DFSCW

DEFSEC Technologies Inc.

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$0.02

+0.00 (+0.00%)

Current Price

Previous Close	$0.02
Open	$0.02
Day High	$0.02
Day Low	$0.02
Volume	1,910

Fetched: 2026-08-28T17:51:08

Stock Information

Note: Financial values converted from CAD to USD

Total Debt	$928K
Cash Equivalents	$2.50M
Revenue	$5.41M
Net Income	$-6.55M
Exchange	NCM

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Recent Price History

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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.

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Period:

Income Statement (Annual)

Metric	2025-09-30	2024-09-30	2023-09-30	2022-09-30
Revenue
Reconciled Cost Of Revenue	$2,307,681	$734,760	$1,029,293	$387,464
Cost Of Revenue	$2,313,357	$734,760	$1,029,293	$387,464
Total Revenue	$3,568,039	$1,085,961	$891,139	$520,858
Operating Revenue	$3,567,208	$1,083,102	$888,910	$519,666
Expenses
Interest Expense	$183,875	$181,924	$522,323	$369,601
Total Expenses	$10,123,138	$8,160,044	$9,629,625	$7,805,713
Other Income Expense	$-269,531	$1,846,553	$2,502,553	$19,935
Other Non Operating Income Expenses	$-1,304,953	$-390,952	$-1,433,008	-
Net Non Operating Interest Income Expense	$-124,797	$-141,724	$-482,248	$-365,278
Interest Expense Non Operating	$183,875	$181,924	$522,323	$369,601
Operating Expense	$7,809,781	$7,425,284	$8,600,332	$7,418,249
Selling And Marketing Expense	$1,470,556	$1,101,049	$2,088,200	$2,379,623
General And Administrative Expense	$3,854,675	$3,702,275	$4,720,340	$3,548,286
Other Operating Expenses	-	-	-	-
Income & Earnings
Net Income From Continuing Operation Net Minority Interest	$-6,949,427	$-5,369,254	$-6,718,181	$-7,594,506
Net Interest Income	$-124,797	$-141,724	$-482,248	$-365,278
Interest Income	$59,078	$40,200	$40,075	$4,323
Normalized Income	$-7,984,849	$-7,606,758	$-10,653,742	$-7,614,348
Net Income From Continuing And Discontinued Operation	$-6,949,427	$-5,369,254	$-6,718,181	$-7,594,506
Total Operating Income As Reported	$-6,555,099	$-7,074,083	$-8,738,486	$-7,284,855
Net Income Common Stockholders	$-6,949,427	$-5,369,254	$-6,718,181	$-7,594,506
Net Income	$-6,949,427	$-5,369,254	$-6,718,181	$-7,594,506
Net Income Including Noncontrolling Interests	$-6,949,427	$-5,369,254	$-6,718,181	$-7,594,506
Net Income Continuous Operations	$-6,949,427	$-5,369,254	$-6,718,181	$-7,594,506
Pretax Income	$-6,949,427	$-5,369,254	$-6,718,181	$-7,630,198
Special Income Charges	$-59,402	$-5,238	$-210,201	$-841
Interest Income Non Operating	$59,078	$40,200	$40,075	$4,323
Operating Income	$-6,555,099	$-7,074,083	$-8,738,486	$-7,284,855
Depreciation Amortization Depletion Income Statement	$775,114	$922,513	$687,607	-
Depreciation And Amortization In Income Statement	$775,114	$922,513	$687,607	-
Gross Profit	$1,254,682	$351,202	$-138,154	$133,394
Other
Tax Effect Of Unusual Items	$0	$0	$0	$93
Tax Rate For Calcs	$0	$0	$0	$0
Normalized EBITDA (Bullshit earnings)	$-7,020,183	$-6,502,321	$-9,443,811	$-7,044,841
Total Unusual Items	$1,035,422	$2,237,504	$3,935,561	$19,935
Total Unusual Items Excluding Goodwill	$1,035,422	$2,237,504	$3,935,561	$19,935
Reconciled Depreciation	$780,790	$922,513	$687,607	$235,691
EBITDA (Bullshit earnings)	$-5,984,761	$-4,264,817	$-5,508,250	$-7,024,906
EBIT	$-6,765,552	$-5,187,330	$-6,195,858	$-7,260,597
Diluted NI Availto Com Stockholders	$-6,949,427	$-5,369,254	$-6,718,181	$-7,594,506
Tax Provision	$0	$0	$0	$-35,692
Gain On Sale Of Ppe	$4,915	$-5,238	$-210,201	$-841
Other Special Charges	$361	-	-	-
Impairment Of Capital Assets	$63,957	$0	$0	-
Gain On Sale Of Security	$1,094,824	$2,242,742	$4,145,762	$20,776
Research And Development	$1,709,435	$1,699,448	$1,104,185	$1,490,340
Selling General And Administration	$5,325,231	$4,803,323	$6,808,540	$5,927,909
Other Gand A	$3,772,602	$3,491,655	$4,450,675	$3,548,286
Salaries And Wages	$82,073	$210,620	$269,665	-

