72% |
| ROE | -148.07% |
| Gross Margin | 32.97% |
| Operating Margin | -90.05% |
| Profit Margin | -141.78% |
Ownership
| Insider & Institutional transactions data not available |
Valuation Ratios
| P/B | 0.01 |
Analyst Data
| Recommendation | none |
Technical Indicators
| Shares Float | 1.83M |
| Volatility | 0.91 |
Performance History
| YTD | +0.00% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-07-17 | $0.02 | 51,052 |
About DEFSEC Technologies Inc.
DEFSEC Technologies Inc. engages in the development and commercialization of tactical systems for security, and personal defense markets. The company offers DEFSEC Lightning, a military digitization technology; Less-Lethal Munitions Systems, including PARA SHOT, a next-generation less-lethal system and ARWEN, a 40mm munition and new marking cartridge; It also provides BMA-Ready Solutions, including TAK and ATAK, tactical digital fires, battlefield laser detection system, and phantom tactical multi-function electromagnetic spectrum operations system. DEFSEC Technologies Inc. was formerly known as KWESST Micro Systems Inc. and changed its name to DEFSEC Technologies Inc. in June 2025. DEFSEC Technologies Inc. was founded in 2017 and is headquartered in Ottawa, Canada.
Period:
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Income Statement (Annual)
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $2,273,252 | $723,798 | $1,013,937 | $381,684 |
| Cost Of Revenue | $2,278,844 | $723,798 | $1,013,937 | $381,684 |
| Total Revenue | $3,514,806 | $1,069,760 | $877,844 | $513,088 |
| Operating Revenue | $3,513,988 | $1,066,943 | $875,648 | $511,913 |
| Expenses | ||||
| Interest Expense | $181,132 | $179,210 | $514,530 | $364,087 |
| Total Expenses | $9,972,108 | $8,038,302 | $9,485,958 | $7,689,257 |
| Other Income Expense | $-265,510 | $1,819,003 | $2,465,217 | $19,638 |
| Other Non Operating Income Expenses | $-1,285,484 | $-385,119 | $-1,411,628 | - |
| Net Non Operating Interest Income Expense | $-122,935 | $-139,609 | $-475,053 | $-359,829 |
| Interest Expense Non Operating | $181,132 | $179,210 | $514,530 | $364,087 |
| Operating Expense | $7,693,265 | $7,314,504 | $8,472,021 | $7,307,574 |
| Selling And Marketing Expense | $1,448,617 | $1,084,622 | $2,057,046 | $2,344,121 |
| General And Administrative Expense | $3,797,166 | $3,647,039 | $4,649,916 | $3,495,348 |
| Other Operating Expenses | - | - | - | - |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-6,845,747 | $-5,289,149 | $-6,617,950 | $-7,481,202 |
| Net Interest Income | $-122,935 | $-139,609 | $-475,053 | $-359,829 |
| Interest Income | $58,197 | $39,600 | $39,477 | $4,258 |
| Normalized Income | $-7,865,721 | $-7,493,271 | $-10,494,796 | $-7,500,748 |
| Net Income From Continuing And Discontinued Operation | $-6,845,747 | $-5,289,149 | $-6,617,950 | $-7,481,202 |
| Total Operating Income As Reported | $-6,457,302 | $-6,968,542 | $-8,608,114 | $-7,176,170 |
| Net Income Common Stockholders | $-6,845,747 | $-5,289,149 | $-6,617,950 | $-7,481,202 |
| Net Income | $-6,845,747 | $-5,289,149 | $-6,617,950 | $-7,481,202 |
| Net Income Including Noncontrolling Interests | $-6,845,747 | $-5,289,149 | $-6,617,950 | $-7,481,202 |
| Net Income Continuous Operations | $-6,845,747 | $-5,289,149 | $-6,617,950 | $-7,481,202 |
| Pretax Income | $-6,845,747 | $-5,289,149 | $-6,617,950 | $-7,516,361 |
| Special Income Charges | $-58,516 | $-5,160 | $-207,065 | $-828 |
| Interest Income Non Operating | $58,197 | $39,600 | $39,477 | $4,258 |
| Operating Income | $-6,457,302 | $-6,968,542 | $-8,608,114 | $-7,176,170 |
