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MARKETS / NASDAQ / DFSC
NASDAQ · SERVICES-PREPACKAGED SOFTWARE · SMALL CAP

Defsec Technologies Inc. DFSC

5 fiscal years on record · CAD · FY2024 reported · SEC filings only
CAD 1.5M
▲ 21.9% YoY
CAD -7.4M
CAD -9.2M
In brief

What this company does

DEFSEC Technologies develops and commercializes tactical systems for military and security forces and for public safety markets. In fiscal 2025 the DSEF and Land C4ISR contracts made up 12% and 65% of total annual revenue, respectively. Its product and service categories are arranged in three business lines: Less-Lethal, Digitization and Counter-Threat. Its Public Safety offerings include DEFSEC Lightning, a cloud-based platform that gives incident responders TAK-enabled real-time situational awareness as software as a service, with plug-in tools for law enforcement such as ground search and rescue and surveillance tools. Sales of its ARWEN launchers are made directly to law enforcement agencies and other eligible professional users. In counter-threat, the BLDS system detects and can locate lasers and alert ground personnel through the company's networked digitization applications. All current product development is done at its facility in Ottawa. The company was formerly known as KWESST Micro Systems Inc.

Written from the business description in DEFSEC Technologies Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 29 December 2025. Every sentence was checked against that document before publication.

Growth
CAD 1.5M
Revenue, FY2024 · full 5-year series below
Revenue CAD M Net income CAD M
FY2024 · Revenue 1.5 · Net income -7.4
0.8M-4.0M-8.0M20192021202220232024
Compound annual growth
+5.6%
+24.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +24.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−494 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -651.4% · Net -494.4%
-500%-1000%20192021202220232024
ROE

Not available in our data for this period.

Cash & shareholders
returned in FY2024 · dividends + net buybacks
Free cash flow CAD M
FY2024 · FCF -9.2
-5M-10M20192021202220232024

Total assetsCAD 5.6M
CashCAD 256,828.00
Gross debtCAD 0.00
Net debtCAD -256,828.00
Current ratio0.62×

Not available: we don't have the shareholders' equity figure for this period.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · CAD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20242023202220212019
Revenue CAD B0.00.00.00.00.0
Operating income CAD B−0.0−0.0−0.0−0.0−0.0
EBITDA CAD B−0.0−0.0−0.0−0.0·
Income tax CAD B0.00.0−0.00.00.0
Net income CAD B−0.0−0.0−0.0−0.0−0.0
Free cash flow CAD B−0.0−0.0−0.0−0.0−0.0
EPS, diluted CAD −8.99−22.80−144.05−14.72−4.61
Dividend / sh CAD ·····
Payout %·····
ROE %·····
Shares out B0.000.000.000.000.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 28 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 67 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inoutside the United States — SEC code A1
Fiscal year endsSeptember 30
SEC categoryemerging growth company
Data on record since2019

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