Fetched: 2026-08-28

Balance Sheet (Annual)

Metric	2025-09-30	2024-09-30	2023-09-30	2022-09-30
Assets
Net Tangible Assets	$3,906,651	$-1,304,129	$-127,580	$-4,147,804
Total Assets	$9,327,902	$4,054,970	$8,488,599	$5,286,745
Total Non Current Assets	$2,869,844	$2,724,990	$3,549,365	$4,192,074
Non Current Prepaid Assets	$33,302	$20,795	$18,824	$17,040
Non Current Deferred Assets	$68,562	$21,165	$0	-
Goodwill And Other Intangible Assets	$1,725,342	$2,291,884	$2,968,670	$3,423,825
Other Intangible Assets	$1,725,342	$2,291,884	$2,968,670	$3,423,825
Current Assets	$6,458,058	$1,329,980	$4,939,234	$1,094,671
Other Current Assets	$118,074	$129,255	$405,997	$88,191
Current Deferred Assets	$25,102	$198,836	$0	$453,537
Restricted Cash	$34,290	$21,657	$21,657	$21,657
Inventory	$375,101	$384,886	$391,545	$284,092
Receivables	$1,078,615	$409,944	$216,762	$124,080
Taxes Receivable	$102,462	$50,950	$163,529	$34,740
Accounts Receivable	$976,153	$328,496	$49,471	$82,929
Cash Cash Equivalents And Short Term Investments	$4,826,875	$185,402	$3,903,273	$123,115
Cash And Cash Equivalents	$4,826,875	$185,402	$3,903,273	$123,115
Other Receivables	-	$30,498	$3,762	$6,411
Cash Financial	-	-	-	$123,115
Prepaid Assets	-	-	-	-
Debt
Total Debt	$940,949	$218,172	$310,069	$1,843,996
Long Term Debt And Capital Lease Obligation	$804,579	$111,998	$218,305	$205,932
Current Debt And Capital Lease Obligation	$136,370	$106,174	$91,764	$1,638,064
Net Debt	-	-	-	$1,521,912
Long Term Debt	-	-	-	$56,882
Current Debt	-	-	-	$1,588,145
Other Current Borrowings	-	-	-	$1,588,145
Liabilities
Total Liabilities Net Minority Interest	$3,695,908	$3,067,216	$5,647,509	$6,010,723
Total Non Current Liabilities Net Minority Interest	$1,589,281	$919,170	$1,039,218	$1,010,990
Current Liabilities	$2,106,627	$2,148,046	$4,608,291	$4,999,733
Other Current Liabilities	$152,294	$611,655	$3,129,885	-
Current Deferred Liabilities	$5,538	$87,039	$87,327	$34,125
Payables And Accrued Expenses	$1,812,425	$1,343,178	$1,299,315	$3,327,544
Payables	$1,130,729	$758,043	$332,213	$2,461,041
Other Payable	$800,736	$121,454	$67,186	$805,777