| Depreciation Amortization Depletion Income Statement | $763,550 | $908,750 | $677,349 | - |
| Depreciation And Amortization In Income Statement | $763,550 | $908,750 | $677,349 | - |
| Gross Profit | $1,235,963 | $345,962 | $-136,093 | $131,404 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $92 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-6,915,447 | $-6,405,312 | $-9,302,917 | $-6,939,737 |
| Total Unusual Items | $1,019,974 | $2,204,122 | $3,876,845 | $19,638 |
| Total Unusual Items Excluding Goodwill | $1,019,974 | $2,204,122 | $3,876,845 | $19,638 |
| Reconciled Depreciation | $769,142 | $908,750 | $677,349 | $232,175 |
| EBITDA (Bullshit earnings) | $-5,895,473 | $-4,201,189 | $-5,426,071 | $-6,920,099 |
| EBIT | $-6,664,615 | $-5,109,939 | $-6,103,420 | $-7,152,274 |
| Diluted NI Availto Com Stockholders | $-6,845,747 | $-5,289,149 | $-6,617,950 | $-7,481,202 |
| Tax Provision | $0 | $0 | $0 | $-35,159 |
| Gain On Sale Of Ppe | $4,842 | $-5,160 | $-207,065 | $-828 |
| Other Special Charges | $356 | - | - | - |
| Impairment Of Capital Assets | $63,002 | $0 | $0 | - |
| Gain On Sale Of Security | $1,078,490 | $2,209,282 | $4,083,910 | $20,466 |
| Research And Development | $1,683,932 | $1,674,093 | $1,087,711 | $1,468,105 |
| Selling General And Administration | $5,245,783 | $4,731,661 | $6,706,961 | $5,839,469 |
| Other Gand A | $3,716,318 | $3,439,562 | $4,384,274 | $3,495,348 |
| Salaries And Wages | $80,849 | $207,477 | $265,642 | - |
Fetched: 2026-07-15
Balance Sheet (Annual)
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $3,848,203 | $-1,284,618 | $-125,671 | $-4,085,747 |
| Total Assets | $9,188,343 | $3,994,303 | $8,361,598 | $5,207,648 |
| Total Non Current Assets | $2,826,907 | $2,684,221 | $3,496,262 | $4,129,354 |
| Non Current Prepaid Assets | $32,804 | $20,484 | $18,542 | $16,785 |
| Non Current Deferred Assets | $67,537 | $20,848 | $0 | - |
| Goodwill And Other Intangible Assets | $1,699,528 | $2,257,594 | $2,924,254 | $3,372,600 |
| Other Intangible Assets | $1,699,528 | $2,257,594 | $2,924,254 | $3,372,600 |
| Current Assets | $6,361,437 | $1,310,082 | $4,865,336 | $1,078,293 |
| Other Current Assets | $116,307 | $127,322 | $399,923 | $86,871 |
| Current Deferred Assets | $24,727 | $195,861 | $0 | $446,751 |
| Restricted Cash | $33,777 | $21,333 | $21,333 | $21,333 |
| Inventory | $369,489 | $379,127 | $385,687 | $279,841 |
| Receivables | $1,062,478 | $403,811 | $213,519 | $122,224 |
| Taxes Receivable | $100,929 | $50,187 | $161,082 | $34,221 |
| Accounts Receivable | $961,548 | $323,581 | $48,731 | $81,688 |
| Cash Cash Equivalents And Short Term Investments | $4,754,659 | $182,628 | $3,844,875 | $121,273 |
| Cash And Cash Equivalents | $4,754,659 | $182,628 | $3,844,875 | $121,273 |
| Other Receivables | - | $30,042 | $3,705 | $6,315 |
| Cash Financial | - | - | - | $121,273 |
| Prepaid Assets | - | - | - | - |
| Debt | ||||
| Total Debt | $926,871 | $214,908 | $305,430 | $1,816,407 |
| Long Term Debt And Capital Lease Obligation | $792,541 | $110,322 | $215,039 | $202,851 |
| Current Debt And Capital Lease Obligation | $134,330 | $104,586 | $90,391 | $1,613,556 |
| Net Debt | - | - | - | $1,499,142 |
| Long Term Debt | - | - | - | $56,031 |
| Current Debt | - | - | - | $1,564,384 |
| Other Current Borrowings | - | - | - | $1,564,384 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $3,640,612 | $3,021,326 | $5,563,015 | $5,920,794 |
| Total Non Current Liabilities Net Minority Interest | $1,565,504 | $905,418 | $1,023,670 | $995,864 |
| Current Liabilities | $2,075,109 | $2,115,908 | $4,539,345 | $4,924,930 |
| Other Current Liabilities | $150,015 | $602,504 | $3,083,057 | - |