Total Tax Payable	$34,237	$0	-	$0
Accounts Payable	$295,756	$636,589	$265,027	$1,655,264
Interest Payable	-	-	$0	$3,548
Equity
Common Stock Equity	$5,631,993	$987,755	$2,841,090	$-723,978
Total Equity Gross Minority Interest	$5,631,993	$987,755	$2,841,090	$-723,978
Stockholders Equity	$5,631,993	$987,755	$2,841,090	$-723,978
Other Equity Interest	$5,605,062	$783,026	$752,685	$1,414,760
Gains Losses Not Affecting Retained Earnings	$-61,416	$-27,807	$-28,632	$-73,213
Other Equity Adjustments	$-61,416	$-27,807	$-28,632	$-73,213
Retained Earnings	$-37,740,517	$-30,791,090	$-25,421,836	$-18,703,655
Other
Ordinary Shares Number	$1,007,992	$54,285	$19,308	$2,658
Share Issued	$1,007,992	$54,285	$19,308	$2,658
Tangible Book Value	$3,906,651	$-1,304,129	$-127,580	$-4,147,804
Invested Capital	$5,631,993	$987,755	$2,841,090	$921,049
Working Capital	$4,351,431	$-818,066	$330,943	$-3,905,062
Capital Lease Obligations	$940,949	$218,172	$310,069	$198,968
Total Capitalization	$5,631,993	$987,755	$2,841,090	$-667,096
Additional Paid In Capital	$3,897,091	$3,719,728	$3,442,783	$2,563,674
Capital Stock	$33,931,774	$27,303,898	$24,096,090	$14,074,456
Common Stock	$33,931,774	$27,303,898	$24,096,090	$14,074,456
Non Current Accrued Expenses	$784,702	$807,172	$820,913	$805,058
Long Term Capital Lease Obligation	$804,579	$111,998	$218,305	$149,050
Current Deferred Revenue	$5,538	$87,039	$87,327	$34,125
Current Capital Lease Obligation	$136,370	$106,174	$91,764	$49,919
Current Accrued Expenses	$681,696	$585,135	$967,102	$866,504
Net PPE	$1,042,637	$391,147	$561,871	$751,209
Accumulated Depreciation	$-550,828	$-425,797	$-303,015	$-277,836
Gross PPE	$1,593,465	$816,943	$864,886	$1,029,045
Leases	$95,140	$95,140	$95,140	$98,926
Other Properties	$336,687	$333,070	$322,466	$626,204
Machinery Furniture Equipment	$320,505	$222,610	$186,652	$153,668
Buildings And Improvements	$841,134	$166,125	$260,629	$150,248
Properties	$0	$0	$0	$0
Finished Goods	$24,879	$40,248	$84,053	$35,837
Work In Process	$21,234	$301,671	$45,284	$15,412
Raw Materials	$328,989	$42,966	$262,208	$232,842
Treasury Shares Number	-	-	$0	-