| Current Deferred Liabilities | $5,455 | $85,737 | $86,021 | $33,614 |
| Payables And Accrued Expenses | $1,785,309 | $1,323,082 | $1,279,875 | $3,277,760 |
| Payables | $1,113,811 | $746,702 | $327,243 | $2,424,220 |
| Other Payable | $788,755 | $119,637 | $66,181 | $793,722 |
| Total Tax Payable | $33,725 | $0 | - | $0 |
| Accounts Payable | $291,331 | $627,065 | $261,061 | $1,630,499 |
| Interest Payable | - | - | $0 | $3,495 |
| Equity | ||||
| Common Stock Equity | $5,547,731 | $972,976 | $2,798,583 | $-713,147 |
| Total Equity Gross Minority Interest | $5,547,731 | $972,976 | $2,798,583 | $-713,147 |
| Stockholders Equity | $5,547,731 | $972,976 | $2,798,583 | $-713,147 |
| Other Equity Interest | $5,521,202 | $771,311 | $741,424 | $1,393,593 |
| Gains Losses Not Affecting Retained Earnings | $-60,497 | $-27,391 | $-28,204 | $-72,117 |
| Other Equity Adjustments | $-60,497 | $-27,391 | $-28,204 | $-72,117 |
| Retained Earnings | $-37,175,867 | $-30,330,413 | $-25,041,491 | $-18,423,823 |
| Other | ||||
| Ordinary Shares Number | $992,911 | $53,473 | $19,019 | $2,618 |
| Share Issued | $992,911 | $53,473 | $19,019 | $2,618 |
| Tangible Book Value | $3,848,203 | $-1,284,618 | $-125,671 | $-4,085,747 |
| Invested Capital | $5,547,731 | $972,976 | $2,798,583 | $907,269 |
| Working Capital | $4,286,328 | $-805,827 | $325,992 | $-3,846,637 |
| Capital Lease Obligations | $926,871 | $214,908 | $305,430 | $195,992 |
| Total Capitalization | $5,547,731 | $972,976 | $2,798,583 | $-657,116 |
| Additional Paid In Capital | $3,838,785 | $3,664,076 | $3,391,274 | $2,525,318 |
| Capital Stock | $33,424,108 | $26,895,394 | $23,735,580 | $13,863,883 |
| Common Stock | $33,424,108 | $26,895,394 | $23,735,580 | $13,863,883 |
| Non Current Accrued Expenses | $772,962 | $795,096 | $808,631 | $793,014 |
| Long Term Capital Lease Obligation | $792,541 | $110,322 | $215,039 | $146,820 |
| Current Deferred Revenue | $5,455 | $85,737 | $86,021 | $33,614 |
| Current Capital Lease Obligation | $134,330 | $104,586 | $90,391 | $49,172 |
| Current Accrued Expenses | $671,497 | $576,380 | $952,633 | $853,539 |
| Net PPE | $1,027,038 | $385,295 | $553,465 | $739,970 |
| Accumulated Depreciation | $-542,587 | $-419,426 | $-298,482 | $-273,680 |
| Gross PPE | $1,569,625 | $804,721 | $851,947 | $1,013,649 |
| Leases | $93,716 | $93,716 | $93,716 | $97,446 |
| Other Properties | $331,650 | $328,087 | $317,641 | $616,835 |
| Machinery Furniture Equipment | $315,709 | $219,279 | $183,860 | $151,368 |
| Buildings And Improvements | $828,550 | $163,639 | $256,729 | $148,000 |
| Properties | $0 | $0 | $0 | $0 |
| Finished Goods | $24,506 | $39,646 | $82,796 | $35,301 |
| Work In Process | $20,916 | $297,158 | $44,607 | $15,182 |
| Raw Materials | $324,067 | $42,323 | $258,285 | $229,359 |
| Treasury Shares Number | - | - | $0 | - |
Fetched: 2026-07-15
Cash Flow Statement (Annual)
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-5,777,286 | $-6,522,052 | $-10,935,699 | $-3,996,855 |
| Operating Activities | ||||
| Operating Cash Flow | $-5,658,324 | $-6,443,012 | $-10,011,184 | $-3,026,827 |
| Cash Flow From Continuing Operating Activities | $-5,658,324 | $-6,443,012 | $-10,011,184 | $-3,026,827 |
| Operating Gains Losses | $-921,867 | $-2,161,938 | $-3,907,737 | $828 |
| Investing Activities | ||||
| Capital Expenditure | $-118,962 | $-79,040 | $-924,514 | $-970,029 |
| Investing Cash Flow | $-128,286 | $-79,040 | $-1,024,493 | $-792,008 |
| Cash Flow From Continuing Investing Activities | $-128,286 | $-79,040 | $-1,024,493 | $-792,008 |
| Net Other Investing Changes | $-12,444 | - | $-105,533 | - |
| Financing Activities | ||||
| Issuance Of Capital Stock | $13,310,571 | $3,531,050 | $16,855,541 | $244,615 |
| Financing Cash Flow | $10,383,612 | $2,859,805 | $14,759,279 | $2,028,621 |
| Cash Flow From Continuing Financing Activities | $10,383,612 | $2,859,805 | $14,759,279 | $2,028,621 |
| Net Other Financing Charges | $-3,090,997 | $-531,843 | $-386,267 | $-147,780 |
| Net Common Stock Issuance | $13,310,571 | $3,531,050 | $16,855,541 | $244,615 |
| Common Stock Issuance | $13,310,571 | $3,531,050 | $16,855,541 | $244,615 |
| Other | ||||
| Repayment Of Debt | $-122,416 | $-140,548 | $-1,712,877 | $-30,224 |
| End Cash Position | $4,754,659 | $182,628 | $3,844,875 | $121,273 |
| Beginning Cash Position | $182,628 | $3,844,875 | $121,273 | $1,911,487 |
| Effect Of Exchange Rate Changes | $-24,971 | $0 | $0 | - |
| Changes In Cash | $4,597,001 | $-3,662,247 | $3,723,602 | $-1,790,214 |
| Proceeds From Stock Option Exercised | $286,454 | $1,147 | $2,881 | $153,542 |
| Net Issuance Payments Of Debt | $-122,416 | $-140,548 | $-1,712,877 | $1,778,243 |
| Net Long Term Debt Issuance | $-122,416 | $-140,548 | $-1,712,877 | $1,778,243 |
| Long Term Debt Payments | $-122,416 | $-140,548 | $-1,712,877 | $-30,224 |
| Net Business Purchase And Sale | $3,120 | $0 | $5,554 | $178,021 |
| Sale Of Business | $3,120 | $0 | $5,554 | $178,021 |
| Net Intangibles Purchase And Sale | $-18,968 | $-6,985 | $-798,687 | $-836,715 |
| Purchase Of Intangibles | $-18,968 | $-6,985 | $-798,687 | $-836,715 |
| Net PPE Purchase And Sale | $-99,994 | $-72,055 | $-125,827 | $-133,314 |
| Purchase Of PPE | $-99,994 | $-72,055 | $-125,827 | $-133,314 |
| Interest Received Cfo | $53,258 | - | - | - |
| Interest Paid Cfo | $53,258 | $-3,553 | $-92,532 | $-85,627 |
| Change In Working Capital | $-254,745 | $-244,381 | $-1,642,809 | $2,588,244 |
| Change In Other Working Capital | $-147,233 | $-25,596 | $52,407 | $12,380 |
| Change In Other Current Liabilities | $0 | $-18,058 | $0 | $0 |
| Change In Payables And Accrued Expense | $540,977 | $-289,597 | $-1,185,023 | $1,788,599 |
| Change In Accrued Expense | $-142,218 | $-106,664 | $0 | $0 |
| Change In Payable | $683,195 | $-182,933 | $-1,185,023 | $1,788,599 |
| Change In Account Payable | $683,195 | $-182,933 | $-1,185,023 | $1,788,599 |
| Change In Prepaid Assets | $282 | $272,602 | $-313,052 | $302,837 |
| Change In Inventory | $9,638 | $6,560 | $-105,846 | $35,161 |
| Change In Receivables | $-658,409 | $-190,292 | $-91,295 | $449,268 |
| Other Non Cash Items | $1,408,714 | $139,603 | $475,033 | $359,813 |
| Stock Based Compensation | $80,845 | $207,469 | $265,631 | $1,393,789 |
| Asset Impairment Charge | $51,816 | $0 | $831,578 | $0 |
| Depreciation Amortization Depletion | $769,109 | $908,711 | $677,320 | $232,165 |
| Depreciation And Amortization | $769,109 | $908,711 | $677,320 | $232,165 |
| Amortization Cash Flow | $573,914 | $673,646 | $409,901 | $7,770 |
| Amortization Of Intangibles | $573,914 | $673,646 | $409,901 | $7,770 |
| Depreciation | $195,194 | $235,065 | $267,419 | $224,395 |
| Gain Loss On Investment Securities | $-942,586 | $-2,167,098 | $-4,114,793 | - |
| Net Foreign Currency Exchange Gain Loss | $21,075 | $0 | $0 | $0 |
| Gain Loss On Sale Of PPE | $0 | $5,160 | $207,056 | $828 |
| Net Income From Continuing Operations | $-6,845,454 | $-5,288,922 | $-6,617,668 | $-7,480,882 |
| Issuance Of Debt | - | $0 | $0 | $1,808,468 |
| Long Term Debt Issuance | - | $0 | $0 | $1,808,468 |
| Deferred Tax | - | $0 | $0 | $-35,158 |
| Deferred Income Tax | - | $0 | $0 | $-35,158 |
Fetched: 2026-07-15