Fetched: 2026-08-28

Cash Flow Statement (Annual)

Metric	2025-09-30	2024-09-30	2023-09-30	2022-09-30
Free Cash Flow
Free Cash Flow	$-5,865,035	$-6,621,113	$-11,101,797	$-4,057,562
Operating Activities
Operating Cash Flow	$-5,744,266	$-6,540,873	$-10,163,240	$-3,072,800
Cash Flow From Continuing Operating Activities	$-5,744,266	$-6,540,873	$-10,163,240	$-3,072,800
Operating Gains Losses	$-935,869	$-2,194,775	$-3,967,090	$841
Investing Activities
Capital Expenditure	$-120,769	$-80,240	$-938,556	$-984,762
Investing Cash Flow	$-130,235	$-80,240	$-1,040,053	$-804,038
Cash Flow From Continuing Investing Activities	$-130,235	$-80,240	$-1,040,053	$-804,038
Net Other Investing Changes	$-12,633	-	$-107,136	-
Financing Activities
Issuance Of Capital Stock	$13,512,740	$3,584,681	$17,111,554	$248,331
Financing Cash Flow	$10,541,324	$2,903,242	$14,983,452	$2,059,433
Cash Flow From Continuing Financing Activities	$10,541,324	$2,903,242	$14,983,452	$2,059,433
Net Other Financing Charges	$-3,137,945	$-539,921	$-392,134	$-150,025
Net Common Stock Issuance	$13,512,740	$3,584,681	$17,111,554	$248,331
Common Stock Issuance	$13,512,740	$3,584,681	$17,111,554	$248,331
Other
Repayment Of Debt	$-124,276	$-142,683	$-1,738,893	$-30,683
End Cash Position	$4,826,875	$185,402	$3,903,273	$123,115
Beginning Cash Position	$185,402	$3,903,273	$123,115	$1,940,520
Effect Of Exchange Rate Changes	$-25,350	$0	$0	-
Changes In Cash	$4,666,823	$-3,717,871	$3,780,158	$-1,817,405
Proceeds From Stock Option Exercised	$290,805	$1,164	$2,925	$155,874
Net Issuance Payments Of Debt	$-124,276	$-142,683	$-1,738,893	$1,805,252
Net Long Term Debt Issuance	$-124,276	$-142,683	$-1,738,893	$1,805,252
Long Term Debt Payments	$-124,276	$-142,683	$-1,738,893	$-30,683
Net Business Purchase And Sale	$3,167	$0	$5,639	$180,725
Sale Of Business	$3,167	$0	$5,639	$180,725
Net Intangibles Purchase And Sale	$-19,256	$-7,091	$-810,818	$-849,424
Purchase Of Intangibles	$-19,256	$-7,091	$-810,818	$-849,424
Net PPE Purchase And Sale	$-101,512	$-73,149	$-127,738	$-135,339
Purchase Of PPE	$-101,512	$-73,149	$-127,738	$-135,339
Interest Received Cfo	$54,067	-	-	-
Interest Paid Cfo	$54,067	$-3,607	$-93,938	$-86,927
Change In Working Capital	$-258,615	$-248,093	$-1,667,761	$2,627,556
Change In Other Working Capital	$-149,470	$-25,984	$53,203	$12,568
Change In Other Current Liabilities	$0	$-18,332	$0	$0
Change In Payables And Accrued Expense	$549,193	$-293,995	$-1,203,022	$1,815,765
Change In Accrued Expense	$-144,378	$-108,284	$0	$0
Change In Payable	$693,572	$-185,712	$-1,203,022	$1,815,765
Change In Account Payable	$693,572	$-185,712	$-1,203,022	$1,815,765
Change In Prepaid Assets	$287	$276,742	$-317,807	$307,436
Change In Inventory	$9,785	$6,659	$-107,454	$35,695
Change In Receivables	$-668,409	$-193,182	$-92,681	$456,092
Other Non Cash Items	$1,430,111	$141,724	$482,248	$365,278
Stock Based Compensation	$82,073	$210,620	$269,665	$1,414,959
Asset Impairment Charge	$52,603	$0	$844,209	$0
Depreciation Amortization Depletion	$780,790	$922,513	$687,607	$235,691
Depreciation And Amortization	$780,790	$922,513	$687,607	$235,691
Amortization Cash Flow	$582,631	$683,877	$416,127	$7,888
Amortization Of Intangibles	$582,631	$683,877	$416,127	$7,888
Depreciation	$198,159	$238,636	$271,480	$227,803
Gain Loss On Investment Securities	$-956,902	$-2,200,013	$-4,177,291	-
Net Foreign Currency Exchange Gain Loss	$21,395	$0	$0	$0
Gain Loss On Sale Of PPE	$0	$5,238	$210,201	$841
Net Income From Continuing Operations	$-6,949,427	$-5,369,254	$-6,718,181	$-7,594,506
Issuance Of Debt	-	$0	$0	$1,835,936
Long Term Debt Issuance	-	$0	$0	$1,835,936
Deferred Tax	-	$0	$0	$-35,692
Deferred Income Tax	-	$0	$0	$-35,692

Fetched: 2026-08-28